Last year, German companies spent an extra double-digit billion to continue paying the salaries of sick employees. This is indicated by an as yet unpublished study by the German Institute for Economics (IW), which is available to the Rheinische Post newspaper.
According to a study by the German Institute for Economics (IW), companies spent at least 87 billion euros last year in the form of ongoing salary payments, ten billion euros more than in 2021 .
According to the Rheinische Post, “due to the increase in sick leave, a significant increase should be expected in 2022,” says the IW journal. According to the study, the cost of continuing to pay wages last year could even exceed 90 billion euros.
Sick leave hit a record high in 2022, after declining in the previous two years due to the pandemic and hygiene rules. According to the Robert Koch Institute, one in ten inhabitants of Germany was sick in December – RS viruses, rhinoviruses and influenza viruses were rampant.
According to the IW study, in addition to Covid-19, the total number of respiratory illnesses, including the common flu, contributed significantly to the high incidence. Citing research carried out by the umbrella organization of company health insurance funds, it is said that the incidence rate has increased by around 30% compared to the previous year. The share of respiratory diseases in the total number of work stoppages in 2022 was 23%, or “more than double the figure for 2021”, quotes RP.
Recently, the Kiel Institute for the World Economy (IfW) already presented a study on the economic consequences of a large number of work stoppages. According to the study, the costs to the German economy last year ranged from 27 billion to 42 billion euros.
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