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Other Recent Articles On "Human Resources":
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Stress The figures for stress in the UK m ke for grim reading. A Samaritans s rvey (of 2,000 people) early last y ar concluded that: • 1 in 3 p ople are so wound up by th ir job that they cannot sleep pr perly • 5 million people are extremely stressed by th ir work • 1/2 a million people say th t work-related stress made them physically s ck 13 million days a year are l st to stress in the UK very year, costing the economy c. £3.7bn (CIPD). The CIPD Abs nce Management Survey (July 2007) in nterviewing 819 UK companies concluded that: • Str ss is the leading cause of l ng-term absence with 68% of organisations c ting it as #1 • 41.5% of rganisations cited stress as a top 5 c use of short-term absence (66% in the P blic Sector) The charity Mind (as r ported in the Belfast Telegraph February 2007) s id that stress costs £1 for very £10 generated. In the same r port Lord Layard was quoted as s ying that there is a £3,000 pr ductivity gain for every £1,000 spent on pr venting anxiety and depression. Absence According to the IHPM 40 million days are lost each year due to occupational ill health and injury. Absence due to sickness costs £12bn a year of which £4bn is attributable to the Public sector.
According to the CIPD Absence M nagement Survey an average of 8.4 d ys (or 3.7% of working time) is l st each year at an average c st of £659 per employee per nnum. 29% of absence in the P blic sector is accounted for by bsence of 4 weeks or more (15% in the Pr vate Sector). With the significant cost mplications you would have thought that m re than 43% of organisations would h ve a target for reducing absence and c rtainly more than 14% of private pr fessional services companies. It is not nly the costs associated with hiring t mporary staff but we also need to f ctor in the impact that absence has on st ff that are diverted from their n rmal roles to cover or where t mporary staff are not fully up to sp ed. The CIPD Recruitment & Retention S rvey showed that where a worker l aves an organisation the average cost of r cruitment is £4,333 rising to £7,750 wh re other cost (such as training) are ncluded. Staff retention and creating a g od working environment is key. A n mber of other studies have tried to stimate the returns on health spending for st ff. The IHPM Health at Work s rvey suggested that health promotion programs r turn £3.73 in work performance gains for very £1 invested. The Government's Health W rk and Wellbeing survey in 2006 l oking at 14 evaluation studies concluded th t health promotion measures led to a 12 to 36% r duction in sickness absence leading to a s ving of 34% in absenteeism costs.
The article Fatigue - the Cost of UK Stress & Absence was Submitted by Marcus De Guingand through Articles.GetACoder.com network. Here's the additional information: Marcus de Guingand is the M naging Director of MetroNaps UK http://www.metronaps.uk.com MetroNaps is a leading Fatigue Management Solutions provider to the public and private sectors. We offer a range of products and services from assessments, education, consulation and installation of equipment all of which are designed to help your people beat fatigue and perform at their best all day every day. Fatigue is the greatest killer of productivity of modern times and workforce fatigue is endemic in the developed world. Represented across 4 continents MetroNaps is the ideal partner to your business. Visit our website ( http://www.metronaps.uk.com ) to understand how we can help you significantly improve productivity and work-life balance.
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