Absenteeism & Presenteeism Costs
To estimate the average cost of absenteeism or presenteeism for chronic pain and related conditions like fibroymyalgia along with historic growth and predictions.
Absenteeism in the US
- According to Absenteeism: The Bottom-Line Killer, a publication of the workforce solution company Circadian, unscheduled absenteeism costs roughly $3,600 per year for each hourly worker and $2,660 each year for salaried employees. The costs can be attributed to many factors including:
Wages paid to absent employees
- High-cost replacement workers (overtime pay for other employees and/or temporary workers)
- Administrative costs of managing absenteeism.
- According to the CDC, the annual cost in 2017 was $1,685. The Centers for Disease Control and Prevention (CDC) lso report that “productivity losses linked to absenteeism cost employers 225.8 billion USD annually.
- Employer Assistance and Resource Network (EARN) states that “each year workers in the U.S. miss more than half a billion work days,” which according to the Bureau of Labor Statistics results in financial losses of 40 billion USD per year.
- The most common causes of short-term absences are:
- Minor illness (81%).
- Stress (8%).
- Musculoskeletal injuries (6%).
- Mental health (2%).
- The most common causes of long-term absences are:
- Acute medical conditions (23%).
- Mental health (22%).
- Stress (22%).
- Musculoskeletal injuries (19%).
- The costs of presenteeism are much higher than the costs posed by absenteeism. According to Karen Higginbottom, a freelance journalist who covers workplace topics, the cost of presenteeism can be ten times greater than the cost of absenteeism. This can amount ot $150 billion per year in the US.
- A study by health insurer Vitality has found that more than 40% of employees said their work was being affected by health problems - a figure that's risen by a third over the last five years.
- Employees working while sick (presenteeism) costs employers about $150 billion to $250 billion or 60% of the total cost of worker illness, according to the Harvard Business Review.
Fibromyalgia & Pain
- Indirect costs account for the majority of FM-related costs at all severity levels. More than three-quarters of total FM-related costs were attributable to lost productivity and disability.
- American employers lose
billions of dollars a year on employee absenteeism
as a result of pain: lost productive time from common
pain conditions among active workers costs an
estimated $61.2 billion per year. The majority (76.6%)
of the lost productive time was explained by reduced
performance while at work and not work absence.
- One study predicts that the cost of absenteeism and presenteeism in the US will by 5.5 % of the GDP by 2025.
- Time prevented further research in this area.
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