Absence cost calculator

Employee absences can have a significant impact on your bottom line, from lost productivity to increased operational costs.

Use our absence cost calculator to get a clear understanding of how much absenteeism is costing your business—and where you can make improvements.

 

FAQs

What is an absence cost calculator?

An absence cost calculator is a tool that helps organisations estimate the financial impact of employee absences by calculating how much absence is costing them and how much they could save by implementing an absence management solution like GoodShape.

Why should I use an absence cost calculator?
An absence cost calculator provides insights into the true costs of employee absences, allowing you to make informed decisions about absence management strategies and reduce associated expenses.

 

What if I don't know my current absence rate?
Use our Absence rate calculator to calculate your current employee absence rate.
How does employee absence affect company costs?

Employee absences can increase operational costs, lead to decreased productivity, and sometimes require hiring temporary staff or paying overtime, all of which contribute to higher expenses.

How can using an absence management software reduce my absence costs?

Using absence management software reduces costs by providing real-time tracking, automating compliance reporting, and enabling better workforce planning. With accurate, data-driven insights, you can quickly identify absence patterns and address issues proactively.

Additionally, predictive analytics allow you to plan for peak times effectively, minimising the need for expensive last-minute staffing adjustments.

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Ready to see how GoodShape can help you save on absence costs?

Request a personalised demo today to see how GoodShape reduces absence, cuts costs, and improves productivity.

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