You are here: Home - Uncategorized -

False ‘sickies’ cost the economy well over £1.6bn a year

0
Written by:
10/04/2007

Falsely-taken sick leave cost the UK economy £1.6bn last year, according to a report from the Confederation of British Industry (CBI).

Bosses of UK businesses estimate that up to one in eight staff taking sick leave are not actually sick and that many workers take Monday or Friday off just to get a long weekend.

Overall workplace absence, including genuine illness, cost the economy £13.4bn, the CBI said, with workers taking an average of seven days off sick in 2006.

This figure was half a day more than was taken off in 2005 and was the equivalent of 175 million working days lost to illness.

Public sector workers had the highest average absence at nine days per worker, 44% more than employees in the private sector. The Government has been trying to cut the rate of absenteeism in the civil service, as it is regarded as being too high.

Some workers felt that they had the right to extend weekends or holidays by claiming to be sick, said Susan Anderson, director of human resources policy at the CBI. “As well as the financial burden, this puts pressure on colleagues,” she commented.

“Everybody gets sick and employers must understand that many absences are genuine,” she said. “It is in no-one’s interest if people go in to work when they are genuinely unwell.

“But there is a culture of absenteeism in some workplaces that needs to be addressed.”

 

 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Lloyds TSB says sorry for call centre confusion

Lloyds TSB, one of the biggest providers of UK current accounts in the country, has apologised to its customers for keeping...

Close