Friends Prov tool targets £16.8bn absence cost

The tool will enable employers to monitor absence trends and calculate how much employee absence is costing them. It is free to all new and existing group income protection policyholders as part of the provider's employer assistance programme that was launched in June, and includes reporting tools which evaluate absence by department, reason and days of the week while also containing a cost of absence calculator. Declan White, group risk marketing manager at Friends Provident, explains how the system is aiming to tackle the spiraling cost of absence to the UK economy, estimated by the...