Sickened By The Cost Of Absenteeism
- Topics:
- Performance Management
- Source:
- Crain Communications
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Overview: It has been observed that Internally devised tracking systems, off-the-shelf software and outsourced absence reporting services are all growing popularity as employers try to figure out where an estimated fifteen percent of their payroll is going. Absenteeism costs, have been rising steadily and will continue to climb. This is not because people are taking more time off. It is due to a combination of climbing health-care expenses and the fact that employers are doing a better job of tracking the indirect costs associated with absenteeism. Of all the expenses related to absence, unscheduled time off has the biggest impact on productivity, profitability, and morale. Regardless of the absence-management programs available, however, costs will not go down until employers make greater efforts to manage their impact, which they do not appear to be doing.
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Format: HTML | Date: Sep 2003 | Pages: 1
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