Assessment and Measure
A lack of information about the impact of health on workplace productivity hampers the efficiency and effectiveness of employer health care purchasing.
Prior to engaging in activities to prevent or limit work loss, getting a data driven insight of how large the health impact, is required. An accurate estimate of the value of lost output due to poor health is needed to assess the value of programmes and improvements (VOI).
Monitoring only the cost of absenteeism will not give you a full picture and a true estimate of cost, which go far beyond that of sickness benefit costs. Employees may be substituting sickness absenteeism with sickness presenteeism days.
To get a true picture of cost, it is essential to review the cost of presenteeism as well.
Discover six crucial pieces of information:
What kinds of health problems do your team have?
How commonly occurring are each of these problems?
What are the effects of these health problems on work performance, sickness absence, team impacts etc.?
What is the financial cost to you, the employer, of these negative performance indicators?
How effective are my current interventions in reducing these indicators in my business?
What is the expected ROI’s and VOI’s of proposed targeted interventions?