Short-term absence may cause a hiccup in the day-to-day running of your practice but, in the long-term, it can have a larger, costlier impact on your business.
The latest government statistics reveal that, on average, as many as 960,000 employees were on sick leave for a month or more each year between October 2010 and September 2013 (Department for Work & Pensions, 2014). With more than 130 million days lost to sickness absence every year, this is impacting on the economy to the tune of £100 billion a year. Health and wellbeing benefits can be part of a long-term strategy to improve the productivity and health of staff, with many companies investing in healthcare plans and private medical insurance as part of its absence management strategy. While many practices can plug the gaps in workforce for the odd day of staff sickness, investments such as these could be key in supporting the wellbeing of your staff and the future success of your business.