One in seven (70%) of respondents are not confident about the accuracy of their employee absence data, according to research by Aon Hewitt
Its Employee Benefits and trends survey, which questioned more than 340 benefits and HR professionals, found that 6% of respondents reported ‘low’ confidence in the system or method used, while 80% said they do not calculate their total cost of employee health.
Stephen Hackett (pictured), head of health and risk at Aon Hewitt, said: “Organisations are under increasing pressure to demonstrate value and return on investment (ROI) in all areas of their operations, and accurate data is crucial to this.
“Employers need to to prioritise the areas of highest importance and they need to know from where they are starting, in order to measure tangible improvements.
“However, with only 30% of respondents reporting high confidence in their absence data, and just 20% measuring their total cost of employee health, the desire to measure the ROI of health initiatives is being derailed by poor data.
“Absence management and employee health approaches have developed hugely in recent years. It is now affordable for even the smallest organisations to measure employee health cost-effectively.
“The desire to do this is evident among the UK’s employers; they just need the data to support them.”