TITLE

Employee Absence Costs Keep Rising

PUB. DATE
May 2003
SOURCE
Financial Executive;May2003, Vol. 19 Issue 3, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on survey results that reveal that costs of employee absence continues to rise. It mentions that the survey was conducted by Mercer Human Resource Consulting and Marsh Inc. and states that the cost of time-off and disability programs averaged 15 percent of payroll for 2001, an increase of .4 percent since 2000. It mentioned that unscheduled absences which included incidental absence and sick days as well as short- and long-term disability and workman's compensation, rose to 4.7 percent of payroll in 2001. INSET: Workers' Compensation Cost Allocation.
ACCESSION #
9654823

 

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