The cost of illness to New Zealand employers is likely to be more than $1,500 per employee or over $2 billion across the whole workforce, according to research conducted by TNS Conversa, Jan 2009. 1
Have you ever stopped to think how much absence or ‘unplanned’ leave is costing your organisation each year? Use the calculator below to find out the impact absence may be having on your business.
Before you start, it would be helpful to have the following data from your organisation: total headcount, average number of days lost to absence per FTE and average annual salary.
1. Based on statistics from Statistics New Zealand; the cost of 'Presentee' days are estimated at 50% of the employee's costs for a full day (average 7.5 hours at $24 per hour).