UNKNOWN
Professor:
Human Resource Management
June 6, 2010
Time and attendance Policies
One Human Resource problem that organizations have straight off is in time and attendance. Two of the questions that were asked in a choose done in a social club for a cessation of trey years were: What are the benefits of reduced absence seizure pass judgment to organizations operating in the highly competitive field of vertical in time receipts, and How does absence affect follow and profitability as a result of the need for unorthodox workers? (Marsden and Moriconi, 2010)
The article declared that monthly sickness absence and exploit figures were collected for 45 workplaces from one company over three years period. From the data the effects of changes in a IT depots absence rate on its performance. This is in terms of unit cost, fiber of service and profitability, were measured. This data was combined with employee feedback. (Marsden and Moriconi, 2010)
These studies improve the productivity of the company as well as the employees moral. The article also stated that a considerable savings were made as the pie-eyed reduced absence rates from around 7 per penny to around 4 per cent over the three years.
The capriciousness of absence made it difficult for depots to hit their preservation and service quality targets which resulting in higher cost and reduced profitability. For exercising a one percentage increase in absence caused the company as a whole to miss it cost targets by an estimated $400.00 a year, and to miss profitability targets by an estimated $1.3 million a year when annual profits were approximately $10 million. (Marsden and Moriconi, 2010)
The study also showed that timely collections and deliveries were essential to build client confidence for the high volume and more timely delivery services. The study also showed the
staff interviews, and the employee attitude data, also showed how efficacious workplace consultations and...If you want to get a full essay, stray it on our website: Ordercustompaper.com
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