strait definition: The definition of a strait is a difficulty or a hard situation. (noun) An example of a strait is a poor family being in âdire straits.â...
1. The cost of presenteeism has now surpassed the cost of absenteeism. Presenteeism, which refers to sick employees who come to work instead of staying at home, now surpasses $180 billion annually.Absenteeism, where the employee does not report to work, costs $118 billion annually and medical expenses and lost productivity.Employee illness can be grouped into five different categories.bsenteeism, where the employee does not report to work, costs $118 billion annually and medical expenses and lost productivity. Employee illness can be grouped into five different categories.
4. The cost of presenteeism Presenteeism is an ongoing problem for the Australian economy. The impact of presenteeism far outweighs the cost of absenteeism. The economic cost of presenteeism The overall cost of presenteeism to the Australian economy in 2009/10 was $34.1 billion (Figure 1).This equates to a decrease in gross domestic product (GDP) of 2.7% compared to the âno presenteeismâ scenario.his landmark report and study revealed that in 2005/6 the cost of presenteeism to the economy was estimated at $25.7 billion, nearly four times the cost of absenteeism.Four years on, Medibank has revisited this research to assess the current state of presenteeism.