What is the shrinkage % & How do you control it

Question

Accepted Answer

Shrinkage % is the difference between scheduled and actual work hours. It can be controlled by proper scheduling and monitoring.

Shrinkage % is the percentage of time that employees are not available to work during their scheduled hours.
It can be caused by factors such as breaks, meetings, training, and absenteeism.
To control shrinkage %, proper scheduling and monitoring is necessary.
Scheduling should take into account factors that contribute to shrinkage % and aim to minimize them.
Monitoring should be done regularly to identify any issues and take corrective action.
For example, if absenteeism is a major contributor to shrinkage %, steps can be taken to address the root cause, such as improving employee engagement or offering better benefits.
Regular training can also help employees understand the impact of their actions on shrinkage % and how to minimize it.
Overall, controlling shrinkage % is important for maximizing productivity and reducing costs.

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