New Tool Looks At Employee Absence.(Liberty Life Assurance Company's productivity calculator)(Brief Article)

National Underwriter Property & Casualty-Risk & Benefits Management, March, 2000

Liberty Life Assurance Company, a member of the Liberty Mutual Group, has announced development of the "Lost Productivity Calculator," a Windows-based tool that provides employers with estimates of the cost of all employee absences. While studies have estimated the cost of disability at between 8 percent and 15 percent of payroll, these estimates don't measure the indirect financial impact from reduced employee productivity, said Boston-based Liberty Mutual.

The calculator uses company-specific data to estimate the lost productivity due to short-term disability absences. Factors included in the estimate include: * Number of hours of paid time per employee per year. * Average annual wage cost (including benefits and other overhead). * Planned absences...

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