he term absenteeism for the first time was defined by the labor bureau, similar in a circular of the of the department ,Government of India starting “Total man shifts lost because of absence as a percentage of the total number of man shifts schedule to work.” 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.