Audio Conferences
Absence Management: How to Rein in Costs and Increase Your Bottom Line
May 28, 2008 at 02:00PM ET
Recent studies of employee attendance reveal that 66% of U.S. employees took unscheduled time off in 2007 for reasons unrelated to sickness. The cost to employers? A whopping $74 billion. Does your organization manage employee absences? Can it afford not to? The number of different absence management programs is about equal to the number of companies trying to address the problem, so you want to make sure you’re trying ones that work best. Programs to reduce absenteeism range from strict control and discipline, to those that do away with absence control programs altogether and measure output instead of attendance. Past studies have shown that employee absences, whether planned or not, easily translate into lost profits by increasing operating expenses and decreasing revenue growth. In fact, direct costs of unscheduled absences can average as much as 4 percent of payroll. And that’s the good news! This figure actually doubles—even triples—when considering indirect costs, which include overtime, lost productivity, overstaffing and hiring/training of replacements. Why not join IOMA and our experts Brenda Stewart with Randstad and Bob McKenzie, President of McKenzieHR in this invaluable audio program to learn how you can reduce the costs of absences at your organization. In just 90-minutes, you’ll discover: - How an absence management program can help you control costs
- That implementing a wellness program can reduce absenteeism and positively impact your bottom line.
- Utilizing Employee Assistance Programs can control absences.
- That engaging employees in the solution to a high absentee rate may be your answer
- The costs are associated with time-off and disability programs—and how they affect your bottom line
- The real truth behind paid-time off banks and how they can improve absence management at your company
- How you can implement the DOL opinion letter that allows employers to take partial-day deductions from paid time-off banks, even if the employee is paid on a salary basis under the Fair Labor Standards Act
FEATURED FACULTY Bob McKenzie
President, McKenzieHR, The Potential of People. With over 30 years of human resource management experience, Bob’s background includes a wide range of hands-on HR practices including training and development, Equal Employment Opportunity, Affirmative Action Plan Development, development of performance management and compensation systems, recruitment, employee relations, union avoidance and labor contract negotiations. His working experience encompasses a wide range of industries. Mr. McKenzie is a regular contributor of articles for HR.com, an international web site dedicated to the human resources profession. He is a graduate of Rider University where he received a Bachelor of Science Degree and double majored in Industrial Relations and Management and Organizational Behavior. He holds the designation of Senior Professional in Human Resources (SPHR). Brenda Stewart
Senior Operations Manager, Randstad Brenda Stewart is a Human Resources professional with eighteen years experience in all facets of HR, from Administration to Training and Development, Facilitation and Process Management. She currently calls Jacksonville, Florida her home where she is a Sr. Operations Manager for Randstad Corporate Services, overseeing onsite vendor teams at two large US corporations. While the majority of her experience has been in manufacturing and logistics, she has also worked in the finance and insurance sectors as well as the construction industry. Brenda has contributed articles to several publications, including Workplace Magazine; Workforce.com; and ERE.net; she has also been interviewed by broadcast and print media as a subject matter expert on local workforce trends. She attended Middle Tennessee State University, has been certified as a DDI instructor and holds an Advanced Safety Certification from the National Safety Council. She has been a member of SHRM, a legislative lobbyist for the Tennessee Manufacturer’s Association, and is currently a member of the U.S. Navy’s Transition Assistance Program HR panel, a Human Rights Commission advocate and Diversity Council representative. Register today! Unable to attend? Order the CD now!
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