Reference no: EM133053667
In the last 12 months, a company of 50 staff has experienced unplanned sick leave rate of 8.5days per employer and has returned 3 replacement staff due to resignations. The average staff salary is $5000. The company runs a shift roster of 8-hour days and the average hourly wage is $25.
Step 1: Estimate the total number of sick days in your organization for the past 12 months.
Total number of employees
Sick leave rate per employer per year (in days) or Total number of sick days in the last 12 months
Step 2: Estimate the average hours worked per day and the hourly wage.
Average hours worked per day
Average hourly wage.
Step 3: Determine the annual cost of staff sick leave
Total annual cost of staff week leave.
Step 4: Estimate the impact of a workplace health and wellbeing program.
It is estimated that a successful workplace health and wellbeing program can decrease staff absenteeism by an average of 30-40%.
Reduction in Sick Leave
Total annual savings in sick leave achievable by implementing an effective workplace health and wellbeing program