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Employee absence costs money. Either you need to employ temporary staff to make up the shortfall, or productivity decreases.
Companies and other organisations tend to report an absence rate of around 5%. In other words lateness, sickness, etc costs, on average £4.57 per employee per day!
This figure is based on 2008 information from the National Statistics Office. See our return on investment calculator to see what the figures are likely to be for your organisation (click on the 'Find out more' button to the left).