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A Timekeeping Solution that Fits Your Workforce

 
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Many factors impact your company’s bottom line, and time and attendance are amongst the top. Attendance and time management are essential to supervising and cultivating a strong workplace and healthy culture. The cost of absenteeism and time theft have a far greater bearing on your bottom line than the cost of wages and benefits.  

By implementing and automating a time and attendance software solution, you can:

 

  •           reduce time theft
  •           reduce labor and administrative costs
  •           reduce tardiness and overtime costs
  •           produce accurate wage projections

 

 

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Time theft is common and defined as payment to an employee for time that is not actually worked. Inflated payroll combined with lost productivity can cost employers more than $400 billion annually. There are many ways that a company can suffer losses from time fraud:

 

  • buddy punching
  • early arrival
  • overtime

 

Whether your workforce is static or mobile, there is a solution that fits your needs.

 

Monitoring attendance is also critical to ensure a healthy culture, high morale and the fulfillment of your employees’ obligations to your organization. When attendance and punctuality are in alignment, increased productivity is a positive byproduct.

 

The main advantages of tracking and monitoring time and attendance are:

 

  •           reducing errors
  •           increasing productivity
  •           saving time & money
  •           security
  •           easy adjustments

 

 

There are also other tactics that you can evaluate in conjunction with your customized time and attendance system to create a wholistic approach and awareness to your bottom line. Take the time to contact your local local Payroll Vault office to learn more about wrangling in your bottom line. 

 

 

 

Published on:

January 30, 2019

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All, Blog, Compliance, Payroll Service, Human Resources, business, scheduling, hr, Timekeeping

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