According to a new survey, big companies say their employees don't show up 3.5 percent of the time. Many of them don't think it's hurt productivity or profits.
The ADP Research Institute surveyed 254 hiring managers from medium-sized and large companies about employees who don’t show up to work. Here’s what they found…
- People are more likely to play hooky at big companies (a 3.5 percent annual rate of absenteeism) than at companies with fewer than 1,000 employees (3.2 percent).
- Only one-third of decision-makers say that’s reduced profitability. Only about half say it’s hurt productivity.
- “Healthcare-related issues are the top reason for absences and account for about half of all absences in both large and midsized companies.” Half of surveyed employers say company wellness programs cut down on absences.
- Big employers are more likely to punish employees for missing work than medium-sized ones, 47 percent versus 35 percent.
The survey also includes some stats that support the absence-tracking software ADP’s peddling, but that’s probably not so interesting to most people. (If it sounds fascinating to you, they’re having a webinar this afternoon, Oct. 3, at 3 p.m. EST.)