PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Multicultural Business Council

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Cost of Presenteeism Surpasses Absenteeism According to SHRM - Presenteeism, which refers to sick employees who come to work instead of staying at home, now surpasses $180 billion annually. Absenteeism, where the employee does not report to work, costs $118 billion annually and medical expenses
Cost of Presenteeism Surpasses Absenteeism According to SHRM

 

NewswireToday - /newswire/ - Rochester Hills, MI, United States, 2007/01/26 - Presenteeism, which refers to sick employees who come to work instead of staying at home, now surpasses $180 billion annually. Absenteeism, where the employee does not report to work, costs $118 billion annually and medical expenses.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The cost of presenteeism has now surpassed the cost of absenteeism. Presenteeism, referring to sick employees who come to work instead of staying at home, now surpasses $180 billion annually. Absenteeism, where the employee does not report to work, costs $118 billion annually and medical expenses and lost productivity.

Employee “illness” can be grouped into five different categories. The Society for Human Resource Management (SHRM) breaks down the impact in this way:

1. Personal illnesses account for 35%
2. Family issues make up 21%
3. Personal needs combine for 18%
4. An entitlement mentality accounts for 14%
5. Stress makes up the final 12%

SHRM figures refer to absenteeism alone, therefore may not be applicable in the same percentages to presenteeism. However all instances of presenteeism will fall in one of the categories. This occurs when, for example, an employee has family issues to deal with however they do not feel the entire day needs to be taken off of work. They will make the necessary phone calls to resolve the family issues on company time. In the case of the entitlement mentality, when employees see other employees taking long lunches or breaks or making personal phone calls on company time they feel they are also entitled to do the same.

It is important to note that in some cases presenteeism contributes to the cost of absenteeism. This occurs when an employee is contagious and spreads germs to other employees in the workplace. These newly infected employees will elect to deal with their illness through either absenteeism or presenteeism.

A likely culprit in the increase of presenteeism is a lack of “no-fault” sick time. No-fault sick time refers to allowing employees to take their sick time without having to provide an explanation of why the time is taken. This reduces the amount of presenteeism as employees no longer feel they must act sick to qualify for a sick day. However once an employee begins to run out of sick time, or is only allowed minimal sick time during the year, presenteeism becomes a manner of choice when dealing with the five areas identified by SHRM.

According to Multicultural Business Council (MBC) (mbcglobal.org), a cultural empowerment organization based near Detroit, Michigan, absenteeism policies are creating specific cultures within the larger corporate culture. When an employee changes jobs from a company that has a restrictive absenteeism policy to a company with a less restrictive absenteeism policy, they will quickly learn to adapt to the new culture. However, employees moving in the opposite direction, from less restrictive to more restrictive absenteeism policies will take longer to adopt to the culture of the company.

“It seems an entitlement mentality is a key player as employees look at sick pay policies at their company versus the policies at companies have previously worked with or have friends or family working for,” according to MBC spokesman Rick Weaver. “Understanding the motivational factors of a team of employees can reduce the negative impact from presenteeism and absenteeism.”

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Multicultural Business Council

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Cost of Presenteeism Surpasses Absenteeism According to SHRM

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Rick Weaver - MBCglobal.org 
rick[.]mbcglobal.org
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Multicultural Business Council securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Multicultural Business Council / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

LexisNexis Receives 2017 Corporate Leadership Award from Freedom House for Activism in Advancing the Rule of Law
Societe Generale Named ‘Distinguished Provider of Transaction Banking Services’ by FImetrix
ALM Wins 2 Awards at 2017 Jesse H. Neal Awards
ALM’s ThinkAdvisor Launches Life/Health Channel
The National Law Journal Unveils Monthly Print Magazine
Societe Generale Selects HPD Software to Support its International Factoring Expansion
GE Closes Sale of Consumer Finance Business in France - Last Major Closing of GE Capital Exit Plan
Lazard Global Listed Infrastructure Fund Wins Two Lipper Fund Awards
Global Brands List of 2017 Awarded Elite Capital & Co. the Best Financial Brand in United Kingdom
FTI Consulting Receives Recognition in the Legal Industry
FinTech Start-ups Disrupt Business Models, Customer Engagement and Financial Services Delivery in Europe Finds Frost & Sullivan
Elite Capital & Co. Limited Signs Deal with ACB Investments Holding
LexisNexis® Business Insight Solutions Expands Risk Management Portfolio with New Risk Media Monitoring Solution
GE to Sell Shares in Hyundai Card Co. to Hyundai Commercial, Affinity Equity Partners and Other Investors
Societe Generale Named Best Trade Finance Provider in Western Europe and Emerging Markets by Global Finance

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)