Companies both large and small are affected by long-term sickness absence: 69% of companies with more than 500 employees reported that they had seen a financial impact on their business, as did 40% of companies with fewer than 500 employees.
Long-term sickness absence is a reality for UK workers, as one-third (31%) of employees claim that they have had to take one month or more off work as a result of illness or injury. Over two million say that they have had to take off half a year or more due to illness or injury.
Marco Forato, Unum's Chief Marketing Officer, said: “Employee long-term absence as a result of illness or injury is a real financial burden for UK businesses. In the current challenging business environment, this issue is only likely to place greater strain on employers. Unfortunately, our research shows that as companies are not taking steps to protect themselves or their employees, it will continue to be a financial drain on businesses for some time to come.”
On a regional basis, Unum’s research reveals that companies based in Yorkshire and Humberside are potentially the most exposed to long-term sickness absence issues, with 41% of workers having taken a month or more off work as a result of illness or injury. Workers in Wales and the East of England, meanwhile, have the lowest incidence of long-term sickness absence, with a quarter (25%) of workers in each region having to take off a month or more. The figures are 26% for London, and 30% for the South East, with the UK average at 31%.
The conclusion is clear: employers should seriously reconsider their employee benefits policies and urgently look into arranging better protection for their companies and employees.
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