Absenteeism 'ranked sixth' concern by employers

Research by Zurich

Adam Saville
clock • 1 min read

Health and wellbeing of workers less of a priority for bosses than economic uncertainty, technology and financial risk, survey finds

A survey of 500 financial decision makers within British businesses has found that employee risk - including absence and health - was a concern for just 25% of respondents, ranking only sixth. This is despite the fact that employee absence is estimated to cost the UK economy around £18bn a year in terms of lost productivity. According to the research, economic uncertainty was the biggest concern (43%) for businesses, followed by technological risk, including cyber and data security (39%), then financial risk, such as operating costs, and competitor activity (both 33%). Large employ...

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

Autumn Budget 2024: Employers' NI hike's impact on group protection

Autumn Budget 2024: Employers' NI hike's impact on group protection

Businesses urged to maintain investment

Cameron Roberts
clock 30 October 2024 • 3 min read
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