Work out absenteeism cost from disease instantly with clear inputs, formula shown and shareable results.
Multiplies headcount, working days and the absence rate to give days lost, then values them at the daily cost of an absent employee.
Absence cost
Days lost = employees x working days x absence rate; cost = days lost x daily cost per absent employee
Around 2 to 4% of working time in many advanced economies, higher in shift-based and frontline sectors.
Yes if agency or overtime cover is used; the daily cost should reflect salary plus replacement cost.