According to new research published by The Health Foundation, by 2040, there are projected to be 9.1 million people living with major illnesses in England. That's a whopping 2.5 million more than in 2019 and it means that nearly 1 in 5 of the adult population could be affected.
Chronic illnesses can have a substantial impact on employees' productivity and performance, not to mention that businesses have a social responsibility to support and contribute to the well-being of their employees and the broader community.
So, what does this projection mean for your business?
Embrace Challenges, Seize Opportunities
Thanks to advances in healthcare and technology, life expectancy has increased.
However, with age, comes more likelihood of illnesses, which can lead to higher healthcare costs, higher absenteeism, reduced work hours and lower performance levels, that in the end, means a slump in overall productivity.
This demographic shift is having a huge impact on all of us, and the report indicates that we are now facing profound implications for public services like the NHS and social care. As the numbers of individuals impacted by major illnesses continues to grow, it's imperative that businesses step up and take action. The good news is that we can start planning today to help businesses, public services and society navigate this change.
Imagine a future where businesses place employee well-being at the forefront of their priorities. A world where employees are provided with the necessary support to manage their health conditions, allowing them to thrive both at work and in their personal lives.
It's more than just a dream; it's a possibility. The projected growth in illnesses like anxiety, depression, chronic pain, and diabetes doesn't have to be a bleak outlook. In fact, it highlights the need for businesses to step up and invest in employee wellbeing, general practice and community-based services.
Businesses have an opportunity to play an integral role in prevention and early intervention. This means fewer people suffering the impact of illness and more individuals leading healthier, happier lives.
It's a win-win situation: improved employee well-being and enhanced productivity for businesses.
Comments