Work longer hours, sleep when you’re dead, sleep can wait, I’ll sleep when I finish this work. These are all things we tell ourselves when we’re putting sleep on the back burner to get ahead at work. But did you know that losing out on sleep can actually be quite costly to your organization.
Whether you’re the boss or an employee, sleep deprivation can be quite costly to your company. Let’s look at some of the numbers.
1. Over $40,000 Lost Per Year in Injuries
Did you know that the average company spends $40,051 in worker’s compensation claims per year due to sleep-deprived employees? As an employer, this can absolutely wreck your bottom line. As an employee, you’d probably rather be getting your full pay than sitting around at home hurt. Making sleep important can reduce the chance of these occurrences.
2. Nearly $2,000 Lost to Lower Productivity
Businesses lose $1,967 per year, per employee because their employees are sleep-deprived. You would think that employees working longer hours or taking work home with them would result in more productivity but the inverse is actually true. Sleep deprivation causes more errors that need to be fixed. If you’re an employer, encourage your employees to take PTO and maintain a positive work-life balance so that you can save thousands of dollars a year on mistakes.
3. Over $1,500 Lost to Missed Days
Sleep deprivation eventually catches up to you and when it does, you wake up late and figure, you might as well call out. Missed days, unless your company offers unlimited paid time off, means less money for both the company and the employee. To ensure that you don’t miss out on needed money, make sure that you get enough sleep to not only meet your home obligations but also your work goals.
What Can You Do About Sleep Deprivation
If you’re an employer, you may not want to ask your employees if they’re getting enough sleep but there are things that you can do to ensure that your employees aren’t sleep-deprived. Check out the infographic below by sleep enthusiasts SleePare to learn more about how to make your business more sleep-friendly.