According to recent surveys*, employers spend, on average, approximately 15% of total compensation on absence-related costs. To complicate matters, HR professionals must juggle a dizzying array of paid and unpaid absence-related policies and programs. Time off for sickness, vacation, and federally mandated leave (FMLA) all impact your company’s bottom line. What steps can you take to minimize the financial effects of these absence-related factors?
To remedy the situation, you must take action by reviewing current paid time-off and leave programs. To be successful reducing the impact of absenteeism, you need to: a) evaluate and streamline administrative processes and b) implement technology that can automate absence-related policies and programs. Find out how…
Join Watson Wyatt and Kronos for this informative webinar that will show you how to manage employee absence for maximum effectiveness. Don’t miss this opportunity. Gain insight and practical intelligence that you can put directly to work to obtain immediate business results.
* Mercer/Marsh Survey on Health, Productivity and Absence Management Programs 2007
and Nucleus ROI Evaluation Report, Kronos Workforce Timekeeper, 2003, Sponsored by Kronos.
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