> Kronos Incorporated > Survey on the Total Financial Impact of Employee Absences

Survey on the Total Financial Impact of Employee Absences

White Paper Published By: Kronos Incorporated
Kronos Incorporated
Published:  Jul 27, 2011
Type:  White Paper
Length:  33 pages

Most department heads and managers are unaware of the true cost of absenteeism in their organizations. See the staggering numbers on the true cost of employee absence, including:

  • Total costs of all major absence categories, including direct and indirect expense as a percentage of base payroll
  • Lost productivity due to absenteeism, accrued and FMLA leave, and planned and unplanned absence; across union, hourly, exempt, and other employee types
  • Risk factors including employee complaints, grievances, and lawsuits experienced on average by participants
How much is employee absence costing you?

On average, employee absence accounts for the equivalent of 35% of base payroll.*

Employee absence can take many forms: vacation; sick time; and government-regulated leave, like FMLA. Each of these absence types - whether planned, incidental, or extended - carries with it its own costs, management headaches, risks, and productivity hits.

Want to learn more about how to control the cost of employee absence in your organization?
Download the Mercer study on employee absence to gain a greater understanding of the scope and impact of absenteeism.

* Source: “Survey on the Total Financial Impact of Employee Absences,” Mercer (2010)

Tags : 
kronos, employee absenteeism, mercer absence research, financial impact, lost productivity, employee absence