Managing employees’ time and attendance sounds like hard work for any Human Resources department, even the smallest of companies spend an inordinate amount of time with reports, payroll, and holiday time calculations, the list can seem endless at times.
Many are unaware of the tremendous benefits afforded through the use of Time and Attendance software. Here are just a few:
The Time is Up for Clocks and Cards
If your company is still using a time clock, you are hemorrhaging a great deal of money out of your payroll department. On average, dispensing, collecting, calculating, and purchasing time cards costs roughly eighteen minutes per employee, per week. That’s around fifteen hours for each employee annually. Everyone knows, in business, time is money!
Help Those Who Help Themselves
Although it is simply “part of their job”, Payroll and HR collectively, or separately, spend hours over the course of a year looking up data for employees: vacation time due, verifying days or hours worked, scheduling questions, and many more inquires. Time and Attendance software allows employees to find this information out for themselves.
Absenteeism Adds Up
While some employers may feel that an absent employee is reducing payroll, it is actually costing companies more. According to CIPD (Chartered Institute of Personnel Development) research, 90% of businesses say that absenteeism is “a significant cost” for their company. Sickness generally accounts for eight lost working days per year for every staff member or around 3.5% of working time annually.
To save your company valuable time, money, and resources, please contact us to learn more about our Time and Attendance software today.