Accountants are 50% more likely to be sick before your taxes are due
You’ve probably heard the old adage that “nothing in life is certain but death and taxes.
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For most organizations, time-off management is an essential part of managing their workforce. Unscheduled time off, for instance, can throw a wrench into established employee schedules and can cause potential overtime and compliance issues. But whether scheduled or unscheduled, employee absences have a huge impact on the overall productivity of an organization, and can directly affect the bottom line.
Studies conducted by global consulting firm Mercer to measure the effects of employee absences show that all forms of unplanned absences can negatively affect payroll by as much as 9%. Clearly, it is time for organizations to take their time-off and vacation policies very seriously.
Here are some things your company should consider when implementing time-off policies:
To stay on top of these challenges, organizations are automating their processes around time-off management in the cloud. These are organizational benefits you can realize:
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You’ve probably heard the old adage that “nothing in life is certain but death and taxes.
These days, people love to work remotely and choose their own hours.
An article in the Wall Street Journal this week (paywall, subscription needed) noted that schools across the c…