Flu costs the British economy £1.35 billion
By David Woods Tuesday, 19 October 2010
The flu will cost UK employers 7.6 million working days this year, according to experts.
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- Doctors can be an exception to the Working Time rules
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- Government must help SMEs cope with swine flu, says Federation of Small Businesses
- British Chambers of Commerce to host swine flu interactive web seminar
- Swine flu mass staff absence could relieve companies of their contractual obligations
- Swine flu call-centre to open in London offering 800 temporary jobs - including HR roles
- Swine flu absence set to cost business £8.6 billion
- Swine flu: Employers could face fines for not protecting staff from the virus
- CIPD backs plans to allow staff with swine flu to self-certificate for up to 14 days
- Health and wellbeing: Healthcare provision - Healthy competition
- One in 10 employers still not prepared for swine flu
- Don't panic over swine flu, TUC boss warns
- How should HR departments handle fears of a swine flu pandemic?
- Employee who may have been in contact with swine flu is asked to work from home
- EXCLUSIVE: Huge numbers of companies keen to get hold of swine-flu, anti-viral medication for staff
- Increase in numbers calling in sick with coughs, colds and flu following swine flu pandemic reports
- Employee Benefits: Global differences
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The Co-operative Pharmacy has reported flu costs the British economy £1.35 billion and a survey of more than 3,000 people by the pharmacy revealed last year that it accounted for the most number of days lost (1,141) among short-term illnesses.
According to the CBI, there were 180 million sick days taken in the UK last year costing employers around £17 billion. But while seasonal illness has an impact on the bottom line for businesses, the Co-operative Pharmacy has warned it can have a more detrimental impact on the 3.9 million self-employed who do not benefit from statutory sick pay.
Fiona Caplan-Dean, clinical services manager at The Co-operative Pharmacy, said: "Normally only at-risk groups are offered the vaccination by the NHS but as a co-operative business we believe that everyone should have the opportunity to take preventative measures against the virus to minimise the impact on their business. For some people, having a flu vaccine can help to protect their livelihood in these difficult financial times. It can also help to reduce the chances of passing on the virus to family and friends."
"For most flu sufferers symptoms will last for around a week, but tiredness can continue for much longer and this, in turn, can reduce productivity and lower customer satisfaction. Missed meetings that disrupt work schedules during short-term illness can also have a knock-on effect for the wider workforce, for example, low morale. The cost of sickness for employers therefore, is more than just statutory sick pay, but if you are self-employed the consequences can be more far-reaching."
The Co-operative Pharmacy has launched a two-pronged flu service, which offers on-site vaccinations to businesses with more than 100 employees, or in-branch vaccinations by trained professionals at key pharmacies around the UK.










