What does absenteeism cost your company? (Managing Your Business).

Direct costs associated with unscheduled absences from work rose 24 percent from 2000 to 2001, according to a survey sponsored by CCH INCORPORATED. The average per-employee cost of absenteeism jumped from $610 per year in 2000 to $755 in 2001.

Those figures include only direct payroll costs for absent employees. In addition to wages and benefits payments for absent employees, the Society for Human Resource Management (SHRM) cites other related costs that can affect your company's bottom line:

[check] Temporary help

[check] Overtime work

[check] Supervisors' time spent on absenteeism problems

[check] Underutilization of facilities

[check] Lost productivity

Understand the Problem

Excessive …