Whitepaper - Understand the Five Hidden Business Costs of Poor Sleep
September 5, 2023
| Reading time: 🕐 15m
Quality sleep is essential for our overall well-being, and it's equally crucial for businesses. That's why we bring you an in-depth analysis of the five hidden costs associated with poor sleep in the workplace.
Increased Productivity Losses: Lack of sleep can lead to a significant decrease in workplace productivity. Employees who don't get enough sleep perform poorly and struggle to focus on their tasks, resulting in substantial productivity losses for the company.
Higher and More Frequent Disability Leave Costs: Employees suffering from insomnia tend to take more frequent and longer sick leaves. These increased disability leave costs create an additional financial burden for the company.
Rising Replacement Costs in Case of Absence: Due to sleep deprivation, employees are more likely to be absent due to health reasons. This forces companies to hire temporary staff or ask other employees to cover for the absent ones, incurring additional costs.
More Frequent and Costly Workplace Accidents and Errors: Poor sleep quality can lead to costly workplace errors and more frequent accidents. These incidents can result in significant expenses related to repairs and insurance claims.
Prescription Medication Costs: Employees struggling with insomnia may resort to prescription medications to improve their sleep. The costs associated with these medications can add up for the company, especially as more employees may require them.
It's time to consider your employees' sleep. A good night's sleep not only benefits their health but can also translate into significant financial advantages for your company.
Investing in your employees' sleep is an investment in your company's health and productivity. Don't underestimate the positive impact that better nights of sleep can have on your bottom line. Join us in the quest for quality sleep and a thriving business.