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Absenteeism
Not attending work
Presenteeism
Attending work while unwell
Staff Turnover
The proportion of employees who leave an organisation over a set period (often on a year-on-year basis)
Average number of days of absenteeism
Average number of days of absenteeism per employee per year is 6.3 (Chartered Institute of Personnel and Development (CIPD) Annual Survey Report 2016: Absence Management)
Cost Per Day
Cost per day: £82.86 (Chartered Institute of Personnel and Development (CIPD) Annual Survey Report 2016: Absence Management.)
Cost of presenteeism
Cost of presenteeism relative to the cost of absenteeism: 1:2.5 (On the basis of research assumed a ratio of 1:2.5 for the cost of absenteeism to presenteeism.) Therefore for every £1 cost to business of absenteeism there is estimated to be an additional cost of £2.50 due to presenteeism.
Annual Estimated Staff turnover
Annual estimated staff turnover: 16.5% Chartered Institute of Personnel and Development Annual Survey Report 2017: Recruitment, Retention and Turnover Survey.
Average turnover costs per position
Average turnover costs per position: £30,614.00 Oxford Economics (2014). Understanding the financial impact of staff turnover.
Why Choose P3 Business Care?
Business Partners are trained, experienced and dedicated. Available 24/7 365 we provide pro-active care, support and encouragement to all staff and their immediate family members.
P3 Business Care is a registered social enterprise. Any organisation operating with a corporate social responsibility policy to support social enterprise and with the goal of impacting the wider society can achieve this aim by engaging the services of P3 Business Care. The proactive nature of P3 Business Care will help reduce pressures on the NHS and Police service for example by identifying and addressing issues before reaching a crisis point.
Our Partners
