Incorporated today released a study that examines the total impact
employee absences have on organizations and their workforces around the
world. The study explored the many residual effects that employee
absences have on an organization, including how they affect co-worker
and supervisor productivity, the use of replacement workers and overtime
to cover absences, direct and indirect costs of paid time off, and the
importance of policies and procedures to manage employee absences.
The research was commissioned by Kronos (News - Alert) Incorporated and conducted in
collaboration with the Society for Human Resource Management (SHRM).
About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions
in the cloud. Tens of thousands of organizations in more than 100
countries - including more than half of the Fortune 1000® -
use Kronos to control labor costs, minimize compliance risk, and improve
workforce productivity. Learn more about Kronos industry-specific time
and attendance, scheduling, absence management, HR and payroll, hiring,
and labor analytics applications at www.kronos.com.
Kronos: Workforce Innovation That Works™.
About the Society for Human Resource Management
Founded in 1948, the Society for Human Resource Management (SHRM) is the
world's largest HR membership organization devoted to human resource
management. Representing more than 275,000 members in over 160
countries, the Society is the leading provider of resources to serve the
needs of HR professionals and advance the professional practice of human
resource management. SHRM has more than 575 affiliated chapters within
the United States and subsidiary offices in China, India and United Arab
Emirates. Visit us at shrm.org and follow us on Twitter (News - Alert) @SHRMPress.
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logo are registered trademarks and Workforce Innovation That Works is a
trademark of Kronos Incorporated or a related company. See a complete
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Footnote 1: The Total Financial Impact of Employee Absences Study
examined the impact of employee absences in the United States, China,
Australia, Europe, India, and Mexico. The research was conducted
online in the spring of 2014 by SHRM, and a total of 1,280 organizations
responded from the countries/region surveyed.
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