Sick at work Missed work due topoor health adds up to a whopping total of nearly 1.4 billion daysannually, and amounts to 60 cents for every dollar employers spendon health care benefits. (Photo: Shutterstock)

Employees who suffer from poor health can be expensive. While employersalready spend nearly $880 billion on the health care benefits they provide to employeesand dependents, that's not the only thing that costs them.

So says a new report from the Integrated Benefits Institute, which finds thatillness-related productivity losses are pretty pricey too. Notonly do employees covered by sick time, workers' compensation,disability and family and medical leave benefits miss about 893million days a year due to illness, they also rack up an estimated527 million lost work days due to impaired performance.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.