To see how much your business could save, simply input the number of people you employ and the potential cost savings will be shown.
|Absenteeism||Not attending work|
|Presenteeism||Attending work while unwell|
|Staff turnover||The proportion of employees who leave an organisation over a set period (often on a year-on-year basis)|
|Descriptions and figures||Source|
|Average number of days of absenteeism per employee per year: 6.9||Chartered Institute of Personnel and Development (CIPD) Annual Survey Report 2015: Absence Management.|
|Cost per day: £92.27||Chartered Institute of Personnel and Development (CIPD) Annual Survey Report 2014: Absence Management.|
|Cost of presenteeism relative to the cost of absenteeism: 1:2.5||On the basis of the following research ERS assumed a ratio of 1:2.5 for the cost of absenteeism to presenteeism. Therefore for every £1 cost to business of absenteeism there is estimated to be an additional cost of £2.50 due to presenteeism.
|Annual estimated staff turnover: 15.7%||Chartered Institute of Personnel and Development Annual Survey Report 2009: Recruitment, Retention and Turnover Survey.|
|Average turnover costs per position: £30,614.00||Oxford Economics (2014). Understanding the financial impact of staff turnover.|
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