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Absenteeism

Financial Incentives

The use of layoffs and work-force reduction techniques by both large and small corporations has had a significant impact on the psychology of the average employee. Employees who might have previously had perfect attendance records out of a sense of loyalty to the company may tend to be absent from work more often in such circumstances. This lack of loyalty is based on a sense of equity; if the corporation’s loyalty ends at the bottom line, so does the employee’s. One way to reduce absenteeism in this environment is to attach economic incentives to attendance. This provides incentive for the employee to attend work based on loyalty to his or her own financial needs.
Contributed by Rod Price

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