Companies attempting to manage lost productivity in the current employment and benefits environment are facing a complex situation in which paper-based management is no longer sufficient. But before moving to an automated absence management system, the company has to consider — will it be worth the investment?
In the white paper “Cost Savings Impact & ROI of LeaveXpert®: An Optis Analytic Study,” Optis shares how one company saved over $8 million through the use of an automated, integrated absence management system. Optis conducted the study to measure the financial impact these systems have on the overall absence experience.
The analysis reveals that an automated leave management system can help companies:
- Reduce the number of days lost due to short-term disability
- Save millions of dollars by recapturing productive days from workers’ compensation claims
- Lower costs by reducing the flow-through rate of FMLA claims
At the conclusion of the study, the employer saved over $8 million by limiting lost time. The evidence is there: By utilizing a system across all leave types, the savings are more than significant enough to justify the investment in an automated absence management system. Read “Cost Savings Impact & ROI of LeaveXpert®: An Optis Analytic Study” to learn about the kinds of savings your company could realize with an automated absence management system.