Even though Workforce Management Suite is very reasonably priced, some employers still aren’t convinced that it’s worth it and hang onto pen and paper time and attendance systems. Today’s message is addressed to employers who are using manual Workforce Management procedures because they don’t believe that investing in an automated system will yield a significant ROI.
Here are 3 critical ways Workforce Management Suite helps organizations control labor costs:
Employee Time Theft
If you haven’t caught any of your employees 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 calculated time theft.1 The two types they referred to specifically are buddy punching and recording erroneous start and end times.
Buddy punching, logging incorrect start times, and early punch-ins and late punch-outs result in an average of 4.5 fraudulent hours per week, per employee. For one worker earning $10 per hour, that can be a loss of $45 per week.
Minimize Administrative Costs
With old school manual timekeeping systems, your managers spend tedious hours troubleshooting timesheet inaccuracies and then manually slinging the data into the payroll system. When your HR staff can process payroll in minutes, they are free to work on organization initiatives that have a bigger payoff. Overtime policing can also be time-consuming, which leads us to number 3:
Control Costly Overtime
Companies that mismanage overtime for hourly team members can really take a financial hit. Manual time and attendance systems don’t have built-in alerts to inform managers when staff members are approaching or have exceeded their authorized hours. The larger your organization, the more unplanned overtime costs you. Workforce Management Suite customizable overtime notifications are one of the most popular features in our system.
Workforce Management Suite will quickly pay for itself and continue to save on labor rates every single payroll!
1“Employee Theft No Longer an If-It Is Now How Much!,” Kessler, https://investigation.com/2013/04/26/employee-theft-longer-now-much/, accessed March 6, 2017
Accurate Data Payroll Processing offers WorkforceHUB, the unified Human Resources portal that makes it easy to optimize the performance of your supervisors, employees, and organization.
WorkforceHUB includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. We’ve just added onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB is designed for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and decrease labor costs.
How much can you save? Check our Accurate Data Payroll Processing ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to schedule a demo.