Rapid Reads News

HOMEcorporatetechentertainmentresearchmiscwellnessathletics

Rising Sick Days Are Costing Europe Billions Every Year

By Ott Ummelas

Rising Sick Days Are Costing Europe Billions Every Year

For businesses in Norway, illness is becoming an increasingly trying problem. Workers take more sick days than anywhere else in Europe and absences are at the highest level in 15 years.

As companies struggle with chronic shortages, critics blame an overly generous welfare system, where spending on health-related benefits outranks other developed nations. The IMF calls it "costly and distortionary" and says that reform should be a priority. Workers get their full salary for a year, with a cap at somewhat higher than the average wage, and then two thirds of former income after that.

Previous articleNext article

POPULAR CATEGORY

corporate

3709

tech

3917

entertainment

4521

research

2079

misc

4613

wellness

3701

athletics

4617