Tackling presenteeism at the workplace with employee benefits

The cost of absenteeism is widely known. In fact, unscheduled absenteeism can conservatively cost businesses USD 2,650 for every salaried employee per year. It’s the more camouflaged counterpart, however, that is harder to quantify. According to CIPD research, presenteeism costs twice that of absenteeism. Now, you might be asking, “But what exactly is presenteeism?”, and, …

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How do employee benefits reflect your company culture?

Recently, a New Zealand firm trialed a four-day working week and called it an ‘unmitigated success’, stirring up heated discussions and envy over the Internet. In face of the increasingly competitive talent market, it seems that other than the paycheck, employee benefits package is getting more important in recruiting and retaining employees. As such, the …

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