A new interactive tool has been launched by Pfizer and the Office of Health Economics (OHE) to assist employers in assessing the financial impact of respiratory illnesses on their workforce. By providing tailored cost estimates related to absenteeism and presenteeism due to short-term respiratory infections, employers can gain insights into a significant yet often overlooked aspect affecting productivity. This initiative stems from research indicating that respiratory illnesses can cost UK employers around £44 billion annually, translating to about £852 per employee.
Key Points
- The tool estimates productivity costs related to respiratory illness absenteeism and presenteeism.
- Research shows respiratory infections may cost UK employers £44 billion each year.
- Presenteeism (working while sick) contributes more to costs than absenteeism.
- The tool uses data from YouGov surveys and the Office for National Statistics.
- Employers can input specifics like employee numbers and absenteeism rates for more accurate estimates.
Why should I read this?
This article is a must-read for employers keen on tackling hidden costs in their organisations. With insightful data and a handy tool at your fingertips, you can now better understand how respiratory illnesses impact your bottom line. Don’t let your workforce’s health become an overlooked weight on productivity—get ahead of the problem with this resource!