79 Days of Productivity Lost Due to Health-Related Absenteeism and Presenteeism Per Employee Every Year
Average Monthly Cost Per Organisation Estimated at over HK$3 Million
- 16.0% of employees missed work time due to health problems in the week prior to the survey. An average of 78.5 days of productivity is lost due to health-related absenteeism and presenteeism per employee every year in Hong Kong, much higher than the 69.9 days of other markets in Asia Pacific. The average monthly cost per organisation is estimated at over HK$3 million.
- More than two-tenths (21.6%) of surveyed companies in Hong Kong do not provide any health and wellbeing activities for their employees; the highest proportion among surveyed markets in the Asia Pacific.
- Employees in Hong Kong are most at risk for nutrition in terms of their lifestyle health. Around eight-tenths (79.7%) of interviewees claimed they do not eat a healthy diet, followed by sleeping less than 7 hours per night (44.7%) and having insufficient physical activity (29.6%).
- One in five (21.4%) employees is obese, higher than the 13.6% of other markets in the Asia Pacific. Moreover, over eight-tenths (83.0%) of employees reported symptoms of one or more musculoskeletal conditions, among which shoulder and neck pain are the most common symptoms.
- More than half (57.2%) of employees interviewed are subject to at least one dimension of work-related stress, while more than one-tenth (12.1%) have moderate or severe symptoms of depression.
Poor employee health lowers workplace productivity
According to the Hong Kong findings of the 2018 “Healthiest Workplace by AIA Vitality” survey, 16.0% of employees missed work time due to health problems in the week prior to the survey. The survey analysed and found that the loss of productivity due to health-related absenteeism and presenteeism accounted for 30.1% of working hours of Hong Kong employees in average. The loss of working days increased from an average of 69.8 days last year to 78.5 days, much higher than the 69.9 days of other markets in Asia Pacific. The average monthly cost per organisation is estimated at HK$3.04 million.
Employees are most at risk for nutrition in terms of their lifestyle health. Around eight-tenths (79.7%) of interviewees claimed they do not eat a healthy diet, with poor consumption of fruits and vegetables. Other unhealthy living habits include smoking (7.6%) and alcohol consumption exceeding guidelines (3.4%). The proportion of respondents admitting to these unhealthy habits has increased considerably from 3.6% and 2.1% respectively last year.
In the area of clinical health, the survey found that one in five (21.4%) interviewed employees is obese, higher than the 13.6% of other markets in the Asia Pacific. Moreover, over eight-tenths (83.0%) of employees reported symptoms of one or more musculoskeletal conditions, among which shoulder and neck pain are the most common symptoms. Three-tenths (30.0%) of the employees interviewed said their condition has prevented them from doing normal work at home or away from home, while nearly one-tenth (9.0%) revealed that pain or discomfort has caused them to take time off work. In addition, over two-tenths (22.0%) of interviewees reported one or more chronic conditions, higher than the 17.0% in last year's results. These chronic diseases include high blood pressure, diabetes and heart diseases. Despite this, less than three-tenths (28.0%) of respondents have had all three tests, namely, blood pressure, cholesterol and glucose, in the past 12 months.
AIA Hong Kong and AIA Macau are subsidiaries of AIA Group Limited. AIA Group Limited established its operations in Hong Kong in 1931. To date, we have over 15,000 AIA financial planners1, as well as an extensive network of brokerage and bancassurance partners. We serve over 3 million customers2, offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, mandatory provident fund, personal lines insurance to investment-linked products with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high net worth customers.
2 as at 31 March 2018
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and a representative office in Myanmar.
The business that is now AIA was first established in Shanghai almost a century ago in 1919. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$221 billion as of 30 June 2018.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of 32 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
Ms. Esther Chan
+852 2100 1416
Mr. Kevin Chan
+852 3960 1903