Even when it comes to health, cost benefits can still be a significant business consideration when it comes to management and intervention.
We carried out an industry-wide report that revealed the cost of sick leave to be around £316m each year. Currently rail companies combined spend in the region of £24m a year on occupational health to tackle work-related health issues. This suggests that for every £13 lost to sick leave, only £1 is spent on supporting health.
In response to these findings we have created a Cost Benefit Analysis Tool. This works out the cost of ill health to an organisation, and how much they could save if they introduced different health services.
Read our advice on making business cases for improving health and wellbeing in your organisation.