Absenteeism
is a serious workplace problem and an expensive occurrence for both
employers and employees seemingly unpredictable in nature. A
satisfactory level of attendance by employees at work is necessary to
allow the achievement of objectives and targets by a department.
Employee Absenteeism is the absence of an employee from work. It is a
major problem faced by almost all employers of today. Employees are
absent from work and thus the work suffers. Absenteeism of employees
from work leads to back logs, piling of work and thus work delay Absenteeism has been defined by various authorities. According to WEBSTORS DICTIONARY – “Absenteeism is the practice of habit
of being an “absence” is one who habitually stays away “.
“In other words it signifies the absence of an employee from work when
he is schedule to be at work”, it is unauthorized, unexplained and
willful absence from work. One
of the most significant factors: Determining the productivity and
advancement of industries lies in the efficiency and experience of
workers. Includes the role of workers in terms of their responsibility
towards industrial production. But attainment of such objective is not
possible so long as the extent of absenteeism and labor turn over is not
reduced infact absenteeism is the main obstacle in advancement o
industries.
The success of any service industry depends largely on the workers, the
employees are considered as the backbone of any company. The study aims
at the causes of absenteeism of employees in Investleaf Management
Solutions Pvt. Ltd. At present, organizations in India take real
interest in controlling absenteeism. Measures to prevent strikes and
lockouts have received far and greater attention. One reason for this
situation may be that strikes and lockouts are more noisy and visible
while absenteeism is silent and unnoticeable.
The relevance of the study is that, now the company is facing a major
issue of high rate of absenteeism and hope that the study will reveal
the reason for it and thereby the organization can take effective
measures for checking the absenteeism. The study is on employee
absenteeism in Investleaf Management Solutions Pvt. Ltd. This study can
be helpful to the management to improve its core weaknesses by the
suggestions and recommendations prescribed in the project. The need of
this study can be recognized when the result of the related study need
suggestions and recommendations to the similar situation.