Increase Attendance and Decrease Labor Costs
A comprehensive attendance program can save the equivalent of the salary of several employees each year.
A day off as an incentive for perfect attendance?
Why do an incentive program?
Reward and recognition are key factors in generating a high level of excitement for a successful program. An incentive award program offering merchandise rewards such as CD Players, Television Sets and Golf Clubs will generate employee interest and motivation. At the beginning of the program incentive award catalogs are distributed to all participants. When the employee takes the catalog home, winning becomes a family goal. Family evolvement then becomes an additional motivating factor.
Then add the factor of recognition. At the end of the year all employees can be awarded a tee shirt, jacket or some other visible evidence of their accomplishment. This helps the employee feel appreciated and gives them the opportunity to share their accomplishment with their coworkers. One cannot overestimate the importance of instilling the sense of appreciation. Many employees stay at a lower paying job than they otherwise might have because they do feel appreciated.
"If only half of your workforce achieves perfect attendance for the year your savings amount to a whopping 48,000 per year."
How much should a firm invest in an attendance program?
In the example above, if the workforce of 200 employees misses an average of 3 days each per year the cost per annum is $96,000. If only half of those employees achieve perfect attendance the annual savings is a whopping $48,000. Often firms enjoy collateral benefits of increased quality and productivity as well. Once the potential savings is estimated an intelligent decision can be reached as far as the expenditure to achieve the goal. A typical budget for an attendance program might be 25% of the estimated savings. See the strategies that other firms are using to increase attendance.
For additional information on wellness programs, contact us via email or call 1-440-234-9080. Start increasing attendance today!