Calculating the Rate of Absenteeism in Business

The video tutorial explains how businesses can calculate absenteeism rates, highlighting its importance and impact on operations. It covers two methods of calculation: daily and annual rates, using a car factory example. The tutorial discusses the implications of absenteeism on costs and productivity, and the importance of analyzing these rates to identify potential issues. It also explores contextual factors affecting absenteeism, such as company size and workplace culture, and suggests ways businesses can respond to high absenteeism rates.

What is absenteeism primarily concerned with?

• Measuring the number of employees hired

• Calculating the total revenue of a business

• Measuring the proportion of staff absent over a period

• Determining the number of products sold

Which of the following is a major consequence of high absenteeism in a department?

• Reduced operational costs

• Slowed business progress

• Enhanced business reputation

• Increased employee satisfaction

In the car factory example, what was the absenteeism rate on a specific day?

• 0.5%

• 10%

• 4.8%

• 2%

Why might businesses prefer to look at annual absenteeism rates rather than daily rates?

• Annual rates provide a broader perspective

• Annual rates are easier to calculate

• Daily rates are more accurate

• Daily rates are always lower

What can absenteeism rates reveal about a business?

• The potential issues in management and work culture

• The effectiveness of its marketing strategies

• The number of competitors in the market

• The quality of its products

How can businesses use absenteeism data to improve their operations?

• By ignoring the data

• By comparing it with industry and national averages

• By increasing the number of employees

• By reducing employee salaries

What is a potential reason for high absenteeism in a toxic work culture?

• Employees receive better benefits

• Employees are incentivized to stay home

• Employees feel more valued

• Employees are highly motivated