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HR news: New insight into the cost of cancer for employers

A new web tool will allow organisations to assess the financial savings from introducing company-paid early detection of cancer.

The free Cancer Impact Calculator – developed by Check4Cancer with Health At Work Wellness Actuaries (HAW) – comes in the context of Cancer Research UK claims that nearly half the UK population are now expected to suffer from the disease at some point in their lives. More than 100,000 UK employees are diagnosed with cancer each year and numbers are rising.

The Cancer Impact Calculator is founded on current data on the risk of cancer among people of working age in the UK and information on the levels and nature of undiagnosed cases across different cancer types. The actuary model draws on insights from cancer specialists into the stages of tumour growth and post-diagnosis treatments, the costs involved, likely levels of workplace absence, and longer-term treatment and survival rates. Average figures are used on normal absence rates, presenteeism costs, average death and private medical benefit costs and typical turnover rates.

Full article is available on HR News website: New insight into the cost of cancer for employers

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