How to Accurately Calculate the Monthly Absenteeism Rate
Learn the essential formula for calculating the monthly absenteeism rate to assess workforce availability.
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To calculate the monthly absenteeism rate, use this formula: (Number of Absent Days / Total Workdays) x 100. For example, if there are 10 absent days and 200 workdays: (10 / 200) x 100 = 5%. This rate helps to assess workforce availability and address any underlying issues impacting attendance.
FAQs & Answers
- What does absenteeism rate indicate? The absenteeism rate indicates the percentage of workdays missed and helps assess employee engagement and organizational health.
- How can I reduce absenteeism in my team? Implementing flexible work schedules, offering wellness programs, and fostering a supportive work environment can help reduce absenteeism.
- What's the difference between absenteeism and turnover? Absenteeism refers to the number of missed workdays, while turnover measures how many employees leave and are replaced in the organization.