Workforce Central Suite Absence Management Solutions Guide
We all recognise employee absenteeism for what it is — a cost of doing business. But what's your game plan? How are you controlling costs and how hard could you be hit by something like this year's World Cup football tournament? How many of your staff will be late for work or not show up at all when England play their matches? Can you track it, schedule for it or respond to staffing problems quickly?
There is real danger hidden in the fact that few organisations can identify exactly how much this sort of problem costs. Consider these facts:
- Approximately 15 percent of an organisation'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 labour and lost productivity
- The 2005 CBI Absence survey reported that 15 percent of sickness absence was non-genuine, suggesting that over 25 million days are lost each year in the UK at a cost to the economy of nearly £1.75 billion.
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?
Complete the form below to receive your free Guide to Total Absence Management. From it you will 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.
Fact: Employee absenteeism can be a controllable expense, and Kronos can help.
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