Ill behaviour | Sick pay reform could boost UK economy by £3.9bn

Sick pay reform could boost UK economy by £3.9bn

Statutory sick pay reform could boost the economy by a whopping £3.9billion over the next five years, new research has revealed.

Leading benefits provider Unam’s research, conducted by WPI Economics and presented to Parliament today, shows how reforming the UK’s 40-year-old statutory sick pay system could save the Exchequer £1.3billion, in addition to the £3.9billion economic boost.

£5 a month for the first 3 months*

Join our growing community of forward thinking HR leaders and get unlimited access to the full archive, as well as exclusive reports, how-tos, deep dives, and video interviews.

* Billed via Credit/Debit card at £5 a month for the first 3 months, then £27.99 per month.
One time use only. New customers only. Offer expires 11:59PM Sunday 2nd April 2023.

Welcome Back