It’s a pretty lonely word. To most, “absent” generally means lack of or something missing. Well, that’s accurate, especially when it comes to one’s place of employment and the ability to be productive. Here are just a few definitions of absenteeism. You be the judge:
- -The practice of regularly staying away from work or school without good reason
- -A habitual pattern of absence from a duty or obligation
- -Unscheduled employee absences from the workplace
Did you know that breakdowns in family care are one of the largest causes of employee absenteeism? U.S. employers are losing billions of dollars every year because of it.
-Nearly half (47%) of adults in their 40s and 50s have a parent age 65 or older and are either raising a young child or financially supporting a grown child (age 18 or older). Also, about one-in-seven middle-aged adults (15%) is providing financial support to both an aging parent and a child.
– Pew Research Center
Every day working Americans rely on schools and hired care providers to be their primary source of coverage. What if your child gets sick and needs to stay home from school? What happens when school or day care is closed? What if your nanny or adult caregiver becomes ill? Who takes care of your loved one(s) when you have to work and your regular options are no longer options?
For most, the only solution would be to miss work. In today’s society, the choice of staying home and caring for one’s family vs. showing up at the office puts added stress on employees. Concern to maintain job security remains front and foremost. In the eyes of an employer, a present employee is viewed as more loyal and committed.
When an employee is unable to work, it can greatly decrease or in some cases stop productivity all together. In most instances, colleagues are left to pick up the slack and increase their own workloads. This can lead to resentment and poor morale and also to increased costs associated with overtime or temporary workers. Is it cost effective to have temporary workers in positions they are likely not trained for or over extending employees to churn out double their normal workload?
Isn’t the bigger question whether this leads to potential safety issues or to a lesser quality of goods and services? The end product is essential and that all comes back to the employee. Taking care of the employee makes way for the product and service to prevail.
There are loads of articles, blogs and videos suggesting ways in which to decrease absenteeism. Suggestions include lowering employee’s stress levels with everything from vending machines and casual Fridays to Zen Gardens and taking your pet to work. Of course, the most common answer is to offer generous and flexible PTO (paid time off).
Let’s get down to the bare and basic facts about PTO. Paid Time Off is great for the employee, period, but what about the employer? From a bottom line and productivity perspective, PTO still equals an absent employee. Generous and flexible PTO offerings create only half of a solution by providing the employee a WIN. Why not create a WIN WIN situation for everyone – the employer and employee?
Unexpected breakdowns in family care are inevitable and will continue to happen. However, realistic solutions have not always been readily available and have rarely been part of an employee’s benefit package. The financial impact on employers is staggering.
-Missed work days have a profound financial effect on a company’s bottom line, it is beneficial for most businesses to implement strategies to equitably monitor, reduce and respond to absenteeism
-Total annual costs related to lost productivity totaled $84 billion
-The Bottom-Line Killer, unscheduled absenteeism costs roughly $3,600 per year for each hourly worker and $2,650 each year for salaried employees
It is with great enthusiasm we introduce CorporateCARE Solutions. CorporateCARE Solutions is a national Back-Up Care Provider. We partner with employers nationally to provide Sick & Back-up Child and Adult Care services as an employee benefit. Companies, regardless of size, can benefit from this much needed service. Thanks to our nationwide network of highly vetted Care Providers, CorporateCARE Solutions comes to the employee. Care is provided in the employee’s home, hotel if traveling for business or wherever their loved ones reside. With CorporateCARE Solutions as a company benefit, employees will no longer have to utilize PTO, sick and vacation time when breakdowns in family care occur. #WINWIN!