Further to my post last week on long-term absence, I thought I would focus a little more on the subject as it is something a significant number of small business owners are effected by, and worry about, but surprisingly very few have contingency for.
More than two-thirds (68%) of small business confirm that productivity and revenue would be significantly affected if just one member of staff was unable to come to work for more than four weeks, the costs of overtime or perhaps bringing in temporary staff, additional training etc. are all factors that can be a huge headache, and often, the smaller the business, the bigger the headache.
A study conducted by a leading UK insurer suggests thr
15 million working days were lost in the UK last year due to stress, anxiety and depression.
Every business no matter the size will at some point have to deal with employee absence, and it can be difficult, especially for small businesses, to adjust when it hits.
Businesses across the UK are spending an estimated £3.1bn every year on employees who are unable to work due to long-term illness or injury.
A recent report(1) found that a third of employers rely exclusively on the NHS to manage long-term employee sickness absence - a further 30% have no support systems in place for employees with long-term sickness absence as a result of mental health. Stress and mental health has been on th