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3 Critical Ways Poor Health Can Affect Your Business
Due to the fast-paced nature of industry and business, health is an aspect that is usually put aside until things are out of hand. However, optimal health is required for a business to survive. Additionally, healthcare spending is likely to rise by 5%, making it more important to discuss this. As long as people work and are likely to suffer ill health, it makes it vital to know about the repercussions on the business. Below is a discussion on some effects worth knowing.
- Time and resources wastage
Although people genuinely fall ill for many reasons, it doesn’t take away from the fact that it has adverse effects on work. More often than not, the impact is on time and other resources. For example, assuming you had an employee who has been taking prescribed Zantac for a while to treat heartburn, only to suffer even worse effects from the drug, the impact on work cannot be overestimated. First of all, apart from the time this employee would ask to be away seeking treatment, they may need even more resources to seek legal redress from legal experts like Rosenfeld Injury Lawyers.
Time away from work automatically means that available employees may have to double up their responsibilities to ensure nothing is missed. Indeed, this can be stressful and uncomfortable if it continues without any backup plan. For a company, resource wastage can be interpreted as paying a sick employee their full salary even while they were away on sick leave. In other words, you are paying an employee for work not done, which can be counterproductive for business.
- Delayed project delivery caused by absenteeism
Almost every time, businesses run single or concurrent projects. As expected, there may be deadlines to meet and client meetings to finalize the deal. However, delay can set in when absenteeism of your key employees becomes habitual. Indeed, ill-health may be through no fault of theirs, but the impact on work is a reality that needs to be addressed. The truth here is that a delayed project can affect profitability, which could affect business image and reputation.
This is why every business establishment is responsible for ensuring that its directly responsible members for crucial projects continue to be in excellent health. This tends to be a focus area that many well-established companies pay critical attention to. By taking care of the team members, you can cut back on the incidences of delayed projects caused by ill-health.
- Minimal productivity
Usually, productivity is measured by the positive impact of input on output. Unfortunately, with ill health, the input can be significantly affected, leading to minimal productivity. Some may argue that minimal productivity is better than nothing at all. However, the debate here focuses on the effects of running below your usual performance and its influence on the business’s earnings. No business likes to record persistent low productivity. Unfortunately, that happens when you have high numbers of employees missing work due to ill health. This is why several successful businesses in the US encourage frequent health checks and early treatments to reduce the chances of a mild illness getting out of control.
To conclude, health impacts work and vice versa. Therefore, you may want to consider emphasizing balance while making an effort to reduce stress and burnout.
