Employee absence has a direct impact on the profitability of businesses in terms of paying for absentee staff, hiring temporary staff and reduced productivity.
The problem of workplace absence can be managed only if one can analyse and report on trends of employee absenteeism. These trends can help identify the problem areas or problem employees so that they can be dealt with appropriately.
Mitrefinch's time and attendance software, TMS gives employers and administrators the right kind of tools for trends analysis.
TMS is built around The Bradford Factor, a widely-used tool for measuring the impact of employee absence. Many companies find that frequent, short periods of work absence are more disruptive overall than longer, less frequent work absence.
TMS systems allow the administration to profile employees through absence tracking. It measures how the work absences of individual employees are impacting the business by recording the number of absences as well as the duration of each incidence and providing a score for each employee.
With this information readily and quickly available, employers can see the real impact that employee absence has on their business allowing them to deal with problem areas before they do any more damage to the company’s bottom-line.
Mitrefinch clients have found that the introduction of the TMS time and attendance software has reduced employee absence and improved punctuality overall, ultimately increasing productivity and saving money for the company.