Every year, chronic illnesses and injuries among the U.S. workforce cost employers billions of dollars due to absences and lost productivity. How much exactly? IBI recently updated its Full Cost Estimator (FCE), a proprietary online tool that analyzes the costs of poor health in the workplace including absence, disability, presenteeism, and opportunity costs.

IBI's Research Director Brian Gifford discussed the latest cost estimate, how and why that has changed over recent years, as well as implications for employers.