Analysis: COVID-19 costs employers nearly $1B per week in lost time from work
Employees with the virus will lose an estimated $33.3B in wages,
By Mike Popke|December 29, 2021 at 08:37 AM
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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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