New website finds the real cost of sick leave
Howard Lake | 14 August 2006 | News
A new website has been launched by BUPA that calculates the cost of workers’ sickness absences throughout the year, making it easy for each organisation to work out, depending on number of employees, postcode and sector.
A new website has been launched that calculates the cost of workers’ absences throughout the year.
BUPA has set up www.costofabsence.com using data from the Chartered Institute of Personnel and Development with readings based on the type of industry, postcode, number of employees and average employee salary. Figures from the CBI estimate the cost of employee absence to the UK economy in 2005 rose to over £13bn with a total loss of 164 million working days.
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On average, the figures show that charity employees take 6.3 days sick a year, costing their organisation £590. Top of the list for number of days taken are local government employees who clock up an average of 11. However, although telecoms staff only take an average of 5.6 days a year off sick, it costs their companies a whopping £1,234 each, suggesting that telecoms is the place to head for if you want to increase your income.
And just for the record – journalists take an average of 5.4 days, costing their organisations £599.
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.