![]() It takes into account the number of times an employee has been absent, as well as the length of their absences, while the lost time rate only looks at the total number of hours missed. The Bradford Factor is a calculation that is used to measure employee absence. How does lost time rate compare to the Bradford Factor method? Offering employee assistance programs that provide support for employees who are dealing with personal issues.Having an open communication policy so that employees feel comfortable talking to their supervisor about any absences.Encouraging employees to take their holiday days.There are a number of ways that you can reduce the amount of lost time at your business. By taking proactive measures and communicating with your employees, you can help to keep lost time to a minimum. If you’re concerned about the lost time rate at your business, there are a number of steps you can take to reduce it. However, a lost time rate of more than five percent can be considered high and should be investigated further. There is no definitive answer to this question as it will vary from business to business. The cost of training new employees to replace those who left.Wages for employees who are not working.Lost time costs businesses money in a number of ways, including: The lost time rate is important for businesses because it can have a direct impact on the bottom line. Why is the lost time rate important for businesses? Employees being absent for other reasons (such as jury duty or bereavement).There are a number of factors that can contribute to lost time, such as: What factors contribute to a high rate of lost time ![]() ![]() In this example the answer would be a lost time rate of 7.5%. ( divided by ) multiplied by 100įor example if your employee could work a maximum of 40 hours per week, and they missed 3 hours of work, then the sum would be: The lost time rate is the amount of lost hours as a percentage of the total maximum possible hours worked. Is the lost time rate a useful calculation?.How does lost time rate compare to the Bradford Factor method?.What constitutes a high lost time rate?.Why is the lost time rate important for businesses?.What factors contribute to a high rate of lost time. ![]()
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