Employers Face £85bn in Costs Linked to Ill-Health Crisis
Without a fundamental change from businesses, an additional 600,000 people could leave the workforce due to sickness by 2030, according to the Keep Britain Working review.
Key Findings from the Keep Britain Working Report
The report, led by former John Lewis CEO Sir Charlie Mayfield, highlights the growing issue of ill health in UK workplaces and critiques the current approach.
"The current model leaves individuals and the NHS to tackle the rising tide of ill health in workplaces."
It stresses that sickness should become a shared responsibility among employers, employees, and health services to effectively address the problem.
Financial Impact on Businesses
- Businesses face annual costs estimated at £85 billion due to illness-related issues.
- The report warns that without employer leadership in this area, workforce participation will decline significantly by 2030.
Call for a Fundamental Shift
The study urges companies to adopt new strategies focusing on prevention and shared responsibility to mitigate the impending workforce and financial challenges.
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