Competing in an Economy as aggressive and combative as our own takes investment, incentive, and initiative. Succeeding in our Economy, however, relies upon another variable. Teamwork. In the field of Business, teamwork is so often overlooked or under appreciated, not by those who form the teams, but by those who make them up.
This under-appreciation ravages both proverbial “tycoons” and “little guys” in equal measure. So what is it that causes it? What is it that ensures extensive hard-work, precious capital, and meticulous preparation end in failure? The answer is painstakingly simple; Absence. Every year companies nationwide are being deterred by apathetic, hazardous employee absence, resulting in Billions of dollars worth of revenue being lost globally per year. As a result of “Flu Mondays” or “Queasy Fridays”, lazy employees in every state in America are earning in excess of what they have worked for. So this leads us to the question, what are US business’s doing to combat Absenteeism?
Increasing Employee Engagement
A recent study conducted by Harvard Business Review Analytic Services, indicated that 71% of the companies rank employee engagement as “very important to achieving overall organizational success.” It is undisputable that superior Employee engagement results in increased morale in workers, and a heightened enthusiasm for even the most remedial of tasks. The study further indicates that an increased emphasis on communication and co-operation between employees and their employer counterparts results in a drastic increase in productivity. In fact, 73% of those interviewed listed Effective communications as a critical factor in a successful company. Employers nationwide are beginning to wake up to the fact that efficient, consistent communication in the workplace is an effective way to curb absenteeism, and thereby cut costs.
By offering steady, modest appraisal to hardworking Employees, Employers are inadvertently increasing morale and incentivising their workforce. This subtle, understated act tackles employee indifference and results in a telling decrease in employee absenteeism. When employees become starved of recognition they become both indifferent to their work and increasingly susceptible to take days off. Even Business mogul Bill Gates places a huge emphasis on this sort of communication. “I’m a great believer that any tool that enhances communication has profound effects in terms of how people can learn from each other, and how they can achieve the kind of freedoms that they’re interested in.”
Know Employee Preferences
Employers may be unaware, misguided or simply apathetic to employee preferences within the company. In 1995, Simons & Enz studied the motivation factors of a wide range of workers. Respondents ranked what an employee desired most from their workplace, with a number 1 indicating the most important, and the number 10 indicating the least of what an employee wanted from their respective Employers. The results varied hugely within different industries, with the top 3 preferences selected in the hospitality section; Good Wages, Job Security, Promotion & Growth in the Organization. Whereas those in the Industrial Job sector selected; Interesting work,
Full Appreciation of Work Done and a Feeling of being “in the know”. This type of information is invaluable to all employers, as it enables them to isolate and cater to individual aspirations. A knowledge and interest in an individual employee’s priorities will give them an incentive to work harder. Conversely, employees who feel their job preferences and ambitions are being neglected will become increasingly susceptible to absenteeism. Simons & Enz argued that being unaware of employee’s motivations was a contributing factor to employee absenteeism, stating that prioritizing ‘interesting work’ to someone who was not motivated by this would result in a disinterest in work and consequentially, absenteeism.
Absence Management Systems
Without a doubt, the most efficient way to combat and eradicate employee absence is through the use of Absence Management Systems. The cost of absenteeism can be understood and controlled by using a fully automated, easy-to-own absence management solution. This will help you reduce the administrative headaches and compliance risk associated with leave laws – not to mention sick time, late arrivals, early departures, and extended breaks – all in one place.
Employers in every state in America are beginning to realize the drastic effects employee absence can have on revenue and employee morale. In 2008, Mercer Inc. performed a study on the total financial impact of employee absence and found that 36% of payroll is either directly or indirectly associated with employee absenteeism. Absence Management Systems help to minimize these and other labor costs in a systematic, economic fashion. The study also found that 21% of daily productivity loss can be attributed to unplanned absences. By using an automated absence management system employers have a deterrent to prevent employees from taking un-entitled “sick days” and that the cost of manual calculations is erased.
Absence Management Software can be configured to record overtime budgets, and to notify managers when those budgets are close to being surpassed. In addition, the system will notify managers and supervisors when schedules violate regulations, reducing costly compliance issues.