For the thirteen weeks ended February 2, 2019, the Company reported a net loss of $16.6 million, compared to net income of $28.0 million, for the fourteen weeks ended February 3, 2018. The Company reported a fourth quarter adjusted net loss of $8.6 million, compared to adjusted net income of $14.5 million, as presented in the related accompanying GAAP to non-GAAP reconciliation. For the fifty-two weeks ended February 2, 2019, the Company reported net income of $35.6 million, compared to net income of $101.0 million, for the fifty-three weeks ended February 3, 2018. The Company reported fiscal 2018 adjusted net income of $38.8 million, compared to adjusted net income of $92.7 million, as presented in the related accompanying GAAP to non-GAAP reconciliation. Click read more below for additional detail.
Trying to avoid cold and flu in the workplace has reached desperate levels, as nearly half of people surveyed would give up a vacation day to a sick worker to ensure they don’t bring illness to the workplace, according to the seventh annual cold and flu season survey from Staples.
Findings show that while the U.S. workforce is keenly aware of the dangers as well as prevention tactics surrounding seasonal illness, personal accountability remains low, with nearly 80 percent of employees still going to work sick.
Employees have a ready-made excuse when they get sick – it’s their coworkers’ fault. Nearly three-quarters (73 percent) of employees have caught a cold or the flu at work, and nearly one-third (32 percent) blame coworkers for getting sick last year.
Most employees continue to indicate a strong knowledge of the cold and flu, as well as prevention techniques, particularly managers:
•Presenteeism vs. absenteeism: Two-thirds (67 percent) say an employee going into work sick, but not fully productive, is worse for a business than an employee who stays home and doesn’t work when sick; this represents a sharp increase from 31 percent of respondents who said the same in 2014.
•Prevention also prevalent, particularly among managers: 47 percent of managers typically clean/sanitize their work-related equipment on a daily basis, compared with just 34 percent of all U.S. workers.
•Nearly half (44 percent) of managers called in sick when they weren’t, in order to avoid sick coworkers, compared with 21 percent of all U.S. workers.
•Awareness still strong: 58 percent know that cold and flu viruses can live on a surface for up to three days, slightly up from last year’s survey.
Employers can do their part to maintain a healthy work environment
•Less than half (only 48 percent) of employees say their office provides disinfecting wipes to clean their work surfaces. To combat this, if employers aren’t providing these or other disinfectant products, 77 percent bring them to the workplace on their own.
•Nearly two-thirds (61 percent) of workers think employers should offer office-wide flu shots.
•Although most employers provide sick days, too many employees hesitate to use them when they should. Seventy-four percent think employers should encourage workers to rest and get better when they get sick.
Knowledge is high but action is low – as year after year, workers don’t practice what they preach with regard to keeping illness at home. Seventy-nine percent of workers went to work sick last year, and workload pressures continue to keep them in the office. Nearly half (41 percent) felt there was too much going on at work to take a sick day, even though nearly three-quarters of employers (74 percent) provide designated sick days. The majority of employees abide by the notion of sticking it out, as more than half (52 percent) say going to work sick makes them “hardworking and committed.”
“Seasonal illnesses like the flu and the common cold wreak havoc on the workplace, and the impact is even greater when sick employees continue to show up to the workplace,” said Chris Correnti, vice president of Staples Facility Solutions at Staples Business Advantage, the business-to-business division of Staples. “Managers need to lead by example and stay home when they are sick and both employees and employers need to be held accountable for keeping germs at bay in the workplace by providing the right tools to maintain a healthy workplace.”