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.
This 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.t was revealed that presenteeism is a long-term issue and will continue to have a negative effect on the economy. Indeed, in 2050, the total cost of presenteeism is estimated to rise to $35.8 billion worth of Australiaâs 2009/10 GDP â equating to a decrease in GDP of 2.8%.