Valuation of Lost Productivity (VOLP) Wei Zhang Centre for Health Evaluation & Outcome Sciences SPPH, University of Britis...
Labour input loss due to health <ul><li>Absenteeism </li></ul><ul><ul><li>Absent workdays due to health </li></ul></ul><ul...
The corresponding output loss <ul><li>Team production </li></ul><ul><li>Availability of substitute </li></ul><ul><li>Compe...
Team production
Team production
Availability of substitute
Availability of substitute
Compensation mechanism
Compensation mechanism
Time sensitivity
Absenteeism Multipliers
Presenteeism Multipliers
Productivity loss in the past 3 months ( £)
Discussion <ul><li>Objective measures of labour input and output </li></ul><ul><ul><li>Different industry types </li></ul>...
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  • The overall cost of a presenteeism episode (Y), measured as a percentage of the affected worker’s wage, is less than the percentage reduction in that worker’s effective hours (X). Therefore, rescale Y in two ways: by setting each manager’s Y value equal to X if reported Y is less than X; and by adding the 90th percentile value of (X-Y) to Y.
  • Volp Presentation

    1. 1. Valuation of Lost Productivity (VOLP) Wei Zhang Centre for Health Evaluation & Outcome Sciences SPPH, University of British Columbia
    2. 2. Labour input loss due to health <ul><li>Absenteeism </li></ul><ul><ul><li>Absent workdays due to health </li></ul></ul><ul><li>Presenteeism </li></ul><ul><ul><li>Reduced labour input (time) while working due to health </li></ul></ul><ul><li>Employment status change </li></ul><ul><ul><li>Reduced routine work hours due to health </li></ul></ul><ul><ul><li>Unemployed (job loss) due to health </li></ul></ul><ul><ul><li>Early retirement due to health </li></ul></ul>
    3. 3. The corresponding output loss <ul><li>Team production </li></ul><ul><li>Availability of substitute </li></ul><ul><li>Compensation mechanism </li></ul><ul><li>Time sensitivity </li></ul>
    4. 4. Team production
    5. 5. Team production
    6. 6. Availability of substitute
    7. 7. Availability of substitute
    8. 8. Compensation mechanism
    9. 9. Compensation mechanism
    10. 10. Time sensitivity
    11. 11. Absenteeism Multipliers
    12. 12. Presenteeism Multipliers
    13. 13. Productivity loss in the past 3 months ( £)
    14. 14. Discussion <ul><li>Objective measures of labour input and output </li></ul><ul><ul><li>Different industry types </li></ul></ul><ul><ul><li>Different occupations </li></ul></ul><ul><li>Perspectives for valuation </li></ul><ul><ul><li>Society </li></ul></ul><ul><ul><li>Firm </li></ul></ul><ul><ul><li>Patient </li></ul></ul>

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