How Much Do Absenteeism and Presenteeism Cost Your Business?

absenteeism and presenteeism affect not only productivity, but can also cost a business lots of money. When employees don’t show up for work, the company loses money. This cost is different depending on how many employees are lost. Some employers try to manage presenteeism and absenteeism costs by having employees wear badges that say “I am absent for reason.” In this way, employees feel guilty if they are a part of the problem and are more likely to report sick or be more productive.

• In addition to costing money, absent employees cost companies money in lost productivity. With fewer hours worked, they make less money. The cost of sick days is another way these absences cost companies money. If employees are absent because of illness, they miss out on time that would have been spent working. absenteeism and sickness days equal lost production time.
• Both absenteeism and presenteeism are usually a direct result of poor scheduling practices by management. When employees know that they have to report to work on sick days, there is a greater tendency for them to show up on time. If you don’t schedule your employees for rotations or other opportunities to move around and refresh themselves, you will have less productive employees who take sick days and miss work. Absenteeism and presenteeism cost your business money.
• Cost management requires that companies take an active approach to absenteeism and presenteeism. One of the most cost-effective ways of managing absenteeism and presenteeism is through employee scheduling. Through regular employee scheduling, you can take steps to ensure that your employees are present when they are scheduled to be.
• Employees often miss work for a variety of reasons, from getting trapped in traffic to personal reasons such as being unable to focus on a particular assignment. Because of the inherent problems with missing time on the job, it is difficult for management to effectively predict how many employees will show up for work on a given day. A good rule of thumb to follow is to schedule employees based on their normal workload, so that if they are showing up late it is because they were working extra or were taking an extra assignment.
• To answer the question, “how much do absenteeism and presenteeism cost your business?” it is essential to know how much your employees actually bring in for your company. In order to do this, it is important to ask your employees how much they bring in on a daily basis, and how many clients they tend to bring into your office on a daily basis. Then, you can adjust your staffing levels to match the number of clients versus the amount of employees.
• Knowing how much time your employees spend at your office is also important when you are trying to calculate the cost of employing them. If you have employees who stay late nights or on weekends but produce little or no productivity, this can add up over time. So, look at the time spent by each employee and consider it when you are making your staffing decisions.

When you use online tools to track the productivity and absenteeism of your employees, you can find out how much do absenteeism and presenteeism cost your business? This information will help you make changes in the way you hire and manage your employees. The more you customize the training and development programs that your employees get, the more likely you are to retain high-quality people. You will also learn how much do absenteeism and presenteeism cost your business? Use these tools to make smart staffing decisions and reduce the cost of labor.