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Employee absences costly for employers

Disability absence costs due to injury or illness could cost companies with 1,000 workers more than $3 million a year, according to a survey by Hewitt Associates.

Its Disability Absence Index Survey 2007 finds that organizations don’t have data regarding duration, frequency or cause of disability absence readily available.
Or where data is available from third parties, firms might not be accessing it, collecting it, and/or analyzing it to develop strategic plans to address disability absence.

Without that data, it can be hard for human resources to make the business case for disability management or wellness programs.

Where disability management or wellness initiatives have been implemented, they are not being used to their full potential.

Fifty-seven Canadian companies, representing 286,467 employees took part in the survey.

Source: www.benefitscanada.com – Craig Sebastiano

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Silverberg Group specializes in employee benefits consulting for companies of all sizes, and is Alberta owned & operated. From employee benefits programs to executive packages, we translate industry information into innovative options and solutions that best suit your organizational goals. Since 1996, over 800 clients have put their confidence in our industry expertise and our exceptional service. Let us become part of your company’s human resources team.

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