Benefits tech platform concept IBI President Kelly McDevitt recommends that employers reevaluate their products and programs to ensure they meet employees’ changing health and well-being needs. (Image: Shutterstock)

Lost work time because of the pandemic has cost U.S. employers more than $50 billion, according to the nonprofit Integrated Benefits Institute. This represents a 117% increase from a previous analysis conducted a year ago.

The assessment includes potential sick leave wages, short-term disability payments and spending on employee benefits:

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