Absenteeism & Tardiness: How To Keep Your Workforce On The Job And On Time 2/15/2010
According to The Total Financial Impact of Employee Absences, a recent study conducted by Mercer, more than 35 percent of an organization's base payroll is attributable to employee absences.
These costs include direct costs such as sick pay, disability benefits, and workers' comp benefits, as well as indirect costs, such as lost revenue and productivity. Tardiness can be an equally significant problem; your on-time workers are forced to pick up the slack of the chronic offenders, leading to decreased productivity and morale.
Webinar Learning Objectives:
Measure lost time costs
Create a company-specific root cause analysis
Develop an inventory of employee/management relations
Implement leave-management techniques that increase control and reduce abuse