ACTION NEEDED TO COMBAT PRODUCTIVITY LOSSES DUE TO SICKNESS ABSENCE
November 1st, 2017
SINGAPORE’S HR sector needs to plan ahead to beat an estimated productivity loss of SGD3.3 billion (USD2.43 billion) by 2030 due to sickness absenteeism among its workers, experts have warned.
This estimated loss is 43% more than the productivity loss in 2016 because of sickness absenteeism in Singapore, according to an October 2017 study entitled ‘Aging Workforce: Cost and Productivity Challenges of Ill Health in Singapore’ compiled by New York-based HR consulting firm Mercer together with New York-based professional services company Marsh & McLennan ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.