According to a new study, private businesses in the UK lose around £3.1 billion each year as a result of long-term sick leave.
This rises to around £6.5 billion when public sector organisations are included in the figures.
The study was conducted by the Centre for Economics and Business Research and has also revealed that organisations with more than 500 employees lose an estimated £620,000 per annum because of long-term sickness absence.
By using LeaveMaster in conjunction with the Bradford Factor, you can tackle the costly problem of absenteeism in your organisation.
Find out more about tackling absenteeism.