Work out productivity loss from illness instantly with clear inputs, formula shown and shareable results.
Applies the human capital approach: working days lost are valued at daily output, counting only cases among people in employment.
Human capital approach
Loss = cases x employment share x days lost per case x daily output per worker; full-time equivalents = days lost / 250 working days
The friction cost method counts only the period until a replacement worker is productive, giving much lower estimates.
No. Reduced productivity while at work is a separate and often larger component.