Keep track for absenteeism with pay Solutions cloud-based Leave Management system
Would it surprise you to know that the average cost of employee absence from work result to an equivalent of 35% of your employee’s salaries? The net cost of absenteeism in terms of productivity is 19%, according to a study conducted by MERCER. Statistics South Africa estimates that the cost of absenteeism amounts to roughly 12 billion rand per year. In a market that is taking particular strain under the current economic conditions, high rates of absenteeism can cost your company financially as well as through lowered productivity, be it a small company, medium business or a large corporate organisation. While the cost of absenteeism and the corresponding loss of production can be quantified, the issue around how to manage leave and absenteeism within your company is less measureable. With the inevitable split between HR departments and systems and those of payroll, within many organisations, calculating the cost of leave management is an area which is particularly affected as a result.
Leave Management is typically an HR function. Systems need to be put in place so that employee’s absenteeism can be correctly accounted for, accurately managed and effectively monitored. Your human element in your company does not easily align itself to systems and procedures. Humans are more erratic and incidents will happen on a daily basis which will affect the running of your business as a result of absence from work and loss of productivity. HR are the eyes and ears of the business, looking for signs of habitual leave takers and leave abuse but the actual stats of the cost of this will come from your payroll Department or system. Companies with an interest in effectively managing the leave processes will be impressed to finally find a way to perform all of the functions required to manage staff leave, in one united and coherent system. Pay Solutions offers their clients just such a system. By adding our HR module onto your current Pay Solutions payroll, you can manage everything to do with leave and absenteeism from the one amalgamated system. Your payroll and HR systems do not need to be duplicated or recaptured in order for you to access all relevant reports and statistics that you will need for both managerial and financial purposes. The process of requesting and capturing of leave is automated and simplified with technology removing the need for a paper-trail. Accuracy is therefore guaranteed as human error is eliminated from the equation. Technology that is cloud based means that leave can be captured and approved within a matter of seconds through the processing of your nearest smart device; regardless of whether are you at your work desk, on client site and in fact anywhere in the world at all. Parameters for leave are set up on initiation and thereafter the monitoring of your absenteeism becomes effortless. Pay Solutions also offers our clients access to an HR consultant to assist with any queries regarding compliance and legislation regarding leave as well as all other aspects of HR.
Would it surprise you to know that the average cost of employee absence from work result to an equivalent of 35% of your employee’s salaries? The net cost of absenteeism in terms of productivity is 19%, according to a study conducted by MERCER. Statistics South Africa estimates that the cost of absenteeism amounts to roughly 12 billion rand per year. In a market that is taking particular strain under the current economic conditions, high rates of absenteeism can cost your company financially as well as through lowered productivity, be it a small company, medium business or a large corporate organisation. While the cost of absenteeism and the corresponding loss of production can be quantified, the issue around how to manage leave and absenteeism within your company is less measureable.
With the inevitable split between HR departments and systems and those of payroll, within many organisations, calculating the cost of leave management is an area which is particularly affected as a result. Leave Management is typically an HR function. Systems need to be put in place so that employee’s absenteeism can be correctly accounted for, accurately managed and effectively monitored. Your human element in your company does not easily align itself to systems and procedures.
Humans are more erratic and incidents will happen on a daily basis which will affect the running of your business as a result of absence from work and loss of productivity. HR are the eyes and ears of the business, looking for signs of habitual leave takers and leave abuse but the actual stats of the cost of this will come from your payroll Department or system. Companies with an interest in effectively managing the leave processes will be impressed to finally find a way to perform all of the functions required to manage staff leave, in one united and coherent system.
Pay Solutions offers their clients just such a system. By adding our HR module onto your current Pay Solutions payroll, you can manage everything to do with leave and absenteeism from the one amalgamated system. Your payroll and HR systems do not need to be duplicated or recaptured in order for you to access all relevant reports and statistics that you will need for both managerial and financial purposes. The process of requesting and capturing of leave is automated and simplified with technology removing the need for a paper-trail.
Accuracy is therefore guaranteed as human error is eliminated from the equation. Technology that is cloud based means that leave can be captured and approved within a matter of seconds through the processing of your nearest smart device; regardless of whether are you at your work desk, on client site and in fact anywhere in the world at all. Parameters for leave are set up on initiation and thereafter the monitoring of your absenteeism becomes effortless. Pay Solutions also offers our clients access to an HR consultant to assist with any queries regarding compliance and legislation regarding leave as well as all other aspects of HR.
