Dealing with AWOL: Strategies for Managing Unauthorized Employee Absences Unauthorized absence, commonly known as AWOL, is a situation where an employee fails to report to work without giving any explanation to their employer or seeking prior approval. It is a problem that affects companies and organizations worldwide, and Thailand is no exception. When an employee goes AWOL, it causes a lot of inconvenience, including increased workload on other employees, delayed projects, and decreased productivity. In Thailand, the Labor Protection Act stipulates that if an employee is absent without official leave for three consecutive working days, they shall be considered AWOL and may be separated from the service or dropped from the rolls without prior notice. This can lead to the employee losing their job and the employer facing difficulties in finding a replacement, which can ultimately affect the company's bottom line. To avoid the negative consequences of unauthorized absence, ...
Losing Expertise: The Consequences of Employee Turnover Employee turnover refers to the number or percentage of employees who leave an organization and are replaced by new hires over a period. While some turnover is normal, excessive or unexpected turnover can be a major challenge for organizations. High employee turnover can have a significant impact on the bottom line, as the cost of recruiting, hiring, and training new employees can be quite high. It can also lead to decreased productivity and lower morale among remaining staff members. In this blog, we'll discuss some of the main problems associated with employee turnover in the workplace. Cost: The cost of replacing an employee can be quite high. It can cost up to two times an employee's annual salary to replace them, considering the costs of recruitment, training, and productivity loss during the transition period. High turnover rates can put a significant strain on an organization's budget, especially for small...
Effective Expense Management Strategies for Your Business Running a business comes with its own set of challenges, and one of the biggest ones is managing expenses. Beyond the essential operational costs, there are additional expenses that can quickly add up, such as travel costs, meals, transportation, mileage, and more. Running a business comes with its own set of challenges, and one of the biggest ones is managing expenses. Beyond the essential operational costs, there are additional expenses that can quickly add up, such as travel costs, meals, transportation, mileage, and more. As a member of the finance team, it's your responsibility to track and manage multiple employee expenses while ensuring that all of them are compliant with the rules set by the Thai Revenue Department. This can be a time-consuming and frustrating process that eats into your productive hours. However, there is a solution to this problem: an Expense Reimbursement Policy. This policy serves as a framew...
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