<H3>• How Absenteeism Affects the Bottom Line— </H3>

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”The survey found that the direct cost of paid time off for full-time employees in 2013—accounting for wages, overtime and replacement workers—was equivalent to 15.4% of payroll. ”When indirect costs such as lost productivity were added, the total cost of paid time off was between 20.9% and 22.1% of payroll, with unplanned absences having the highest overall cost….” Please visit this link to read the full report: LinkToArticle NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2014 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/

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