Key findings in the just-released ADP Research Institute's Total Absence Management Survey of over 250 HR professionals from large and midsize organizations reveal that wellness programs are reducing absenteeism.
According to an ADP press release, healthcare-related issues are the top reason for absences and account for about half of all absences in both large and midsized companies.
However, among companies that offer wellness programs, more than half of midsized (53 percent) and large (58 percent) employers report that these programs have significantly reduced absenteeism.
Other survey responses show that large companies (over 1,000 employees) report a higher average annual rate of absenteeism at 3.5 percent than do midsized companies (50-999 employees), with a rate of 3.2 percent.
Half or more of the decisionmakers in midsized (50 percent) and large (54 percent) companies report that absenteeism has reduced productivity. About one third (30 percent of midsized and 36 percent of large) say that it has reduced profitability, and at least 28 percent of midsized and large companies report increased operational costs.