Clear time off policy will allow you to better budget for both planned and unplanned absences. You’ll also have a more engaged and productive workforce.
Having a clear, concise and generous time off policy in place will allow your business to better budget for employees’ planned absences as well as cut costs associated with unplanned absences. Additionally, you will have a more loyal, engaged and productive workforce. These conclusions drawn from the recent study released by SHRM, Total Financial impact of Employee Absences.