What is a realistic savings target to aim for?
Absenteeism is a reality for every organization. The associated costs for employers in the Netherlands were estimated at 23 billion euros in 2022 by Nationale Nederlanden. Often, organizations are unaware of the full impact that absenteeism has on their total cost structure. Imagine having a method to precisely calculate how much absenteeism costs your company and how to reduce these costs. What if you could determine exactly how much you could save by implementing targeted measures and setting a realistic absenteeism reduction goal? Curious about how to approach this and what the results could be? Read on to discover more.
We demonstrate the potential realistic savings in the following way:
Method?
We predict a lower and upper limit of absenteeism for the coming months to determine a realistic benchmark for each department.
Outcome?
We calculate the corresponding reduction by analyzing scheduled work hours, translating this into potential savings in euros.
What is needed?
- Absenteeism history
- Gross salary (hourly wages)
- Actual worked or scheduled hours (or percentage of time worked)
Added Value?
This approach not only provides a business case for the entire organization but also breaks it down by department. We determine a realistic, data-driven reduction target for each department, allowing for more focused and achievable goals.
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