Question: 1 ) ABC Industries, a 2 , 5 0 0 employee firm ( 3 0 hour work week ) , is faced with a serious,
ABC Industries, a employee firm hour work week is faced with a serious, and growing, absenteeism problem. Last year, total employee hours lost to absenteeism came to Of the total employees absent percent were blue collar average wage of hour percent were clerical average wage of $hour and the remainder were management and professional average salary $hour On average, the firm spends percent more of each employees salary on benefits, and, as company policy, pays workers even if they are absent The supervisors average salary of $hour involved in employee absenteeism problems estimate they lose minutes per day for each of the days per work year just dealing with the extra problems imposed by those who fail to show up for work. Finally, the company estimates it loses $ in additional overtime premiums, in extra help that must be hired, and in lost productivity from the more highly skilled absentees As HR director for Consolidated Industries your job is to estimate the cost of employee absenteeism so that management can better understand the dimensions of the problem. Calculate the total estimated absenteeism cost per employee pts Make sure you include the following in your answer:
a Weighted average wagesalary per hour per absent employee
b Cost of employee benefits per hour per absent employee
c Total compensation lost per hour per absent employee
d Total compensation lost to absent employees
e Total supervisory hours lost on employee absenteeism
f Average hourly supervisory wage, including benefits
g Total supervisory salaries lost to managing problems of absenteeism
h Cost of substitute employees
i Total estimated cost of absenteeism per employee
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