Posted 3 years ago - by

3 Ways Time & Attendance Automation Can Limit Labor Costs

Even though an automated Time & Attendance system is very economical, some employers still aren’t convinced that it’s more cost effective than manual systems.

Here are 3 important ways an automated Time & Attendance system can limit labor costs and yield a consequential ROI:

1. Employee Time Theft

If you haven’t caught any of your staff members fudging on their time cards—it’s only a matter of time (pun definitely intended). In a survey of over 500 retail and service industry staff members, over 30 percent admitted to blatant time theft. The two types they referred to specifically are buddy punching and recording incorrect start and end times.

2. Reduce Administrative Costs

With paper timesheets, your managers spends tedious hours troubleshooting timesheet inaccuracies and then manually entering the data into the payroll system. When your HR staff can submit payroll in minutes, they are free to work on business initiatives that have a bigger payoff. Overtime policing can also be time consuming, which leads us to number 3:

3. Minimize Expensive Overtime

Companies that mismanage overtime for hourly associates can really take a financial hit. Manual time and attendance systems don’t have built-in warnings to alert managers when employees are approaching or have exceeded their authorized hours. The larger your business, the more unexpected overtime costs you. Workforce Management Suite customizable overtime warnings are one of the most popular features in our system.

Bottom line

These are just some of the standard benefits of an automated time & attendance system. There are several other compliance based benefits as well, such as properly tracking meal breaks and properly paying meal break penalties! With a time & attendance system put in place, you can set up rules based on local, state, and federal policies keeping you always in compliance.

A cloud based Time & Attendance program will quickly pay for itself and continually save you labor expenses every single payroll!

Want more information? Fill out the form below:

Related Posts

How to Make a Clean Switch to a New Payroll Service Provider

Partnering with a payroll service provider offers significant benefits: cost savings, time savings, and minimized errors, among others To optimize these benefits, first you must find the right...

Read more...

Quick Guide to Overtime Pay Rules

Updates Effective January 1, 2020, new overtime rules were set by the Department of Labor for exempt employees—those who usually fall under the following categories: executive, administrative,...

Read more...

Legal Considerations When Using Biometric Clocks

Do you happen to use a Biometric Clock for your time labor management Perhaps you are considering using this option for your employees to clock in and out of work First, it is important to...

Read more...

Meal & Rest Break Requirements in the State of California

Meal & Rest Break Requirements in the State of California Many states have their own laws and regulations surrounding meal and rest periods - these laws can differ among industries as...

Read more...

Fair Work Week – A Scheduling Ordinance Coming to a City Near You

Local and state governments across the country are considering legislation and regulation on employee scheduling A handful of cities and one state have already put rules in place and others are...

Read more...

New Calculations for Overtime Pay in California

What is Overtime pay The Federal Fair Labor Standards Act (FLSA) requires employers to compensate non-exempt employees at a rate not less than 1 ½ times their regular rate of pay for more than 40...

Read more...

Leave a Reply

Your email address will not be published. Required fields are marked *

This article provides general information and shouldn’t be construed as legal or HR advice. Since employment laws may change over time and can vary by location and industry, please consult a lawyer or HR expert for advice specific to your business. You can also contact Payroll Systems to inquire about our HR support services.