The Case for a Total Absence Management Solution
By Kronos Incorporated
Published October 2005
We all recognize employee absenteeism for what it is — a cost of doing business. But there is a real danger hidden in the fact that few organizations can identify exactly how much it costs. If they could, more organizations would be clamoring for a means to control it.
Consider these facts:
- Approximately 15 percent of an organization's payroll is dedicated to the direct costs associated with paying absent employees.
- The indirect costs of employee absences can double or even triple that amount and include overtime, temporary labor, and lost productivity.
- In 2004, FMLA costs organizations $21 billion in net replacement costs and continuation of group health benefits.**
Employee absenteeism is a cost you can control.
There are best practices that you can implement in order to reduce the costs associated with absenteeism. And no one is better able to provide you with those best practices than Kronos, the most trusted name in workforce management.
Want to learn more? Download our free white paper, and gain a better understanding of employee absences and how they impact your bottom line. You will also learn how a new strategy called total absence management can help you reduce inflated payroll costs, lessen compliance risks, and increase productivity by reducing disruptions to your business.
** Statistics derived from the following sources: Mercer 2004, Nucleus ROI Evaluation Report, Kronos Workforce Timekeeper 2003, sponsored by Kronos, and the Employment Policy Foundation. The Cost and Characteristics of Family and Medical Leave, 2004.
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