Employee Absenteeism – The Hidden Profit Loss

Normally when one thinks about the things that cause companies to lose profits, they think of theft or waste of supplies. While it’s true that these things do much to lower a company’s bottom line, one of the biggest hits a company can take comes in the form of employee absenteeism.

Employees who miss work cause companies to lose a lot of money every year. How much money? Consider this from a story in the Dallas Morning News, The nation’s 300 largest employers estimate that unscheduled absenteeism costs their businesses, on average, more than $760,000 per year in direct payroll costs – and even more when lower productivity, lost revenue and the effects of poor morale are considered, according to a 2007 survey by the research firm CCH Inc.

Employees who call off sick may seem harmless, but it’s actually a huge detriment to a company’s bottom line. And in these cash-strapped times, companies can’t afford to be throwing that kind of money out the window.

While illness isn’t entirely avoidable, it can be lessened by the implementation of a good wellness program.

A wellness program is organized by companies to benefit the employees by making them aware of the importance of things like anti smoking campaigns, regular health checkups, a healthy life outlook and good physical conditioning. The primary motive of these wellness programs is to ensure the employees are being as productive as possible, which goes straight to keeping the company’s profit margins high.

There are plenty of corporate wellness programs to choose from, some good, some not so good. So, how do you find the best one available for your budget and company type?

There’s a new company called Wellnessquotes.com that does the hard work for you. With wellnessquotes.com, you’re able to fill out a simple form and receive quotes from the country’s leading wellness programs right in your e-mail. And best of all, the quotes are free.

Wellnessquotes.com isn’t a broker, they don’t take commissions, which means they’re not out to push one program over another. They’re an independent organization that researches and investigates every wellness program out there and decides which ones to invite into their network. This ensures that you’re getting the best of what’s available for your budget.

If you’re sick of seeing your company’s profits go out the door because of employees who call off sick, you should consider putting in a wellness program. Go to wellnessquotes.com right now and get your free quote delivered right to your e-mail.

Additional Resources

Wellness Programs :: Home Page
Wellness Programs :: Article on Betaflow
Wellness Programs :: Listed on Review-inc.com
Wellness Programs :: Information on Incprofile.com
Wellness Programs :: Article on 800review.com
Wellness Programs :: Article on 4WorkLife