Learn how large organizations are encouraging attendance and employee engagement without sacrificing productivity.
The Business Impact of Absenteeism
Absence is more than empty space. It affects labor costs, overtime, productivity and employee satisfaction. Consider how the following can derail the achievement of business goals by diminishing employee engagement and increasing costs:
- About four-fifths of organizations use overtime as a way to provide coverage for at least some absences. The total cost of that overtime is 2% of payroll.
- Average productivity loss due to replacement workers, an indirect cost of absence, is 31.1%.
- Supervisors spend an average of 4.2 hours per week (a tenth of their work week) dealing with absences. That’s equivalent to 210 hours per year per supervisor.
View the full article to learn more about how large organizations are identifying and addressing the root causes of unplanned absences and responding to absenteeism in a more timely manner to ensure business continuity and control unnecessary costs.