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Sick days may hurt your bottom line
Absenteeism's cost on corporate America is staggering. By Stephanie Armour USA TODAY
Originally Posted 2/6/2003 8:36 PM on the USA Today Web Site. See link below.
Employees absences have become such an epidemic that companies are going on the defensive. More than 70% of employers rated controlling costs in their disability absence programs as the top priority, according to a survey by Mercer Human Resource Consulting. The attention comes as absenteeism costs more than ever: an annual average of $789 an employee in 2002, a 30% jump in two years, says a study by human-resources information provider CCH.
To combat the problem, employers are implementing unpopular and time consuming tactics such as including attendance information on performance reviews, paying employees for each unclaimed sick day, firing employees who call in sick too often, calling workers who are out sick, or switching from traditional sick days to paid time off banks. Some employers are simply asking workers not to be sick. Absenteeism’s impact on corporate America is staggering. Last year at American Airlines, more than 5% of the workforce was absent on an average day, costing more than $1 million a day.