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CONCLUSION
Some studies suggest that absent employees cost U.S. companies more than $300 billion each year. Clearly, absenteeism is an enormous and growing problem faced by nearly every business in nearly every sector.
And the costs of absence transcend the payment of overtime or hiring replacement workers. Rather, they go to the heart of the business: the firm’s ability to produce quality goods and services and satisfy its customers.
Absence tools provide the power to capture data in real time and report it to supervisors over the Web, and granular, insightful analysis provides the information senior managers need to drive program design and policy changes. By focusing their resources on the absences that can be managed, and by using a centralized, integrated approach to doing so, employers can curb their costs, improve morale, and improve productivity.
SOURCES:
1. OCI Study of Absence and Productivity. 2002.
2. Mercer, “Survey of Time-Off and Disability Programs”. 2003.
3. Circadian, “Absenteeism The Bottom Line Killer”. 2005.
4. Circadian, “Absenteeism The Bottom Line Killer”. 2005.
5. Circadian, “Absenteeism The Bottom Line Killer”. 2005.
6. Circadian, “Shiftwork Practices”. 2005.
7. Circadian, “Shiftwork Practices”. 2005.
8. Duke University Study of Obesity, 2007; in “The Employee Benefit Advisor”, May, 2007.
9. OCI Study of HRAs as a Predictor of Disability and Workers’ Compensation Claims. 2005.
10. OCI Study of Integrated Disability and Absence Management Outcomes. 2006.
11. CCH Unscheduled Absence Survey. 2005.
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