When your top executives miss work, it can hurt your company’s productivity, sales, strategic planning and bottom line.
The Gallup-Sharecare Well-Being Index surveyed 94,000 workers across 14 major occupations in the United States. Of the 77% of respondents who had a chronic health condition (defined as asthma, cancer, depression, diabetes, heart attack, high blood pressure, high cholesterol or obesity), the total annual costs related to lost productivity totaled $84 billion—with managers and executives’ absenteeism costing $57.1 billion.
This Investopedia article details some of the causes and costs of absenteeism, defined as absences not related to occasional sickness, vacations and other personal time. Reasons for absenteeism often include family-related issues, chronic illness and job hunting. "While employers generally expect workers to miss a certain number of workdays each year, excessive absences can equate to decreased productivity and can have a major effect on company finances, morale and other factors," writes Jean Folger.
Executive Health Physicals from Vanderbilt Health can help keep your top managers healthy and identify issues early before they become serious and costly. Learn more by calling (615) 421–0112, emailing employersolutions@vumc.org or visiting the website.
