What can Absenteeism Rate and Cost metric demonstrate? What is its importance to HRM and strategic decision-making? What would be learned from statistics derived from Absenteeism Rate and Cost metric

What can Absenteeism Rate and Cost metric demonstrate? What is its importance to HRM and strategic decision-making?
What would be learned from statistics derived from Absenteeism Rate and Cost metric?
Where might one find the raw data for Absenteeism Rate and Cost metric? How would it implement tracking Absenteeism Rate and Cost metric in an organizational dashboard/balanced scorecard?
What, if any, potential difficulties might create challenges in tracking Absenteeism Rate and Cost metric?
Provide an example of a calculationof Absenteeism Rate and Cost metric.