Sickness costs businesses billions of dollars each year


Catching the flu could cost you money if you have to miss work, but it also costs U.S. businesses billions of dollars each year.

According to Business and Legal Reports, the common cold alone costs businesses an estimated $25 billion dollars in decreased work productivity.

Financial adviser Jason Haswell said this loss is two-fold.

Money is lost when employees call off sick, but they also tend to complete less work if they do come to work while feeling under the weather.

“The problem is if you’ve got three and four and five people out, you’re getting no productivity. Your inflows of revenue are going down, but that outflow of pay is going out. It makes it a little for the bottom line on a balance sheet,” said Haswell.

Employers are encouraged to buy hand sanitizer and sanitizing wipes for office use.

Monday is one of the biggest sick days of the year, but not necessarily because of the flu.

According to an article by USA Today, nearly 14 million people planned to call off Monday following the Super Bowl.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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