What should employers control to effectively manage costs?

Effective cost management in a workplace can involve various strategies, but controlling absenteeism is particularly critical. High levels of absenteeism can directly impact productivity and increase labor costs since employers may have to pay overtime to cover shifts or hire temporary employees. Moreover, when employees are frequently absent, it can lead to disruptions in workflow, decrease team morale, and ultimately affect overall job performance.

By addressing absenteeism, employers can ensure a more stable and reliable workforce, which helps maintain consistent output and reduces the financial burden associated with unplanned staff shortages. This often involves implementing strategies to improve workplace conditions, employee engagement, and wellness programs, which can contribute to reducing the overall rate of absenteeism and enhancing employee retention.