strait definition: The definition of a strait is a difficulty or a hard situation. (noun) An example of a strait is a poor family being in âdire straits.â...
1. The cost of presenteeism has now surpassed the cost of absenteeism. Presenteeism, which refers to sick employees who come to work instead of staying at home, now surpasses $180 billion annually.Absenteeism, where the employee does not report to work, costs $118 billion annually and medical expenses and lost productivity.Employee illness can be grouped into five different categories.bsenteeism, where the employee does not report to work, costs $118 billion annually and medical expenses and lost productivity. Employee illness can be grouped into five different categories.
Figures indicate that 36% of payroll is linked to employee absence; and that World Cup-related absenteeism cost the South African economy as much as R750 million.âThe Chamber of Commerce has stated that it believes absenteeism is costing the economy R12 billion,â adds Gilmour.igures indicate that 36% of payroll is linked to employee absence; and that World Cup-related absenteeism cost the South African economy as much as R750 million.