10 Aug The Cost of Absenteeism to Australia’s Economy
The are various factors to consider that all contribute to the overall impact of unscheduled days off. Apart from the direct financial cost, there are other costs such as workplace morale and productivity.
“A large survey published by the Australian Industry Group (AIG) in 2015 estimated that absenteeism directly costs organisations $578 per employee per day of absence. In direct costs alone, the loss to the economy is said to be in excess of $44 billion per annum. It’s a staggering amount.
On average, Australian employees are taking around ten sick days per year.”