However, with that said, workers take maternity leave, projects get delayed due to budget constraints, employees...
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come down with unexpected illnesses or need to care for loved ones, etc. No system can recognize these cases; only supervisors, and possibly HR. So, when it comes to people, make sure to consider the human issues, which are the domain of supervisors: They'll know whether an employee will return tomorrow, in a few days, or never.
In the worst-case scenario, such as you disable an account just in time to find out that the worker is returning the next day, and you need to re-enable it, experience says that re-enabling doesn't simply involve making a call, but rather following a process that could take hours or days. I'd suggest following your CIO's advice.
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