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While offering health coverage and benefits for employees and dependents is a major business expense, lost productivity due to physical and emotional health problems can be far more costly for employers. Here are some ways to reduce health-related productivity costs.<\/p>\n
Lost productivity is classified in two ways: presenteeism and absenteeism. While absenteeism means that the employee is physically not at work, presenteeism is when an employee is physically at work but a physical or mental health condition negatively affects their work quality and quantity. Employers spend two to three dollars on medical-related productivity costs (presenteeism) for every dollar spent on pharmacy and health care costs.<\/p>\n
Presenteeism can have many negative effects on your workforce, including:<\/p>\n
To reduce productivity costs in your workplace, consider the following:<\/p>\n
If you do not address your employees\u2019 health care needs, your workplace is far more likely to experience the negative effects of both absenteeism and presenteeism. However, if you can commit time and funds to help your employees improve their health, you will reduce medical and pharmacy costs and increase worker productivity.<\/p>\n
\u00a9 2025 Zywave, Inc. All rights reserved.\u00a0<\/em><\/p>\n For an organization of any size, its heart is its people. Creating a benefits strategy<\/a> that meets the needs of employees is one of the most important investments you can make.<\/p>\n There is much to plan, consider, and execute when designing a benefits plan for your business. Don\u2019t go it alone. Let the GTM Insurance Agency<\/a> help you create and implement a competitive, customized, and cost-effective benefits package for your employees while reducing the burdens and costs of managing benefits on your own.<\/p>\n We craft customized plans that align with your needs and goals, which means happier, more productive workers. It\u2019s coverage that will work for you and your employees without the stress and hassles of trying to do it all yourself.<\/p>\nGTM is Your Partner for Employee Benefits Design<\/h2>\n