For a workforce of 1000 people, the annual estimated cost of absenteeism due to stress and ill mental health would be £269,730 (CIPD Survey 2008).
70% more sick days since 2009
A recent report shows a 70% rise in stress related sick days in the East of England public sector over the last five years (Wright 2014). In Cambridgeshire, the number of stress-related sick days even rose from 77 in 2009 to 340 in 2013. This is a massive 342% increase. Similarly Suffolk Fire Service saw a 696% from 57 in 2009 to 454 in 2013. Unless we learn to cope and manage stress, it will not go away on its own; it will only get worse.
Focus on preventive measures
To avoid this problem it is important that directors, managers and employees recognise stress before it gets to the point where they cannot come into work. We should educate managers in recognising symptoms of stress in themselves and others and in encouraging employees to effectively cope with it. Learning to manage stress is a win-win solution. Employees will gain a healthy work life balance and their employers will benefit from the minimised costs of decreased absenteeism rates.
Want to know more?
If you are interested in exploring the effects of stress and wellbeing in the workplace please attend the Workplace Wellbeing and Stress Summit on the 27th November 2014.
- Taking control of absence - 17 June 2015
- Are you aware of the importance of good mental health within your organisation? - 16 June 2015
- More productivity is a good thing, right? - 19 May 2015
- Election 2015 – The future of British workplaces - 8 April 2015
- Healthy workplaces manage stress - 20 November 2014
- Did you know that absenteeism is very costly for businesses? - 3 October 2014
- Do you have a healthy work-life balance? - 22 September 2014
- How does stress affect your sleep? - 8 September 2014
- How do healthy workplaces manage stress? - 22 August 2014