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.

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