To calculate your organization's absenteeism rate we suggest this formula:
a. Number of Employees in the Company/Department:
b. Average Monthly Salary per person (or expected pay):
c. Benefits (estimated 35% of monthly salary):
d. Total Monthly Compensation:
e. Average number of workdays missed in the month:
Total Cost of Absenteeism Annually:
Average Cost of Absenteeism Per Day:
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute