In the last 22 months, workers' pandemic-related absences have cost employers more than $78.4 billion — nearly $1 billion each week — according to a Dec. 20 analysis from the Integrated Benefits Institute. — Construction Dive
The Integrated Benefits Institute used data from the U.S. Bureau of Labor Statistics along with its own dataset to analyze disability wage payments, state disability insurance, sick leave wages, and employee benefits for its calculation. The states of California, Texas, New York, along with the metropolitan areas of New York City, Los Angeles, and Chicago exhibited the highest lost work time.
Construction Dive notes that many costs due to the pandemic lie in more intangible areas that aren’t as easy to track. This includes productivity issues due to increased levels of stress, which can take away time spent on work. One suggestion made is for employers to emphasize and implement preventative mental health care in order to assist individuals before conditions become severe.
No Comments
Block this user
Are you sure you want to block this user and hide all related comments throughout the site?
Archinect
This is your first comment on Archinect. Your comment will be visible once approved.