When developing strategies to manage sickness absence, employers and advisers should beware of acting solely on the basis of their own cost data, says Dudley Lusted
In the past, spending on employee health benefits has been made with little regard for any return on investment (ROI). Indeed, few benchmarks were put in place to measure improvements following any form of investment. However, over the last few years, life has become a lot tougher for those charged with managing attendance or for providing cost effective benefit packages. The simple truth that employees are not all created equally is commonly known, yet most companies' absence costs are calculated using crude averages that assume everyone is the same. To progress, employers need a better ...
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