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1. The Circadian report specifies that unscheduled absenteeism can cost around $3,600 per year for hourly workers and $2,650 for salaried employees, accounting for replacement labor, productivity loss, and administrative expenses. SOURCES: The Cost of Absenteeism and the Reasons for It & Absenteeism costs employers billions of dollars every year
2. The CDC highlights the significant financial impact of absenteeism in high-demand industries, such as defense, where specialized roles make it more challenging to manage and mitigate productivity losses. SOURCES: Worker Illness and Injury Costs U.S. Employers $225.8 Billion Annually & The True Cost of Employee Absenteeism
3. Employees who are caregivers are more likely to use FMLA leave, which can be costly for the company due to lost productivity, administrative expenses, and temporary staffing needs. SOURCE: https://www.bmwe.org/cms/file/12152023_093004_FMLASERVICEMEMBER.PDF
These statistics emphasize the importance of proactive support for caregivers to reduce stress and minimize the risk of costly mistakes and turnover. By implementing The GEM Way, companies can provide tailored support for these employees, helping to maintain productivity and employee well-being.
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