Essay about A Survey By The Confederation Of British Industry

1227 Words Jun 3rd, 2016 null Page
Employers worldwide are trying to improve the well-being and productivity of their workforce, and they are becoming increasingly aware that creating a culture of health and well-being in the workplace is an effective way of boosting employee productivity and reducing absence and presenteeism.

A survey by the Confederation of British Industry (CBI) estimates that employee absence costs the British economy over £14b annually, with a cost of £975 to business for each absent employee. The main reasons for short term absence according to the Chartered Institute of Personnel and Development (CIPD), are minor illness, musculoskeletal injuries, back pain and stress; whereas long term absence is mostly linked to acute medical conditions, stress, musculoskeletal injuries, mental health and back pain.

It is no surprise then that employers are increasingly focused on the link between health and productivity. In fact, according to the latest Willis Towers Watson Staying@Work survey, 82% of UK employers report that they expect their commitment to health and productivity to increase over the next three years with a particular focus on building a culture of health and well-being in the workplace.

We know that in many cases employees’ health concerns, financial worries and engagement issues tend to cluster and that in turn creates a an even larger drag on productivity. For example, 35% of UK employees in the 2015/2016 Global Benefits Attitudes Survey (GBAS) who were struggling…

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