|
|
Article: Stress And Recession.
- Article from:
- Mondaq Business Briefing
- Article date:
- October 5, 2009
- Author:
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Originally Published on 2nd July 2009
Over 13 million working days were lost in Britain alone last year due to stress related absence and this figure is expected to rise as the economy declines. A survey of absence management conducted by the Chartered Institute of Personnel and Development ("CIPD") in 2008 found stress to be the leading cause of long-term absence in non-manual workers. Nearly a third of organisations responding to that survey reported an increase in stress related absence during 2007. The cost to British business of sickness absence is felt in both financial and human terms; reduced productivity, low morale and poor health. At a time when cost ...