HR Can Do It All!
Most of us an have ingrained desire to do ‘it all.’ We’re all chasing after the dream of a successful career, happy family life, healthy living, and early retirement.
This deep-rooted craving for maximizing our own potential is prevalent not only in our human spirit but in the organizations we’ve created as well. In every company, at every level, there is an inherent need to maximize productivity while minimizing costs.
In HR, it’s no different. Not only do you need to keep employees happy and productive, you need to ensure that you’re compliant with federal, state and company policies, and you need to appeal to your executive team by cutting costs to save the company money.
However, much like life, it becomes exhausting to do it all in HR. This is especially true when managing absence, the trickiest and most fickle of all employee benefits - with some of the biggest cost impacts.
It can be challenging to get a handle on leave management and truly understand the costs of absence because there are so many factors to take into account when analyzing leave events.
- Which parts of your leave programs are used the most in your organization?
- Do you know why those leave events are used so much more over others?
- Are you aware of how much the indirect costs of leave affect your company?
- Do you know which areas of leave cost you the most money?
Don’t worry if you don’t know the answers to these questions. Unfortunately, most HR professionals don’t and, not surprisingly, that means 54.3% of them also don’t know how much absence is costing their organization.
To understand how much leave costs your company, you have to be able to answer the questions above. To answer the questions above, you have to have a documented leave management program in place and excellent tracking capabilities. To achieve these goals – while improving productivity and continuing to ‘do it all’ you need the help of a leave management system.
With a leave management system you’ll be able to look at plan usage and cost to help you manage absence and leave events with greater efficiency and business impact — without busting your budget.
At the end of the day, your company will be able to stay on top of compliance, improve productivity, make sure you’re not giving away more leave than you had intended to.
That’s right, you’ll be doing it all.