The longer it takes for individuals to receive care, the longer it can take for employees to return to health. That’s why it’s so important for employers to take proactive steps to ensure healthcare is both accessible and affordable for their employees. And the more tailored and personalised it is, the better.
The healthcare challenges identified in this report pose a number of risks for employees and businesses alike, including:
- A drop in employee health and wellbeing: Poor physical health can have a direct impact on an employee’s mood, concentration levels and ability to live a full and rewarding life outside of the office. If left unchecked for extended periods of time, these medical concerns can become more serious and costly to treat, potentially extending an individual’s recovery timeline, too.
- A rise in absenteeism and presenteeism: If health concerns are left unaddressed, businesses may notice a rise in employees taking unexpected time off. Along with absenteeism, poor physical health can lead to increased presenteeism, with team members no longer meeting deadlines, collaborating effectively with team members or performing at their best
- A decline in productivity levels: At an organisational level, poor access to timely healthcare support can cause a ripple effect that can prevent teams from reaching their productivity and financial targets.
In dollar terms, presenteeism has been estimated to cost the Australian economy $34 billion a year through a loss of productivity. Some studiessuggest that presenteeism costs up to 1.7x an affected employee’s wage.
However, employers can play a powerful role in improving their team members’ access to healthcare and medical support. By rolling out access to an employee health advice service, employees can avoid the long waiting lists for GPs or the hefty out-of-pocket costs associated with a doctor’s visit.
In fact, the best providers will offer 24/7 medical advice for employees to reduce the potential impacts of ill health on staff and teams.