Latest news with #HumanCapitalReview
News24
6 days ago
- Business
- News24
This flu season, keep your employees safe and prevent your business from falling ill
As early as April, the dreaded 2024 influenza season will start, reaching its most severe period generally between May and August1. Besides the physical symptoms and risks that flu poses to the general population, especially those people in higher risk groups, the cost of influenza on businesses can be significant, impacting productivity, employee absenteeism, healthcare expenses, and overall profitability2. Despite an effective influenza vaccine having been available for many years, flu continues to cause significant morbidity and mortality both in South Africa and worldwide1, and has a detrimental effect on businesses, both directly and indirectly2. Statistics released by Human Capital Review estimate that absenteeism could cost South Africa as much as R19.144 billion annually3, with flu accounting for 4.5 million days of absenteeism from work every year2. Office environments have many so-called 'flu hot spots', including the elevators, stair railing, bathroom door, printers or even the kettle or fridge. Flu spreads easily from person to person through droplet distribution when an infected person sneezes, coughs, or through hand-to-hand contact. In a work environment, where people are in close contact with each other, it is more likely for the flu virus to spread and infect other people too, who in turn can pass their flu onto their families and other people they come into contact with4. This is becoming even more relevant as many workers return to the office post the COVID pandemic, with 76% of local CEOs preferring workers being back in the office full-time5. According to the National Institute for Communicable Diseases, seasonal flu results in between 6 000 and 11 000 people in South Africa dying as a result of complications every year6. High risk individuals are also more at risk come flu season, and include the elderly, pregnant women and people with chronic illnesses such as diabetes, lung disease, tuberculosis and heart disease6. With businesses in South Africa already faced with numerous challenges including loadshedding, rising inflation and high energy prices7, making the flu vaccine available to employees or implementing a corporate flu vaccine programme not only benefits your business, but is an important step towards protecting the health and safety of your employees8. In fact, vaccinated employees can serve as a barrier to limit the spread of influenza and can reduce the transmission rate by as much as 78%8. Besides being vaccinated, which is the most effective way to prevent flu8, anyone who suspects they have flu should stay home from work at least 4-5 days after the onset of symptoms, and are at their most contagious during the first 3 days of their illness9. The flu vaccine, although not 100% effective, remains the best available form of protection against influenza1. Those who have been vaccinated will also experience reduced symptoms, fewer visits to the clinic or doctor, reduced sick leave, as well as prevent flu-related hospitalisations6. Companies are urged to consider implementing a company vaccination programme as this is the most effective pre-emptive measure to protect your business, and your employees, this winter8. References: 1. National Institute for Communicable Diseases. Flu Season is Around the Corner (2019) at (website accessed on 30 January 2024) 2. Tempia, S et al. Health and economic burden of influenza-associated illness in South Africa, 2013-2015. Influenza Other Respir Viruses. 2019 Sep; 13(5): 484–495 at (website accessed on 11 December 2023) 3. The True Cost of Absenteeism in the workplace. People Factor Magazine (2022) at ( (website accessed on 11 December 2023) 4. Flu or Cold? Genesis Medical Scheme (2016) at (website accessed on 15 February 2024) 5. KPMG - CEO Outlook South African edition: Potential growth in uncertain times (2022) at (website accessed on 15 February 2023) 6. National Institute for Communicable Diseases. Influenza Season Approaching (2018) at (website accessed on 30 January 2024) 7. International Monetary Fund. South Africa's Economy Loses Momentum Amid Record Power Cuts (2023) at (website accessed on 11 December 2023) 8. Verelst, F. Science Direct. Workplace influenza vaccination to reduce employee absenteeism: An economic analysis from the employers' perspective (2021) at (website accessed on 11 December 2023) 9. Centers for Disease Control and Prevention. Preventing the Spread of Flu in the Workplace (2021) at (website accessed on 15 February 2023)
Zawya
18-03-2025
- Health
- Zawya
Human Capital is Key to Reducing Poverty and Boosting Development in Guinea-Bissau
Some of the key findings from the Human Capital Review, a new World Bank report, highlight that strengthening human capital is crucial for reducing poverty and fostering long-term sustainable growth in Guinea-Bissau. Investments in health, nutrition, social protection, and education are key to enabling individuals to reach their full potential as future workers and contribute to the country's economic growth. 'The Human Capital Review provides a critical assessment of the current state of human capital in Guinea-Bissau, identifying gaps and offering key insights to inform the government's development policies and align our operations to the country's needs,' said Rosa Brito, World Bank Group Resident Representative in Guinea-Bissau. 'This study outlines the need for more investments in health, education, and social protection to strengthen human capital in Guinea-Bissau. In response, the World Bank has approved a $20 million project to drive progress in these critical sectors, laying the groundwork for sustainable development and poverty reduction.' Human capital comprises the knowledge, skills, and health people accumulate over their lives, enabling them to realize their potential as productive members of society. In Guinea-Bissau, cross-cutting constraints such as climate challenges, gender disparities, and fragility hinder the strengthening and preservation of human capital. Some of the report's recommendations include improving access to quality health care to decrease the high maternal and neonatal mortality rates; improving nutrition for pregnant women and children under the age of five to prevent negative effects on their physical and cognitive development; expanding access to quality basic education; establishing a social protection system to support the poor and vulnerable population; and developing economic inclusion measures to support unemployed educated youth. The report also advises Guinea-Bissau to reactivate the National Council for Social Protection to facilitate strong coordination among stakeholders; increase local and community participation in service delivery; and establish a national social registry. Read and download the report here. Distributed by APO Group on behalf of The World Bank Group.
