In an ideal world, employees would never come in late, leave early or call out. While approved time off is one thing, unplanned or frequent absences are another -- leaving many employers with a costly and troublesome attendance problem.
How costly? A study revealed that absenteeism amounts to $3,600 per hourly employee per year, and $2,650 for salaried employees. These numbers, based on payroll and lost revenue, only tell part of the story. There’s also the impact of reduced productivity, lagging morale, safety oversights and, ultimately, higher turnover.
Don’t let chronic absenteeism hurt your business! With a better understanding of the hidden reasons behind “no shows” and unnecessary time off, you can keep a closer eye on attendance and fix absenteeism issues before they get out of hand.