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The Cost of Employee Absenteeism

Great Leadership By Dan

The reasons employees may be absent from work are varied and many but the bottom line is, absenteeism has a larger cost associated with it than many people realize. In the United States on a yearly basis, absenteeism costs companies just under $3000 per salaried employee, while the cost is just under $4000 per hourly paid worker.

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HR Files: Addressing Absenteeism and Boosting Workplace Productivity

HR Digest

Absenteeism in the workplace can have a significant impact on productivity and the overall performance of the organization. As a result, many companies rely on their Human Resources (HR) department to address absenteeism effectively. There is no single solution to absenteeism that can be expected to work every time.

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How to Reduce Employee Turnover Rate

Strategy Driven

According to a report by the Society for Human Resource Management (SHRM), the average cost of replacing a single employee can be as high as $4,425. Flexibility defines things like working hours, collaborations, workload, deadlines, and rules about absenteeism and reporting to work.

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How to Design a Corporate Wellness Plan That Actually Works

Harvard Business Review

While financial incentive programs are popular, they may not achieve long-term behavior change; instead, they may lead to resentment and even rebellion among workers. This is because many traditional incentive programs are grounded on the assumption that people will behave in certain rational ways if paid to do so.

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Meet the Wellness Programs That Save Companies Money

Harvard Business Review

Incentives have a place, but they can’t single handedly drive long-term lifestyle change. Savings like these are not unrealistic for a 2,000-employee company. Employee buy-in is key. But employers must first realize that they cannot make employees live healthier lifestyles.

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This Coalition of 20 Companies Thinks It Can Change U.S. Health Care

Harvard Business Review

For too long, employers have outsourced management of their employees’ health care benefits to those with little incentive to improve value.