Research conducted by The Guardian Life Insurance Company of America revealed that companies that have a formalized absence management process have: reduced direct costs by 50 percent, reduced employee lost time by 22 percent, and increased productivity by 21 percent.* With Oracle Modern Best Practice, retailers can leverage mobile, social, analytics, and cloud to reduce tardiness and absenteeism and improve productivity. Create flexible and streamlined absence management processes that align with statutory and organizational policies. Optimize the accuracy, efficiency, and effectiveness of your scheduling. Create absence policies that balance full- and part-time, seasonal, and contingent staffing needs with organizational goals. Monitor absence trends to ensure productivity and customer service across merchandising, fulfillment, planning, sales, and store associate teams. Simplify absence processing and regulatory compliance.
* Source: The Guardian Life Insurance Company of America, “Companies Are Making Strides with Employee Absence Management. How Can They Do Better?” 2017
Ensure compliance with regulations and corporate policies using insight-driven definitions of absence and leave plans while addressing seasonal needs at the department level.
Configure different absence and entitlement criteria, eligibility rules, and accrual definitions.
Enable employees to enter all types of absences from any mobile device using self-service dialogs.
Calculate leave balances for temporary and/or contingent employees and their managers. Provide accurate information as needed throughout the year.
Analyze absence trends across department and store. Provide insight and guidance on issues such as management effectiveness and employee satisfaction.