Circadian Report: Absenteeism, the Bottomline Killer
Absenteeism is the Hidden Threat Draining Your Company Profits
Absenteeism impacts nearly 10% of the U.S. hourly workforce, leading to significant financial losses. How can you reduce absenteeism in the workplace?
Despite its material effect on the bottom line, many managers overlook the issue, partly because absenteeism costs aren't often tracked or reported like healthcare expenses.
Without proper tracking tools, companies risk inflating payroll costs and missing crucial financial results. Managers need to recognize the true cost of absenteeism to safeguard their company's financial health and productivity.
