Your company health report
Your report includes a detailed analysis of employee productivity, sickness absence, company health risks, key person risks and pregnancy, alongside financial impact and opportunity
We’ve identified health risks, with a potential financial risk of £ and a financial opportunity of £, if improvements in employee health are made. Here are the details.
Productivity
There is a growing body of evidence supporting the link between greater wellbeing at work (including physical and mental health) with increased productivity. A healthy workforce is a more productive workforce, and a more productive workforce has a positive impact on a company’s revenue.
Your company revenue in 2017 was:
Your revenue per employees was:
Your revenue per employee hour was:
The average revenue per employee hour for your industry is:
%
UK average
Potential revenue growth opportunity from improved employee health and productivity
Your revenue of £ per employee hour is % average
A 5% improvement in productivity per employee would increase revenue by:
£
A 10% improvement in productivity per employee would increase revenue by:
£
This report is an estimated report based on some accurate data and a number of assumptions and averages. We would recommend creating a more accurate analysis before taking any action based on this report. Our workings and data sources are explained below:
(A) Revenue per employee hour = (Your company revenue/number of employees)/UK average working hours per employee.
(B) To attain your industry average revenue per employee hour we use your SIC code from Companies House and match that to the ONS (Office for National Statistics) database.
(C) We then use (A) and (B) to calculate the % above or below average.
(D)The 5% or 10% improvement in productivity is indicative only, rather than predictive at this stage.
The effect of poor health on employee productivity
Health and productivity
% of employees affected
Low physical activity is associated with poor overall health and musculoskeletal problems
Around 39% of adults in the UK are failing to meet Government recommendations for physical activity. Low physical activity is associated with poor overall health and musculoskeletal problems, which reduces workplace performance. Lost productive time due to missed workdays or reduced productivity while at work due to poor health, results in a substantial cost to employers.
Source : BHF physical inactivity report 2017
39%
Poor mental health can significantly contribute to reduced workplace performance
A staggering 84% of employees have experienced physical, psychological, or behavioural symptoms of poor mental health where work was a contributing factor. Poor mental health can contribute to poor work performance and low productivity.
Source : Deloitte: At a tipping point? Workplace mental health and wellbeing, March 2017
84%
Poor diet is associated with low energy and concentration levels
Only 26% of adults in the UK are consuming the national recommendations of at least 5 portions of fruit and veg a day. Improvements in diet can help to increase energy and concentration in employees, aiding higher productivity.
Source : HSE: Fruit and Vegetables
26%
How we can help
LiveSmart Health Plans review an employee’s current health and provide advice and support to help them make long-lasting improvements to their overall health. By making changes to diet, exercise and sleep, employees will should see improvements in their performance and productivity.
Sickness absence
Sickness absence costs the British economy an estimated £18 billion in lost productivity (Personnel Today ), with the number of days lost to sickness per worker on average being 4.1 days. (ONS: Sickness absence in the labour market: 2017 ). Better employee health could further reduce sickness absence and in doing so, increase productivity and revenue.
Average employee sickness cost per day:
£
The average number of sick days per employee for your industry is:
days
Total revenue loss due to sickness absence is:
£xxx
The increasing financial impact of sick days per employee
This report is an estimated report based on some accurate data and a number of assumptions and averages. We would recommend creating a more accurate analysis before taking any action based on this report. Our workings and data sources are explained:
1. Your employee sickness absence cost per day = Average employee salary per day + Lost revenue per day
2. Average employee salary per day = hourly rate for industry * 7.5
3. Lost revenue per day = Revenue per employee hour * 7.5
4. To attain your average number of sick days we use your Companies House Sic code to look this up on the ONS(Office for National Statistics website)
5. The increase or decrease in days is an indication as to what could happen and the subsequent costs or savings you could make.
Reasons for sickness absence at work
Sickness and absence
% of employees affected
Minor illness (coughs and colds)
The main reason for sickness absence in 2017 was due to minor illnesses (mainly common colds and coughs) which accounted for 26.1% of total work days lost. A stronger immune system, gained through a healthy lifestyle (including nutrition, physical activity and sleep) can help prevent coughs, colds and flu, reducing the risk of revenue and productivity loss due to sickness absence.
Source: ONS: Sickness absence in the labour market: 2017
26.1%
Mental health (stress, anxiety, depression)
Mental health conditions (including stress, anxiety and depression) along with other health conditions (such as time off for diabetes, infections) were among the most common cause of sick days taken, accounting for 10.9% of days taken in 2017.
Source: ONS: Sickness absence in the labour market: 2017
10.9%
Musculoskeletal problems
Musculoskeletal (MSK) problems accounted for 21.5% (28.2 million days) of sick days taken in 2017, the second most common reason for sickness absence. MSK can be caused by physical inactivity. Increases in physical activity can reduce the risk or improve the symptom of MSK issues, subsequently reducing the number of MSK related sick days.
Source: ONS: Sickness absence in the labour market: 2017
21.5%
How we can help
LiveSmart Health Plans review an employee’s current health and provide advice and support to help them make long-lasting improvements to their overall health. This includes improving health through positive lifestyle changes, helping to reduce minor ailments, MSK and mental health issues, to reduce workplace sickness and absence.
Your company health risks
The table below illustrates the estimated health risks of your workforce. Preventing these risks turning into health conditions is achievable through targeted interventions, helping you to avoid increased sickness, presenteeism and low energy levels at work within your company.
Conditions
Directors
Senior Management
Other Employess
Cardiovascular disease
/
/
/
Diabetes
/
/
/
Hypertension
/
/
/
Mental health conditions
/
/
/
Musculoskeletal conditions
/
/
/
Total health risks
/
/
/
This report is an estimated report based on some accurate data and a number of assumptions and averages. We would recommend creating a more accurate analysis before taking any action based on this report. Our workings and data sources are explained:
To calculate health risks we use the LiveSmart employee health database to give us population averages. We then use seniority level as a proxy for age to calculate risk per age group. The age groups are as follows:
Director = 50+
Senior Manager 35-50
Employee: 18-35
To get a completely accurate analysis for your company we would need to run health assessments for all of your employees.
Health risks and the workplace
Source: BHF UK Factsheet August 2018
Source: Diabetes UK, February 2018
Source: GOV.UK, Health matters: combating high blood pressure, January 2017
Source: HSE, Health and safety at work, 2016
Source: HSE, Health and safety at work, 2016
How we can help
LiveSmart Health Plans review an individual’s current health and provide advice and support to help them make long-lasting improvements to their overall health. This includes improving health through positive lifestyle changes, helping to reduce minor ailments, MSK and mental health issues to reduce workplace sickness absences and improve performance and productivity.
Key person risk
Losing key members of your workforce due to illness has a financial impact on your business including sick-pay, recruitment costs and intellectual capital. Identifying and managing health risks of key personnel before they become a problem could help your company to make substantial savings.
£
Loss of a
Director
£
Loss of a Senior
Manager
We have used Office for National Statistics data on long term sickness absence by age to estimate the number of employees at each level that may be off work for an extended period of time. We have calculated the director and senior manager risk based on the assumption that:
Director risk = 3 x employee yearly revenue
Senior Manager risk = 2 x employee yearly revenue
Employee revenue is taken from the productivity section
Key person health risks
Health risk
% of executives affected
Increased risk of diabetes, high blood pressure and raised cholesterol
Over half of senior level employees have a high body mass index (BMI), scoring over 25 on the index, increasing their risk of developing high blood pressure, raised cholesterol, diabetes and some cancers. LiveSmart can help individuals to make improvements to their diet and exercise, individuals to reduce their risk of developing disease.
Source : Employee Benefits
61%
Stress, anxiety and depression
Nearly seven in 10 business leaders struggle with stress and managing their emotions in the workplace. LiveSmart Health Plans provide advice and support to help individuals make lifestyle changes to improve stress, anxiety and depression.
Source : HR magazine
67%
Increased risk of high blood pressure
High blood pressure affects more than 25% of UK adults Poor diet, being overweight, having a sedentary lifestyle and lack of sleep can contribute to developing high blood pressure. Key changes to lifestyle can reduce the risk of developing hypertension.
Source : NHS UK
25%
How we can help
LiveSmart can work with directors and senior managers to review their current health and help them to make changes to their diet and exercise, to improve their health in order to reduce instances of stress, anxiety and other lifestyle related diseases such as diabetes and high blood pressure.
Supporting pregnancy in the workplace
LiveSmart helps women to improve their health in preparation for pregnancy. It helps to reduce the risk of pregnancy complications as well as reducing the chances of needing time off due to ill-health during pregnancy.
Supporting employees through conception is not only emotive but it can help to retain staff following their pregnancy.
Key pregnancy facts
How LiveSmart can help
A healthy BMI can improve the chances of conceiving significantly and can reduce miscarriage rates.
Source: NICE Guidelines “Weight management before, during and after pregnancy”, July 2010
LiveSmart can offer advice and support tailored around weight loss or gain to encourage a healthy BMI to help improve chances of conceiving.
Alcohol consumption during pregnancy can cause miscarriage and stillbirth as well as range of physical, behavioural and developmental issues for your unborn child. The safest approach to women planning a pregnancy is to avoid drinking alcohol.
Source: Alcohol and pregnancy
LiveSmart Prepare Plans review current alcohol intake and support individuals to reduce their intake and ideally quit before conception.
An underactive or overactive thyroid can impact energy levels and weight management. More importantly thyroid dysfunction can affect your fertility and therefore your chances of conceiving.
Source: British Thyroid Foundation: Pregnancy and fertility in thyroid disorders
LiveSmart Prepare Plans include thyroid stimulating hormone (TSH) testing which looks at thyroid function.
Folate and Vitamin B12 are two extremely important nutrients for the development of a baby and most people don’t know whether they get enough.
Sources : Vitamin B12 Insufficiency and the Risk of Fetal Neural Tube Defects and Plasma folate levels and risk of spontaneous abortion
LiveSmart Prepare Plans test levels of folate and vitamin B12 and advises individuals on the correct supplementation to reduce risk of neural tube defects.
Your company health summary
Staff
Health Risks
We’ve identified that your staff could have health risks.
Your financial risk
Your estimated financial risk due to sickness absence and key person risk is:
£ per year
Your financial opportunity
Your opportunity to increase revenue through productivity improvement and a reduction in sickness absence:
£ to £
The solution
LiveSmart health plans are proven to help employees make improvements to their health*
Key health improvements
Average improvement on LiveSmart Health Plan
Exercise
+48% improvement in high intensity exercise
Nutrition
+35% increase in fruit and veg consumption
Mental Health
+24.8% increase in vitamin D levels
Musculoskeletal
14.8% improvement in overall health
*Source: Universal Music Group employees significantly improve their health with LiveSmart
LiveSmart Health Plans range from £59 to £499 per employee. Contact our health consultants for a customised quote based on your company requirements.