Connect with us

Trends

Suppliers to Benchmark the Cost of Auto Industry Absenteeism

A dozen U.S. auto suppliers hope next month to finish a two-year effort to determine the cost of lost productivity due to absenteeism and “presenteeism” -people who are on the job but not functioning at appropriate productive levels. The group, dubbed the Automotive Supplier Action Committee, says it focused upon the industry’s hourly workforce, where absenteeism is roughly 10 percent, or about three times that of other industries.

Advertisement

From MEMA Industry News

Advertisement
Click Here to Read More
Advertisement

TROY, MI — A dozen U.S. auto suppliers hope next month to finish a two-year effort to determine the cost of lost productivity due to absenteeism and “presenteeism” -people who are on the job but not functioning at appropriate productive levels.

The group, dubbed the Automotive Supplier Action Committee, says it focused upon the industry’s hourly workforce, where absenteeism is roughly 10 percent, or about three times that of other industries.

The committee is working with Towers Perrin and the Integrated Benefits Institute, a San Francisco-based nonprofit organization that has benchmarked the cost of absence-based lost productivity in other industries.

IBI studies of other industries indicate that effectively managing factors that can contribute to absenteeism-from poor worker-supervisor relationships to improperly handled chronic health problems-can improve productivity enough to yield the equivalent of up to 20 percent of net income.

The group has tentatively scheduled an invitation-only meeting at Delphi Corp. in Troy, Mich., on Feb. 4 to discuss the benchmark findings and decide what to do about them.

_______________________________________

Click here to view the rest of today’s headlines.

Advertisement

POPULAR POSTS

Sponsored Content

4 Mistakes Even a Pro Can Make When Installing a Water Pump

Sponsored Content

5 Reasons to Upgrade Your Spark Plugs

Sponsored Content

Why Trucks Are The Future Of The Aftermarket Sweet Spot

Sponsored Content

How to Talk to Customers About Aftermarket Spark Plugs

Connect