Absenteeism Calculator
The ripple effect of employee absenteeism on the workplace is felt by co-workers, supervisors and your bottom line. Some contributing factors include:
- Employee's Salary/Wage
- Benefits (typically 30% of the worker's salary)
- Increased Utilization of Benefits (health care, leave)
- Cost of Temporary Replacement Worker
- Supervisor's Time (managing worker & replacement)
- Opportunity Losses (missed sales, service, revenue)
- Impact on Co-Workers and Department (reduced productivity, morale)
- Lost Productivity (missed work, deadlines, meetings)
- Administrative Costs
- Overtime (absent worker or co-worker to complete work assignments)
- Effect of Chronic Absenteeism on Disciplinary Actions and Employee Turnover
- Effect on Employee (quality of work, self-esteem and reputation)
Calculating the costs of absenteeism incorporates many factors, including the employee’s salary/wage, benefits (typically 30% of the worker’s salary), supervisor’s time spent dealing with worker/replacement, and opportunity losses (missed sales, service, revenue).
Determine what absenteeism is costing you by using the MetLife Absenteeism Calculator.