Over half of HR professionals are unsure how much employee absence costs their organization. This unsettling statistic was revealed in the Optis survey conducted in June at the SHRM 2012 Annual Conference & Exposition in Atlanta.
Without knowing the costs of leave, executives don’t know when money is literally walking out the door. The national price tag on this problem is $100 billion.
With ever-changing FMLA laws and rising temporary personnel costs, absence needs to be properly managed to control costs and ensure compliance. But how can HR professionals even begin to manage the $100 billion problem when they don’t know how large their chunk of the problem is?
In the Optis survey “Solving the Puzzle of Leave Management,” Optis went directly to the source — current HR professionals — to uncover how absence is being managed in today’s workplace. The results showed:
- How leave information is obtained and distributed
- How coverage is managed for absent employees
- What organizations are doing to put together the puzzle of leave management