Open AccessEffects of Absenteeism on Company Productivity, Efficiency, and Profitability
Author(s) -
Mehmet C. Kocaküläh,
Timothy G. Bryan,
Stevie Lynch
Publication year - 2018
Publication title -
business and economic research
Language(s) - English
Resource type - Journals
ISSN - 2162-4860
DOI - 10.5296/ber.v8i1.12395
Subject(s) - absenteeism , profitability index , productivity , business , marketing , labour economics , industrial organization , demographic economics , economics , management , finance , economic growth
As the age of the 9 to 5 workday comes to close and employment situations become more and more complex with the rise of ever-growing technology, employers are experiencing ever-increasing costs of absenteeism. The purpose of this research paper is to answer the general question of how absenteeism affects a company’s productivity, efficiency, and profitability. We seek to assist a company in understanding what absenteeism is, how to determine whether or not an absenteeism problem exists in the company, and how to recognize and eliminate issues related to absenteeism. Specific causes of absenteeism will be discussed, along with respective solutions that some companies are using to deal with these issues. We will conclude with a consideration of how companies can implement specific, company-wide policies and organizational culture to attempt to combat absenteeism in the workplace.