Total Financial Impact of Employee Absences in the U.S.

Learn what impact – and costs – employee absences, beyond the costs of sick and vacation pay, are having on your bottom line.

Survey results will astound you. The total cost of employee absence averages 35% of base payroll; this figure includes both direct costs, like employee pay, and indirect costs, like replacement expenses and net lost productivity. Not included in the 35% are the administrative costs related to managing employee absence.
  
What does this mean in terms of actual dollars? Consider this example: 1,000 employees making an average annual salary of $43,000 per employee ($43,000,000 annual base payroll) would result in an $15,000,000 average annual cost of employee absence. Find out what other findings the report uncovers that could convince you an automated absence management solution should be a priority in your budget.