Casual Articles
#1 in Business Subscribe Email Print

You are here: Home > Business > Business > Attendance and Punctuality Cost Companies Big Money

Tags

  • interim
  • considered
  • adjusted
  • employeesalaried workers
  • attendance policies

  • Links

  • Benefits of A Dry Basement
  • Fireworks Shows Around California On 4th Of July
  • Lifestyles and Decorating
  • Casual Articles - Attendance and Punctuality Cost Companies Big Money

    Interim Management - Increasingly Part Of The Plan
    Interim management has traditionally been seen as a reactive response to organisational failure. Increasingly, a new breed of interims are emerging – people who regard interim management as a career and have transferable leadership skills to work across sectors. Building in organisational capacity to accommodate career interims ‘as part of the solution’ is discussed.Interim management saw rapid growth in the private sector in the 1990s. It experienced a decline as the downturn bit in 2000 but has shown signs of picking up in the last eighteen m
    ne. Once he/she has reached the threshold he/she will be terminated.

    The use of an absenteeism policy that is progressive ensures that all workers are treated fairly. They are warned each time they are disciplined and cannot claim ignorance. Furthermore, the documentation provided at each level of the discipline gives an appearance of professionalism on behalf of the organization and a sense of fairness to the employee.

    Salaried workers can be under the same progressive attendance system as an hourly worker. The difference is that they cannot have their pay deducted. Once must also consider that salaried wor

    Covert Surveillance - Shoplifiting Prevention
    Call them what you will: Loss Prevention, Assets Protection, Security, or Store Detectives. The larger your store, the more you need to protect your assets from shoplifting. Shoplifting costs businesses millions of dollars every year. Protection is important, but if your customers feel like they're being watched, they'll feel uncomfortable and shop elsewhere. While a visual deterrent will make dishonest shoppers think twice about stealing, if you're interested in catching thieves, your surveillance will need to be covert. While a great camera sys
    If you have ever simply watched people at work you will find that many often come in late or miss work entirely for days on end. We may be able to draw a connection in our reasoning that says all these people showing up 10 minutes late can add up to lots of lost revenue for the company. The problem is how to control attendance issues and still treat everyone fairly?

    A CCH study on unexcused absenteeism indicates that 83% of employers feel that unexcused absenteeism will continue to rise. The problem is that absenteeism costs have been growing which now range around $800 per employee per year. It doesn’t seem like much but when this cost is multiplied by 10 or 20 employees the numbers speak for themselves.

    Absenteeism and Punctuality Policies

    Having an absenteeism and punctuality policy is important for any business with employees. Such policies help keep records on missed work time, encourage employees to attend work, and set a case for dismissal when an employee fails to follow the obligation of his/her work terms. The right kind of policy can save your company tons of money as the years go by.

    The first thing an owner has to determine is what status his employees fall into. Salaried and professional employees are typically considered “exempt” while hourly workers are “non-exempt”. Exempt means that the employees are not based upon their time at work but on the function of their job. They can work longer hours without paying overtime. Non-exempt employees are paid for each minute they are at work and are entitled to overtime pay.

    Hourly or non-exempt workers can have their pay reduced for anytime they miss from work while salaried or except workers cannot. For example, if a salaried worker misses 4 hours a day but work any part of that day their pay cannot be affected. The only time a salaried worker can have his/her pay adjusted is when on a leave of absence or when an entire day is missed for personal reasons. To punish the lateness of a salaried worker by adjusting pay creates a risk of entitling them to overtime.

    Attendance policies vary from company to company and from state to state. However, the best attendance policies usually have a progressive component to them. For example, verbal warning, written warning, suspension and termination would be part of a progressive discipline policy. The other method that could be used is the point system. As the worker receives points for attendance he/she will incur increase discipline. Once he/she has reached the threshold he/she will be terminated.

    The use of an absenteeism policy that is progressive ensures that all workers are treated fairly. They are warned each time they are disciplined and cannot claim ignorance. Furthermore, the documentation provided at each level of the discipline gives an appearance of professionalism on behalf of the organization and a sense of fairness to the employee.

    Salaried workers can be under the same progressive attendance system as an hourly worker. The difference is that they cannot have their pay deducted. Once must also consider that salaried work

    Playing the Product Name Game
    If you've ever held a brainstorming session to come up with new product names, you know that it is usually not hard to get people to attend. In fact, such meetings generally start off with a lot of enthusiasm and elation. This quickly fades though as the cold reality sets in. Naming a new product is really difficult.Naming a product is about as close as you can get to having a root canal without going to the dentist. Even done well with an expert team, it's an exercise in pain, frustration, and disappointment.Nevertheless, there are some
    much but when this cost is multiplied by 10 or 20 employees the numbers speak for themselves.

    Absenteeism and Punctuality Policies

    Having an absenteeism and punctuality policy is important for any business with employees. Such policies help keep records on missed work time, encourage employees to attend work, and set a case for dismissal when an employee fails to follow the obligation of his/her work terms. The right kind of policy can save your company tons of money as the years go by.

    The first thing an owner has to determine is what status his employees fall into. Salaried and professional employees are typically considered “exempt” while hourly workers are “non-exempt”. Exempt means that the employees are not based upon their time at work but on the function of their job. They can work longer hours without paying overtime. Non-exempt employees are paid for each minute they are at work and are entitled to overtime pay.

    Hourly or non-exempt workers can have their pay reduced for anytime they miss from work while salaried or except workers cannot. For example, if a salaried worker misses 4 hours a day but work any part of that day their pay cannot be affected. The only time a salaried worker can have his/her pay adjusted is when on a leave of absence or when an entire day is missed for personal reasons. To punish the lateness of a salaried worker by adjusting pay creates a risk of entitling them to overtime.

    Attendance policies vary from company to company and from state to state. However, the best attendance policies usually have a progressive component to them. For example, verbal warning, written warning, suspension and termination would be part of a progressive discipline policy. The other method that could be used is the point system. As the worker receives points for attendance he/she will incur increase discipline. Once he/she has reached the threshold he/she will be terminated.

    The use of an absenteeism policy that is progressive ensures that all workers are treated fairly. They are warned each time they are disciplined and cannot claim ignorance. Furthermore, the documentation provided at each level of the discipline gives an appearance of professionalism on behalf of the organization and a sense of fairness to the employee.

    Salaried workers can be under the same progressive attendance system as an hourly worker. The difference is that they cannot have their pay deducted. Once must also consider that salaried wor

    Top 7 Secrets For Small Business Success
    Every great corporation we see today started as a business idea. It must have started as a small business and developed into a large-scale business over time and effort. Having this in mind, success of these small businesses should be taken very seriously in order to have a virile and sustainable economic growth in any nation like ours.For example in Africa, Nigeria has about 35% return on investment, which is the highest in the world today, with this, there is room for small businesses to thrive and survive beyond 5 years of establishment. The gove
    are typically considered “exempt” while hourly workers are “non-exempt”. Exempt means that the employees are not based upon their time at work but on the function of their job. They can work longer hours without paying overtime. Non-exempt employees are paid for each minute they are at work and are entitled to overtime pay.

    Hourly or non-exempt workers can have their pay reduced for anytime they miss from work while salaried or except workers cannot. For example, if a salaried worker misses 4 hours a day but work any part of that day their pay cannot be affected. The only time a salaried worker can have his/her pay adjusted is when on a leave of absence or when an entire day is missed for personal reasons. To punish the lateness of a salaried worker by adjusting pay creates a risk of entitling them to overtime.

    Attendance policies vary from company to company and from state to state. However, the best attendance policies usually have a progressive component to them. For example, verbal warning, written warning, suspension and termination would be part of a progressive discipline policy. The other method that could be used is the point system. As the worker receives points for attendance he/she will incur increase discipline. Once he/she has reached the threshold he/she will be terminated.

    The use of an absenteeism policy that is progressive ensures that all workers are treated fairly. They are warned each time they are disciplined and cannot claim ignorance. Furthermore, the documentation provided at each level of the discipline gives an appearance of professionalism on behalf of the organization and a sense of fairness to the employee.

    Salaried workers can be under the same progressive attendance system as an hourly worker. The difference is that they cannot have their pay deducted. Once must also consider that salaried wor

    17 Essential Questions You Must Have Answered Before Selecting A Payment Processing Provider
    1. Merchant Accounts: What are the Visa, MasterCard & Amex Discount Rates?- Every Payment Processing Provider will have this fee. Discount rates can vary on from as low as 1.59% right up to as high as 5.0%. The Discount Rate is really not a discount. It is a % of your sales that the Credit Card Companies charges the Business Owner to be able to offer their customers to pay with their Credit Card. (Example: If you did $10,000 in Visa sales in one month and your Discount rate was 2.5% then you would pay $250 in fees to Visa that month.)
    ay adjusted is when on a leave of absence or when an entire day is missed for personal reasons. To punish the lateness of a salaried worker by adjusting pay creates a risk of entitling them to overtime.

    Attendance policies vary from company to company and from state to state. However, the best attendance policies usually have a progressive component to them. For example, verbal warning, written warning, suspension and termination would be part of a progressive discipline policy. The other method that could be used is the point system. As the worker receives points for attendance he/she will incur increase discipline. Once he/she has reached the threshold he/she will be terminated.

    The use of an absenteeism policy that is progressive ensures that all workers are treated fairly. They are warned each time they are disciplined and cannot claim ignorance. Furthermore, the documentation provided at each level of the discipline gives an appearance of professionalism on behalf of the organization and a sense of fairness to the employee.

    Salaried workers can be under the same progressive attendance system as an hourly worker. The difference is that they cannot have their pay deducted. Once must also consider that salaried wor

    Local Packers And Movers Can Make Our Shifting Easier
    When you plan to shift your house, local packers and movers comes out to be the best choice. Local transportation services are available within the 60 to 90 km radius of the city. They enhance the work of shifting in a very easy and reliable way. Some domestic packer services are available within the city but you should look at the benefits and the services these packing companies provide.The consumer should look at the point that these services are economical, cost effective and reliable. The services should be within the budget of local peo
    ne. Once he/she has reached the threshold he/she will be terminated.

    The use of an absenteeism policy that is progressive ensures that all workers are treated fairly. They are warned each time they are disciplined and cannot claim ignorance. Furthermore, the documentation provided at each level of the discipline gives an appearance of professionalism on behalf of the organization and a sense of fairness to the employee.

    Salaried workers can be under the same progressive attendance system as an hourly worker. The difference is that they cannot have their pay deducted. Once must also consider that salaried workers should be given notes-to-file instead of employee counseling reports (discipline) so that their “at-will” status is not in jeopardy.

    According to the U.S. Bureau of Labor Statistics a total of 2.8 million workdays a year are lost due to illness or injury. Assuming that the average worker made around 40K per year we would add 35% for benefits to come to a total compensation cost of 54K per year per employee. If we divide this 54K by 2080 worked in a year we come to $25.96/hour labor cost. A single employee absence for a day would cost the average company around $207.68 per day. Thus if you have 10 absences a year your cost would be around $2000. This figure doesn’t include the cost of the actual profit you would have lost due to not getting your products or services finished.

    Methods of Reducing Absenteeism
    1.) No-fault attendance policy
    2.) Progressive discipline
    3.) Incentives for good attendance.
    4.) Make the workplace more fun.
    5.) Pre-employment physicals and drug tests.
    6.) Conduct employment history investigations before hiring.
    7.) Value the attendance and contribution of each worker.
    8.) Attendance should be included as one of the criteria for raises/promotions.
    9.) Request medical documentation for all unexcused absences.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.casualarticles.com/article/403/casualarticles-Attendance-and-Punctuality-Cost-Companies-Big-Money.html">Attendance and Punctuality Cost Companies Big Money</a>

    BB link (for phorums):
    [url=http://www.casualarticles.com/article/403/casualarticles-Attendance-and-Punctuality-Cost-Companies-Big-Money.html]Attendance and Punctuality Cost Companies Big Money[/url]

    Related Articles:

    Tie Tacks - Keeping Suits Nifty One Necktie at a Time

    How to Avoid Long-Term Contracts When Buying Music On Hold

    The Rising Demand For Easy-Care Clothing

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com