Cause and Effect- How Much is Employee Absenteeism Really Costing You?
Absenteeism, also known as the bottom line killer, can result in lost productivity for any business. The following addresses the causes of employee absenteeism and how to fix the problem.
Employee absenteeism puts a financial strain on many businesses. With more employees absent it creates a loss of productivity. To find a solution for absenteeism, employers must find out where the problem is coming from, to begin with. Employers should start by measuring the absenteeism rate of their business. An absenteeism rate calculates the ratio of absences to workdays in a given period of time (annually or quarterly). If excess absenteeism is found, this can indicate issues within the inner workings of a workplace.
