Health and Business Investment
Concern for your team’s health shows you are altruistic and wish the best for others. This attitude can increase the team’s motivation and productivity. However, what does it do for your business? Let’s roll through some numbers to show some of the savings from keeping your project team healthy.
If each team member is paid $40 per hour and they are each sick for two days, $640 dollars of salary is paid for no work (if they have the time off accrued, otherwise you are still investing that money in any contracts where you would not getting reimbursed). That may not sound like that much, but what is more revealing is the impact on the project and the team.
Let’s say that the ailing individual is in charge of the electrical connections for the project and he is the only one that can do that. This means that other project team members cannot get their work done and may have to remain idle for the period that the electrician is sick.
If the team is composed of 10 people and eight of them are dependent on the electricity, and they all earn $40 per hour, you now have sacrificed a total of $5760.
Let’s go one step further. If the person that is sick was incubating during the time before they were sick and it is contagious, you may have others that will get sick shortly thereafter and bring that cost up even higher. This cost does not count supplies and materials that will remain in inventory, as well as the project stakeholder who will be undoubtedly hovering to get the project complete.