Podcast: Total Financial Impact of Absenteeism
This is the season for absenteeism. Between our record setting snowfall in New England and flu season, lots of people are having a hard time making it out of their driveways, let along making their way to work. While employers can’t control the weather or the flu virus, there are insights they can leverage to decrease the impact of these and other absence drivers in the workplace.
Last week I had a conversation with Evren Esen, director of survey programs at the Society for Human Resource Management (SHRM), and Sue Meisinger, executive management columnist, speaker, and consultant, as well as the former president and CEO of SHRM, to discuss the recently released global absenteeism study, Total Financial Impact of Employee Absences. We worked with SHRM to conduct this global study, with the objective of understanding how organizations around the world are managing employee absence.
If you’d like to learn more about how absence is managed worldwide, as well as some tips for how to manage in your organization, click on the podcast link at the bottom of this post to hear about:
- An overview of the research report, including the overall financial impact of absenteeism, the effect that unplanned absences have on productivity, how absences affect co-workers, and how absenteeism management varies across different countries and regions;
- The importance of implementing a clear and consistent absence management policy, including the key components of an effective absenteeism policy and tips on how to enforce the policy once implemented;
- How inadequate staffing can lead to high levels of stress among employees and advice for organizations to combat absence-related stress in the workplace; and
- Tactics that organizations can use to mitigate the impact that absenteeism has on their employees, productivity, and bottom line.
Click on the player below to hear our conversation. And please share and comment on this post to join the conversation. Stay well!