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Singapore productivity loss due to sick leave may hit S$3.3b by 2030: Mercer study

Ageing workforce, medical cost inflation are projected to drive up average medical costs

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Published Wed, Oct 25, 2017 · 09:50 PM

    Singapore

    SINGAPORE productivity loss due to sickness absenteeism may reach S$3.3 billion by 2030, says Mercer in a study released on Wednesday.

    The study reveals that an ageing workforce and medical cost inflation in Singapore are projected to drive up average medical costs per employee by 108 per cent to S$1,973 per year in 2030, representing a mounting financial burden for employers.

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