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.
Employee absenteeism is costing South African companies between R12 billion and R20 billion a year. This is the finding of a white paper compiled by Bytes Systems Integration and US-headquartered Kronos, the worldâs leading provider of time and attendance systems.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.