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Covid masks “The true cost of the COVID-19 pandemic to employers is far more than just the expense of workplace sanitization, testing, and masks,” said IBI’s Joseph Aller.

The cost to employers for absent workers due to COVID-19 is estimated to total more than $78.4 billion over the past 22 months, according to a new analysis from the Integrated Benefits Institute that seeks to quantify the pandemic’s broader productivity impacts. That works out to average weekly losses approaching $1 billion per week.

IBI, a national nonprofit research organization, included in its assessment potential sick leave wages, short-term disability payments, and spending on employee benefits.

 

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