Absenteeism has been around as long business themselves, and has always had a damaging effect on any businesse’s productivity, even more so with the downturn of economy. Companies are increasingly looking for ways to cut costs and stay productive.
UK state broadcaster Rajini Vaidyanathan stated that “Absences through sickness cost the British economy £10bn a year. With pressure on all employers to tighten their belts, this is one area where many are seeking to make savings.”
In the effort to increase productivity and reduce absenteeism rates employers have recently started adopting new incentive programs in order to help employees resist the eager temptation of calling in sick, BBC reports.
Employees with perfect attendance could see rewards as big as brand new cars, or even lump sums of cold hard cash. Companies offering incentives to employees who maintain good attendance records have already begun to see positive results. Their attendance records are improving, while the numbers of sick days are slowly diminishing.