Pepperdine Flu Impact on Small and Medium-sized Businesses 2013

  • 477 views
Uploaded on

That bug that’s going around might be bugging your bottom line if you are a small business owner, according to a new survey from Pepperdine University, conducted in partnership with Dun & Bradstreet …

That bug that’s going around might be bugging your bottom line if you are a small business owner, according to a new survey from Pepperdine University, conducted in partnership with Dun & Bradstreet Credibility Corp. Smaller companies — those with revenues of less than $5 million — reported each sick employee cost them an average of $22,802. For larger companies, the average cost was $15,806.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
477
On Slideshare
0
From Embeds
0
Number of Embeds
2

Actions

Shares
Downloads
2
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Study of Flu Impacts on Small and Mid- Sized Businesses (Winter 2012-2013) Craig Everett, Ph.D., MBA Assistant Professor of Finance Associate Director, Pepperdine Private Capital Markets Project John K. Paglia, Ph.D., CFA, CPA Associate Professor of Finance Director, Pepperdine Private Capital Markets Project 11
  • 2. This research was made possible with the support of Dun & Bradstreet Credibility Corp., the leading provider of credit building and credibility solutions for businesses. DUN & BRADSTREET CREDIBILITY CORP. Jeffrey Stibel, Chair and Chief Executive Officer Judy Hackett, Chief Marketing Officer Aaron Stibel, Senior Vice President, Technology Erik Simon, Director, Marketing and Communications Brenda Gary, Senior Marketing Director Bernice Brennan, Manager, Creative Services & Marketing Communications Trenice Taylor, Marketing Manager 22
  • 3. ACKNOWLEDGEMENTSI’d also like to thank the following people at The Graziadio School of Business and Management for their contributions: Dean Linda Livingstone Associate Dean David M. Smith Mike Sims, Executive Officer, CER Douglass Gore, Director of Public Relations Mark Chun, Director, Center for Applied Research Bill Bleuel, Professor of Decision Sciences Irina Shaykhutdinova, Research Analyst 33
  • 4. About the January 2013 Flu Survey• 14 questions• Invite to participate distributed to sample from Dun & Bradstreet Credibility Corp.’s business database• 679 completed responses• Responses collected from January 14 – January 27 44
  • 5. Percentage Indicating “Yes” to “Is the flu outbreak restricting…” 97% 91%100%80%60%40% 9%20% 3% 0% Growth opportunities for business Ability to hire new employees Yes No 55
  • 6. Number of Employees Currently Out With The Flu 450 400 350 300 250 200 150 100 50 0 0 1 2 3 4 5 6 8 10 11 - 15 16 - 20 21 - 30 51 -100Whole sample 445 84 47 17 6 7 1 1 1 3 1 1 1 66
  • 7. Total Number of Employees Who Have Been Out Sick With The Flu At Any Time This Flu Season 300 250 200 150 100 50 0 0 1 2 3 4 5 6 7 8 9 10 11 - 15 16 - 20 21 - 30 31 - 40 51 -100 101 - 1000Whole sample 267 127 77 45 31 26 6 7 5 2 5 5 3 6 1 1 1 77
  • 8. Flu Survey Results By Revenue SizeSample Value # of ObservationsAverage Cost to Company Per Sick Employee< $5 million $22,802 271$5 million - $100 million $15,806 67Average Number of Days Absent Per Sick Employee< $5 million 7.4 275$5 million - $100 million 3.6 69Average Number of Days Telecommuting Per Sick< $5 million 3.5 244$5 million - $100 million 1.6 61Percentage of Sick Employees Who Telecommuted< $5 million 38.4 267$5 million - $100 million 75.4 66Percentage of Companies That Provided Flu Shots< $5 million 20.7 569$5 million - $100 million 29.7 81 88
  • 9. Average Number of Days People Don’t Report to Work Because Of The Flu 300 250 200 150 100 50 0 0 1 2 3 4 5 6 7 8 9 10 11 - 15 21 - 30 51 -100Whole sample 272 33 97 102 28 40 8 16 5 2 4 5 2 1 99
  • 10. Number of Employees Who Did Any Telecommuting While They Were Sick 450 400 350 300 250 200 150 100 50 0 0 1 2 3 4 5 7 8 10 16 - 20 31 - 40 41 - 50 101 - 1000Whole sample 429 106 46 11 6 3 1 1 1 1 1 1 2 10 10
  • 11. Average Number of Days People Telecommuted While They Were Sick 400 350 300 250 200 150 100 50 0 0 1 2 3 4 5 7 10 11 - 15 21 - 30 101 - 1000Whole sample 382 54 64 36 10 6 2 2 1 1 4 11 11
  • 12. Percentage of Respondents That Provided Flu Shots To Employees In 2012100% 77%80%60%40% 20%20% 2% 1% 0% Yes - Free Yes - Discounted Yes - Full Price No 12 12
  • 13. Percentage of Employees That Received Flu Shots In 2012 91.0%100.0% 80.0% 50.0% 60.0% 40.0% 15.0% 20.0% 0.0% 1st quartile Median 3rd quartile 13 13
  • 14. Average Flu Outbreak Costs Per Firm 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% $0 $1 - $500 $501 - $1,000 $1,001 - $5,000 $5,001 - $10,001 - $25,001 - More than $10,000 $25,000 $50,000 $5,000,000Whole sample 48% 12% 12% 15% 6% 3% 2% 1% 14 14
  • 15. Details About the Respondents Geographic Location 0-1 2-3 4-5 ME 5 - 10 WA 11 - 20 ND MN VT NH MT 21 - 30 OR MA WI NY 41 - 50 ID SD MI RI more than 50 CT WY PA IA OH NJ NE MD NV IL IN WV VA UT CO KS MO KY CA NC TN OK AR SC AZ NM MS AL GAHI AK LA TX FL 15 15
  • 16. Details About the Respondents Industry Services 2% 2% 1% Retail trade 2%4% 4% Construction3% Finance & real estate 32% 7% Manufacturing6% Information technology or services Health care 9% 9% Wholesale trade 10% 9% Unclassified establishments Educational services Arts, entertainment or recreation Transportation and warehousing Forestry, fishing, hunting or agriculture Utilities & mining 16 16
  • 17. Details About the Respondents Annual Revenues $0 or pre-revenue stage 1% 1% 2% 2% $1 - $100,000 4% 4% $100,001 - $500,000 7% 21% $500,001 - $1,000,00020% $1,000,001 - $5,000,000 24% $5,000,001 - $10,000,000 14% $10,000,001 - $25,000,000 $25,000,001 - $50,000,000 $50,000,001 - $100,000,000 $100,000,001 - $500,000,000 More than $500,000,000 17 17
  • 18. Details About the Respondents Number of Employees 120 110 100 90 80 70 60 50 40 30 20 10 0 1 2 3 4 5 6 7 8 9 10 11 - 15 16 - 20 21 - 30 31 - 40 41 - 50 51 - 101 - More 100 1000 than 1000Whole sample 110 116 59 29 40 29 15 10 14 20 43 30 33 17 13 27 18 1 18 18
  • 19. Details About the Respondents Firm age Less than 1 year 5% 5% 4% At least 1 but less than 2 6% 11% At least 2 but less than 348% 21% At least 3 but less than 5 At least 5 but less than 10 At least 10 but less than 20 20 or more 19 19
  • 20. About Pepperdine Private Capital Markets ProjectThe Pepperdine Private Capital Markets Project at the Graziadio School ofBusiness and Management is the first simultaneous, comprehensive, and on-goinginvestigation of the major private capital market segments. The research seeks tounderstand the true cost of private capital across market types and the investmentexpectations of privately-held business owners; providing lenders, investors andthe businesses that depend on them with critical data to make optimal investmentand financing decisions, and better determine where the opportunities to createlasting economic value may be realized. Download reports and find moreinformation at http://bschool.pepperdine.edu/privatecapital.About Pepperdine University’s Graziadio School of Business andManagementFounded on the core values of integrity, stewardship, courage, and compassion,Pepperdine University’s Graziadio (GRAT-ZEE-ah-DEE-oh) School of Businessand Management has been developing values-centered leaders and advancingresponsible business practice since 1969. Student-focused, experience-driven, andglobally-oriented, the Graziadio School offers fully accredited top-ranked MBA,Masters of Science, and bachelor’s completion business programs. Moreinformation found at http://bschool.pepperdine.edu/newsroom/. 20 20
  • 21. THANK YOU! Craig Everett, Ph.D., MBA Assistant Professor of FinanceAssociate Director, Pepperdine Private Capital Markets Project http://bschool.pepperdine.edu/privatecapital craig.everett@pepperdine.edu 310.506.8543 John K. Paglia, Ph.D., CFA, CPA Associate Professor of Finance Director, Pepperdine Private Capital Markets Project http://bschool.pepperdine.edu/privatecapital john.paglia@pepperdine.edu 805.379.5809 21 21