Absenteeism levels three times higher at large firms - GRiD

Adam Saville
clock • 2 min read

Poor management alongside lack of monitoring and recording of absence could be combatted by group risk products

According to research from Group Risk Development (GRiD), firms with over 250 employees have the highest absence rates - averaging 7.5 days per year - compared to micro businesses (one-to-nine members of staff) who only witness an average of 2.8 days absence per year. According to the survey (November 2017) of 500 HR decision makers in 500 UK business (including 1000 in companies with more than 250 employees), 5% of HR decision makers also admitted to not recording or monitoring absence at all - more prevalent for SMEs (6%) than those with over 250 employees (1%). This equates to nearly ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

MetLife expands YuLife partnership

MetLife expands YuLife partnership

Group income protection

Cameron Roberts
clock 28 October 2024 • 1 min read
Quarter of employers not recording sickness absence impact

Quarter of employers not recording sickness absence impact

GRiD finds

Jaskeet Briah
clock 23 October 2024 • 2 min read
Improved employee wellbeing can boost UK productivity by £34bn

Improved employee wellbeing can boost UK productivity by £34bn

Cultural factors impact wellbeing

Jaskeet Briah
clock 22 October 2024 • 2 min read