Every employer knows that it is vital to monitor and control absenteeism as much as possible. It has been estimated that in the UK alone absenteeism costs organisations an average of £659 per employee per year. This is without taking into account indirect costs such as; lost productivity, employee workload, staff morale and health benefit implications which can easily double this figure.
e-days can improve your absence management and reduce the cost of absence to your organisation:
Evaluating the cost of absence; Understanding the extent of absence in your business is an essential step in reducing the cost of absence to your organisation. Traditional absence management systems make it a difficult, time consuming and error prone task to calculate the amount of time lost to absence in your business.
By streamlining all of your absence management processes through e-days you will be able to report on absences and absence levels with the click of a mouse. Accurate recording and powerful reporting give you the ability to asses the extent and cost of absence in your business which will allow you to take the next steps in addressing it. Do you know how much absence costs your business?
Reducing absence and absenteeism; e-days provides you with a suite of tools and processes that will help you to reduce absence rates and absenteeism in your organisation. By streamlining your processes through e-days absence management you can greatly reduce the amount of unaccounted absences and by improving the monitoring process within your business absenteeism can be discouraged.
When used in conjunction with the Bradford Factor, absenteeism can be reduced by up to 20% (See the Bradford Factor page for more information). As the major cost of absence is in lost wages, by reducing absenteeism on the whole, your organisation can save a significant amount of cost. Absences are inevitable in business, however, through better absence management you will be able to make significant savings across your business.
Reducing the costs associated with absence management: In addition to the direct costs of absence there are significant costs associated with managing and monitoring absence across a business. Administrating holiday requests and recording absence and illness takes up many man hours, often the time of Human Resources and management which is better spent on more productive tasks.
In addition to this, the cost of errors, mismanagement and abuse adds up to create a significant cost to business. e-days helps to eliminate much of this cost by including staff in a self service request process, saving management time and empowering employees. The integrated automatic request and approval system allows for much quicker holiday and absence processes. Accurate and accessible records make for more informed and better planned decisions on absence management.
Projecting and planning for future absences: e-days allows the recording of different types of absences in different categories. This gives organisations the information it needs to asses the future impact of absence to the business. By examining data from one year into the next a business can plan and budget for similar levels of absence, in addition to benchmarking for improvement.
For example, by creating customisable absence categories an organisation would be able to determine the amount of one type of illness in the business, such as, the impact of Muscular Skeletal absences, or the amount of time lost to doctors’ appointments. This is all information which is easily accessed and reported against with e-days.