Fixing Britain's worklessness crisis will cost employers £6B a year
9 days ago
- #government policy
- #workplace health
- #economic inactivity
- Employers need to spend £6bn annually to support staff health and tackle worklessness.
- Charlie Mayfield's report calls for a fundamental shift in workplace health responsibility.
- 9 million working-age adults are economically inactive, with 3 million due to long-term sickness.
- The cost of health-related economic inactivity is £85bn annually to the UK economy.
- A new approach is needed, sharing responsibility between employers, employees, and the government.
- Potential economic benefit of £18bn per year if recommendations are implemented.
- 60+ employers, including British Airways and Tesco, will trial Mayfield's recommendations.
- Businesses may face costs of £5-15 per employee per month for improved occupational health.
- Recommendations include tax incentives for businesses investing in workplace health.