Benefits Listed below are some ways an automated Time and Attendance system can provide substantial cost savings and additional benefits.
Eliminate clerical costs. An automated system eliminates the need to have payroll clerks calculate hours from time cards
Reduces Manual errors. People make mistakes entering
information. Numbers and dates can be transposed leading to miscalculations
Eliminate redundancy. Information stored in Time and Attendance can
be used for other systems such as Payroll, Labor Forecasting and Job
Costing systems
Increased Productivity. Instead of numerous phone calls, supervisors and payroll staff can use the system to authorize time card exceptions, such as overtime. Employees can use the system to perform their own inquiries.
Expedite Employee Inquiries. The Employee Self Serve module can be
used by employees to review hours, benefits and request vacation time. Instead
of answering an employees request for available sick time, the payroll staff is
free to perform more important tasks.
Consistent Non-Bias Application of Payroll rules. Since all workrules are
stored in the computer and applied during operations consistently each and every
time, bias is eliminated. Furthermore, exceptions require proper authorization
which is recorded by logon and date and is available for review..
Improve Labor Forecast. The historical database of time cards summarized by various categories can substantially help forecasting of labor. Historical data can also aid in arbitration case since an employee's errant behavior can be easily interrogated.
Empowers employees. Employees can get information about
vacation and other data quickly and without relying on the payroll departments
availability.
Please see the Cost Justification example to see
actual dollar figures related to savings.
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