Difficult economic times have put a strain on the business world, forcing companies to re-organize their business plans. Employers are working diligently to establish innovative, efficient ways to better manage costs and reduce or eliminate unnecessary expenses.
One of those expenses familiar to most of us is ‘Employee absenteeism.’ Studies continue to shed light on the fact that the cost of employee absence has considerable impact on a company’s productivity; yet, the majority of companies have made no attempt to analyze or control these costs!
According to the International Public Management Association for Human Resources:
“The cost of absences represents a growing burden on employers, and many organizations are using absence managers to help them track, manage, and reduce absences throughout the organization. According to CCH Inc., a Rosewood, Ill., company that provides employment law information for human resources professionals, unscheduled employee absenteeism costs an average of $755 per employee per year.”