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Do you know how to calculate the hidden costs of absenteeism?

by , 15 June 2016
Do you know how to calculate the hidden costs of absenteeism?We all know that when someone is ill, it costs your company a great deal in money, time and productivity, not to mention your own frustration.

But do you know how much absenteeism is actually costing you? If you don't know how to calculate this, you won't be able to manage it correctly or put a stop to it.

Read on as I show you how to calculate the hidden cost of absenteeism in your company and what you can do to stop it...


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The hidden costs of absenteeism can add 25% to your labour bill!
 
Get the information you need to take charge and make sure that absenteeism stops eating into your hard-earned profits!
 
Here's how
 
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On average 15 – 30% of your staff could be absent on any given day

 
This is according to Occupational Care South Africa (OCSA). And they say - 2 out of 3 of employees who call in sick, aren't even physically ill!

Think about it. If you employ 15 people, on average, 4 people will be sick on any given day.

Yet, 3 out of those 4 people are having a 'duvet day', spa treatment, or out on a shopping spree with friends…

And you're paying for them!
 
But, the costs of absenteeism aren't limited to the costs of the salary alone. Here's what absenteeism is really costing you…
 
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Employees always sick or taking time off work?
 
Don't let them abuse their leave!
 
Attend the Managing Absenteeism and Leave Abuse Workshop and find out everything you need to stop absenteeism…. or legally dismiss that troublesome employee.
 
No more lost work days!
 
To take control of absenteeism in your company, book your seat now
 
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Here's what absenteeism is really costing you
 
Say you have an employee named Mary. She's the 1 out of 4 employees who's actually sick from your company. She's a very productive, hard worker in your company.

You pay Mary R20 000 a month, but then she's sick for 10 days of the year.  So in fact, you pay Mary on average, R9 523 per year, when she's not even at work. I'll show you later how we get to this calculation.
 
You get Fiona to replace her while she's sick. But have you ever stopped to consider how less productive Fiona is? After all, Fiona will only do the job 10 days out of the entire year? It doesn't compare to Mary who does it all the time.
 
So, this means, not only are you paying:

·         Mary her normal salary when she's sick - approximately R9 523;
·         Fiona her salary to fill in for absent Mary - also another R9 523;
·         But your company's also paying in lost productivity!

Now multiply this by all four of your employees who are absent...
 
And this is just a simple scenario! There are a lot more factors you need to consider when it comes to calculating the costs of absenteeism.
 
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'Absenteeism costs SA employers R16 billion annually!' Stats SA
 
The hidden costs of absenteeism can add up to 25% to your labour bill!
 
I'm sure you'll agree - you need to manage absenteeism effectively before you lose any more of your hard earned profits!
 
Here's how to get all the tools you need to curb the cost of absenteeism in your company
 
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Here's a sure-fire way to stop absenteeism dead in its tracks
 
The good news is you can do something to stop the high costs of absenteeism. Attend the Managing Absenteeism and Leave Abuse Workshop on 23 June in Johannesburg and we'll show you exactly how to calculate what absenteeism and leave abuse is really costing your company. 
 
Once you know how much it costs, I promise that figure alone will motivate you to put a stop to it immediately. So we'll give you all the skills and knowledge you need to stop absenteeism dead in its tracks.
 
Manage absenteeism and leave abuse today. Book your seat now

P.S. If you book a table for a group of 5 or more delegates at the Managing Absenteeism and Leave Abuse Workshop, I'll give you a special group discount. Email seminars@fsp.co.za and I'll tell you more about it.   


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