WHY TIME & ATTENDANCE IS A PRIORITY
|
|
- Cory Thompson
- 8 years ago
- Views:
Transcription
1 WHY TIME & ATTENDANCE IS A PRIORITY FROM A LEADER IN WORKFORCE MANAGEMENT SOLUTIONS
2 INTRODUCTION WHY TIME AND ATTENDANCE IS A PRIORITY Is payroll your largest expense? For service organizations, payroll is typically percent of total costs. When automation and improved accuracy reduce this cost by even a small percentage, there is a significant positive financial impact. Good financial practices identify cost items in descending order for review during a recession. For service organizations, payroll-related costs should be at the top of the agenda. Time and attendance is a low-risk, low-cost way to reduce payroll costs and improve productivity. Service organizations that already have time and attendance may consider maximizing the breadth of their deployment, extending it to other workforce-related functions or ensuring they have the most cost-effective solution. Time and attendance is a low-risk, low-cost way to reduce payroll costs and improve productivity. Time and attendance applications provide an automated way to identify the number of hours each employee worked, apply applicable pay rules, produce payroll checks accurately, and for some organizations, report billable hours. Life can be difficult for Chief Financial Officers and Chief Information Officers. They have to reduce costs, but their workforces may already be lean, and their budgets for productivity-improving IT investments may be shrinking. However, significant cost reductions can be achieved by deploying time and attendance solutions that focus on labor costs, typically a service organization s largest expense. Properly deployed, these applications, as well as complementary applications for other workforce-related functions, can substantially reduce various types of overcompensation and improve productivity at relatively low cost with minimal operational risk. Because these applications improve accuracy and automate processes that would otherwise be manual or semi-automated with workarounds, service organizations typically achieve significant cost reductions following a deployment. Many effective service organizations that have time and attendance also have applications for payroll-related activities such as scheduling and the tracking of paid time off. WHY TIME AND ATTENDANCE IS A PRIORITY 1
3 THE WORST TIMES ARE THE BEST TIMES FOR TIME AND ATTENDANCE Because time and attendance enables significant cost reductions, has relatively low costs, and has little operational risk, organizations should rank it favorably when deciding how to spend their IT budgets. Organizations should always consider potential investments on a project-by-project basis. There are some special considerations that make investments in time and attendance more attractive than most other investments, especially for service organizations with large payroll cost structures. There are some special considerations that make investments in time and attendance more attractive than alternatives. Benefits: The average payroll error rate is 1.2 percent. Properly deployed, time and attendance can rapidly eliminate up to 95 percent of this cost. Costs: Relative to the benefits, the costs of time and attendance, hardware, software, personnel, and training tend to be low. When combined with the magnitude of benefits, this means time and attendance deployments normally have high return on investment and rapid payback. Risk: Time and attendance deployments do not pose a risk to operationally critical workflows, or to relationships with employees or third parties. Although these deployments pose a small risk to the first pay period after the go-live date, this can be fully mitigated by following proven implementation plans, pilot programs and a gradual roll out. In addition to typically having a rapid payback, time and attendance deployments are also more effective over the long run than the most common cost reduction strategies. Organizations normally reduce costs by laying off employees and/or cutting compensation. Unfortunately, this does not solve the underlying problem of payroll errors, timesheet falsification, excessive overtime, unauthorized attendance, and overlapping shifts. Simply laying off employees or reducing pay rates leaves all of these dangerous practices in place, although in a smaller organization. Payroll cost to the service organization may be temporarily mitigated, but can actually increase as employees respond to downward pressure on pay with more extreme behavior. Uncompetitive practices remain in place, jeopardizing the future. The average payroll error rate is 1.2 percent. Properly deployed, time and attendance can rapidly eliminate up to 95 percent of this cost. WHY TIME AND ATTENDANCE IS A PRIORITY 2
4 TIME AND ATTENDANCE In the absence of automation, service organizations cut payroll checks to their hourly employees based on workflows that are inaccurate, inflated, lengthy, paper-based, and prone to errors. Employees record their hourly attendance on paper timesheets, which are periodically approved by managers, who may then process that information for the payroll department. Once timesheet data arrives in a payroll department, it is manually entered into payroll, often only after manually calculated pay rules are applied. Unfortunately, these manual systems tend to be inaccurate because they rely on honest data input from the employee, as well as accurate manual data transfer and calculations by supervisors and payroll clerks. Time and attendance eliminates the inaccuracies of a manual system by automatically gathering attendance information, applying pre-set pay rules, and automating the calculation of pay for payroll. This also relieves managers and payroll administrators of distracting and costly workflows, including the review, authorization, and input of data from paper timesheets. Service organizations with time and attendance systems typically augment them with other functionalities, including: Time and attendance eliminates the inaccuracies of a manual system by automatically gathering attendance information, applying pre-set pay rules, and automating the calculation of pay for payroll. PTO Tracking enables managers to track more accurately the number of days off their employees have accrued and how many remain. Scheduling enables managers to fill open positions quickly, and to create and distribute schedules rapidly. It also gives managers the information they need to assign time to employees who are unlikely to be paid at overtime rates. Activities Tracking enables managers to keep track of exactly what tasks employees spend their time on, in order to improve billing, cost accounting and labor cost analysis. BENEFITS Whether a service organization deploys time and attendance for the first time, replaces an ineffective or costly solution, or augments an existing deployment by extending it or adding complements to it, service organizations can expect to reduce payroll costs and improve productivity. LOWER PAYROLL COSTS By replacing error-prone human workflows with automation, time and attendance can lower payroll costs by eliminating sources of overpayment. The primary sources of payroll overpayment are payroll error and payroll inflation. Payroll Error occurs as the result of human error when information is manually transmitted through the payroll process. WHY TIME AND ATTENDANCE IS A PRIORITY 3
5 Payroll Inflation occurs when employees or managers overstate the amount of time an employee has worked, either intentionally or unintentionally typically by clocking in early or clocking out late. This payroll error causes overpayment by an average of 1.2 percent. The average rate of payroll inflation is 0.72 percent. Because time and attendance automates the collection of attendance data, its transfer to payroll, and the application of complex pay-rule calculations, service organizations deploying these systems can significantly reduce administration and error-related payroll costs. Because these cost reductions are so large, most service organizations that deploy MITC pay for the solution with the savings from payroll error elimination alone. The average payroll error rate is 1.2 percent of total payroll. When time and attendance applications are properly deployed, up to 95 percent of this cost is eliminated. Service organizations typically achieve significant cost reductions by automating time and attendance workflows. MITC customers have reduced payroll related costs by 1 to 5 percent by replacing paper timesheets. The average payback on a MITC deployment can be as little as 3 to 6 months. IMPROVED PRODUCTIVITY Deploying time and attendance for the first time can also lead to improved productivity. Many service organizations use highly complex manual processes to compile and certify their time and attendance information. When these workflows and processes are automated, a variety of workers become more productive: Employees can quickly provide their time and attendance data over the telephone, the Web, at their PCs, or at time data terminals. Additionally, MITC voic and self-service improve communication with employees at no additional cost. Deploying time and attendance for the first time can also lead to improved productivity. Managers become more productive because they are quickly able to view, approve, and submit attendance information from employees. MITC deployments make managers more productive by reducing time and attendance and scheduling administration. No-show and check-awake alerts further reduce the time managers spend on routine time and attendance verification tasks. Voic allows managers to communicate with remote employees using telephone timekeeping without incurring travel time or costs. Payroll administrators no longer have to manually collect, check, and transmit data from timesheets. BREADTH MAXIMIZES THE BENEFITS Service organizations that already have time and attendance applications should make sure that their deployment touches as much of their workforce as possible, and is as cost-effective as possible. Organizations typically adopt time and attendance or related applications with a rolling deployment. Unfortunately, these deployments sometimes slow down or stall once a large portion of the workforce is tracked. WHY TIME AND ATTENDANCE IS A PRIORITY 4
6 In fact, service organizations sometimes fail to fully deploy because the initial returns on even a partial deployment can be so high that sponsors think all of the requirements have been met. Other causes of partial adoption include cultural resistance, geographically remote sites, or diversion of IT budget to other projects. MITC s time and attendance audits are provided six months after initial deployment and annually thereafter. These audits help MITC customers identify partial deployments and ensure maximum return on investment. Cost reductions are readily achieved when deployments are extended to new employee populations or are enhanced by additional applications such as scheduling or self-service. Breadth doesn t apply only to time and attendance. Automating scheduling and using related best practices can further reduce overtime costs. MITC s time and attendance audits are provided 6 months after initial deployment and annually thereafter. These audits help MITC customers identify partial deployments and ensure maximum return on investment. For example, managers with automated leave reporting always know the number of days off each of their direct reports has accrued and used. As a result, these managers spend less time in face-to-face meetings regarding time-off requests and grant employees far fewer unearned days off. Similarly, scheduling can enable managers to match open shifts rapidly with available, least-cost employees who have the required skill set for that shift. CONCLUSION CFOs can reduce costs and increase operational efficiency by investing in time and attendance. Whether a service organization undertakes an initial deployment, broadens one, extends its functionality with complementary applications, or replaces a cost-inefficient system, the investments in time and attendance can reduce payroll by eliminating payroll error, payroll inflation, unearned leave, and overtime. Service organizations should also invest in these applications because, properly deployed, these applications can improve the productivity of employees, managers, and payroll administrators. AUTOMATE MORE THAN TIME & ATTENDANCE Service organizations can reduce labor costs further by complementing their time and attendance deployments with applications for managing workforce-related tasks such as scheduling, activity tracking, biling, and leave management. WHY TIME AND ATTENDANCE IS A PRIORITY 5
RESEARCH NOTE WHY TIME AND ATTENDANCE MAKES SENSE IN A DOWN ECONOMY
Document J13 RESEARCH NOTE WHY TIME AND ATTENDANCE MAKES SENSE IN A DOWN ECONOMY THE BOTTOM LINE Companies should consider investments in time and attendance applications as a low-risk, low-cost way to
More informationDO YOU HAVE THE MOST COST-EFFECTIVE TIME AND ATTENDANCE SOLUTION?
DO YOU HAVE THE MOST COST-EFFECTIVE TIME AND ATTENDANCE SOLUTION? FROM A LEADER IN WORKFORCE MANAGEMENT SOLUTIONS www.mitcsoftware.com INTRODUCTION Payroll often represents 50 to 70 percent of a service
More informationWHY CONTRACTORS AUTOMATE TIME AND ATTENDANCE
WHY CONTRACTORS AUTOMATE TIME AND ATTENDANCE FROM A LEADER IN WORKFORCE MANAGEMENT SOLUTIONS www.mitcsoftware.com INTRODUCTION Labor costs are the largest controllable expense for most contractors. Contractors
More informationMarquee. We provide tools to effectively manage your workforce and improve your bottom line. Managing the Workforce
Marquee We provide tools to effectively manage your workforce and improve your bottom line. Managing the Workforce Executive Summary OPTIMIZE TODAY S WORKFORCE A n effective workforce management solution
More informationTIMEKEEPING AND PAYROLL BEST PRACTICES
TIMEKEEPING AND PAYROLL BEST PRACTICES FROM A LEADER IN WORKFORCE MANAGEMENT SOLUTIONS www.mitcsoftware.com INTRODUCTION This document is designed to provide guidance to senior executives who are considering
More informationA U D I T R E P O R T MARK J.F. SCHROEDER COMPTROLLER
C I T Y O F B U F F A L O D E P A R T M E N T O F A U D I T A N D C O N T R O L A U D I T R E P O R T Payroll Procedures of timekeepers MARK J.F. SCHROEDER COMPTROLLER A N N E F O R T I - S C I A R R I
More informationREPORT SCHLAGE HANDPUNCH
REPORT SCHLAGE HANDPUNCH Corporate Headquarters Nucleus Research Inc. 100 State Street Boston, MA 02109 Phone: +1 617.720.2000 Nucleus Research Inc. NucleusResearch.com THE BOTTOM LINE Using biometrics
More informationGUIDEBOOK ADP. October 2010. Document K60. Nucleus Research Inc. Corporate Headquarters. NucleusResearch.com. Nucleus Research Inc.
GUIDEBOOK ADP Corporate Headquarters Nucleus Research Inc. 100 State Street Boston, MA 02109 Phone: +1 617.720.2000 Nucleus Research Inc. TOPICS Employee Management Applications Software as a Service THE
More informationSage HRMS Automate time and attendance: Seven reasons it makes good sense
Automate time and attendance: Seven reasons it makes good sense Table of contents Introduction 3 Reliable accuracy 3 Improved regulatory compliance 4 Insight into true labor costs 5 Increased productivity
More informationWorkforce Management Tips for. Minnesota Agencies
Workforce Management Tips for. Minnesota Agencies Today s Presenter John Graham CEO & Software Architect After working with agencies for over 20 years, John has designed solutions made to meet the unique
More informationYour organization s workforce is likely your largest expense. It s also the driving force behind production and profitability.
Your organization s workforce is likely your largest expense. It s also the driving force behind production and profitability. If your workforce isn t logging accurate hours, you may find yourself dealing
More informationACHIEVING TIME & ATTENDANCE COMPLIANCE AMONG YOUR EMPLOYEES AND MANAGERS
ACHIEVING TIME & ATTENDANCE COMPLIANCE AMONG YOUR EMPLOYEES AND MANAGERS COMPANY HANDBOOK Time & Attendance Policy FROM A LEADER IN WORKFORCE MANAGEMENT SOLUTIONS INTRODUCTION ARE YOUR EMPLOYEES & MANAGERS
More informationSage HRMS. Punching in for Improved Workforce Management: The Top Seven Benefits of an Automated Time and Attendance System
Sage HRMS Punching in for Improved Workforce Management: The Top Seven Benefits of an Automated Time and Attendance System Table of Contents Introduction... 3 Reliable Accuracy... 3 Increased Productivity...
More informationTime and Attendance Strategies for the Modern Workforce
White Paper Time and Attendance Strategies for the Modern Workforce Moving beyond yesterday s solutions in workforce management Executive Summary Organizations today are operating in a period of breathtaking
More informationALLEGION: SCHLAGE HANDPUNCH GUIDEBOOK
GUIDEBOOK ALLEGION: SCHLAGE HANDPUNCH GUIDEBOOK July 2014 Document o170 2014 Nucleus Research, Inc. Reproduction in whole or in part without written permission is prohibited. THE BOTTOM LINE Using biometrics
More informationThe Executive Buying Guide to Employee Self-Service
The Executive Buying Guide to Employee Self-Service The Executive Buying Guide to Employee Self-Service Welcome! For more than twenty years, Best Software has been helping mid-size businesses in all industries
More information100% Web-Based Time & Labor Management
100 100% Web-Based Time & Labor Management Available in Hosted or Licensed Versions A Simple to Use, Yet Powerful Time and Attendance Solution Remember, employee payroll is YOUR BIGGEST EXPENSE Eliminates
More informationHR Technology Solutions for the Manufacturing Industry
HR Technology Solutions for the Manufacturing Industry Table of Contents Automate Your Manufacturing Incidents & Absenteeism Issues...4 Improve Labor Management & Achieve Operational Transparency...5
More information8 WAYS AGENCY-READY WORKFORCE MANAGEMENT HELPS AGENCIES
8 WAYS AGENCY-READY WORKFORCE MANAGEMENT HELPS AGENCIES FROM A LEADER IN AGENCY WORKFORCE MANAGEMENT SOLUTIONS www.mitcsoftware.com INTRODUCTION All human service agencies share similar missions: to provide
More informationCLIENT ATTENDANCE, DOCUMENTATION, AND BILLING
CLIENT ATTENDANCE, DOCUMENTATION, AND BILLING FROM A LEADER IN AGENCY WORKFORCE MANAGEMENT SOLUTIONS www.mitcsoftware.com INTRODUCTION Tracking client attendance and streamlining billing has never been
More informationA Guide for Implementing Best-in-Class Time and Attendance Strategies
A Guide for Implementing Best-in-Class Time and Attendance Strategies In July and August, Aberdeen Group surveyed more than 300 organizations in order to determine Best-in-Class practices in managing core
More informationPublic Sector Workforce Management: ERP Extension vs. Best-of-Breed
White Paper Public Sector Workforce Management: ERP Extension vs. Best-of-Breed Investment can deliver key functionality and cost savings Christine Carmichael Enterprise Resource Planning (ERP) systems
More informationWORKFORCE MANAGEMENT SUITE
solutions WORKFORCE MANAGEMENT SUITE For Small and Midsize Businesses Enterprise-Class Workforce Management. Simplified. UNIFIED WORKFORCE MANAGEMENT: One database. One user experience. One employee record.
More informationROI CASE STUDY ADP ENTERPRISE ETIME LARGE EAST COAST HOSPITAL
ROI CASE STUDY ADP ENTERPRISE ETIME LARGE EAST COAST HOSPITAL THE BOTTOM LINE Despite steadily increasing labor costs, a large East Coast hospital reduced its payroll expenses by using ADP Enterprise etime,
More informationKronos Solutions for the Federal Government. Manage your multisector workforce with measurable results
Kronos Solutions for the Federal Government Manage your multisector workforce with measurable results THE CHALLENGE: Modernize Processes and Manage Effi ciently Substantial reform is changing the way the
More informationKey Findings 3. The Workforce Management Technology Maturity Model 4. Present Challenges 6. Workforce Automation 8
Table of Contents Introduction 3 Key Findings 3 The Workforce Management Technology Maturity Model 4 Present Challenges 6 Workforce Automation 8 Ranking the Degree of Automation 10 The Importance of Governance
More informationNEWTON ISD TIME CLOCK POLICY AND GUIDELINES
NEWTON ISD TIME CLOCK POLICY AND GUIDELINES Table of Contents 1. INTRODUCTION... 4 2. OFFICIAL TIME OF RECORD... 4 3. EMPLOYEE TIME REPORTS... 4 4. NISD ID NUMBER... 4 5. CLOCK LOCATIONS... 4 6. DAILY
More informationHOW EXECUTIVES USE TIME AND ATTENDANCE
HOW EXECUTIVES USE TIME AND ATTENDANCE FROM A LEADER IN WORKFORCE MANAGEMENT SOLUTIONS www.mitcsoftware.com INTRODUCTION Services organizations have broad goals when implementing a time and attendance
More informationWhen Is Time Not on Your Side?
When Is Time Not on Your Side? Time & Attendance ... When It s Not Adding to the Bottom Line. If you re not in control of when your employees are working, you might not be in control of your business.
More informationAUDIT REPORT Payroll Procedures FOLLOW UP FIRE DEPARTMENT MARK J.F. SCHROEDER COMPTROLLER
CITY OF BUFFALO DEPARTMENT OF AUDIT AND CONTROL AUDIT REPORT Payroll Procedures FOLLOW UP FIRE DEPARTMENT MARK J.F. SCHROEDER COMPTROLLER ANNE FORTI- SCIARRINO, CPA FIRST DEPUTY COMPTROLLER KEVIN J. KAUFMAN,
More informationINTERNAL AUDIT REPORT
2012 Time and Attendance Reporting Internal Control Review INTERNAL AUDIT REPORT April 11, 2012 James Henderson Financial/Accounting Controls Analyst James Henderson [Type text] Town of Trumbull, CT ge
More informationB. ACTUAL TIME IN- After arriving at the workplace, the time an employee actually begins work.
SECTION: PAY/BENEFITS Subject: TIMEKEEPING POLICY Date: 01/06/15 Approved by: Ordinance No. 15-01-01 Revision Date: I. STATEMENT OF PURPOSE AND OVERVIEW: The City of Frisco is subject to numerous laws
More informationWhite Papers. Time & Attendance. Topic Calculating the Return on Investment of Implementing a Time & Attendance Solution. Brought to you by:
Time & Attendance White Papers Topic Calculating the Return on Investment of Implementing a Time & Attendance Solution Brought to you by: Visit us on the web: www.timemd.com IMPORTANT NOTICE This publication
More informationcollecting and managing employee time simply and accurately for any organization
The Benefits of Web-enabled Time and Attendance Tracking ENGINEERED FOR PRECISION collecting and managing employee time simply and accurately for any organization LBiSoftware.com Introduction Whether your
More informationROI CASE STUDY KRONOS AKER PHILADELPHIA SHIPYARD
ROI CASE STUDY KRONOS AKER PHILADELPHIA SHIPYARD THE BOTTOM LINE Aker Philadelphia Shipyard deployed Kronos Workforce Payroll and Workforce HR to reduce payroll staff, tax filing fees, and payroll error.
More informationCentralized Database
PRODUCT DESCRIPTION The selection of an employee time and attendance system to enforce accurate labor management can be an arduous task when faced with the sheer numbers of employee time clocks and timekeeping
More informationDriving Success. Make Time & Attendance as Easy as Your Project Costing IME TRACKING
Driving Success Make Time & Attendance as Easy as Your Project Costing IME TRACKING Introduction Accounting for time spent on the job is among employees least favorite tasks. But the information collected
More informationTime and Attendance Strategies for the Modern Workforce
White Paper Time and Attendance Strategies for the Modern Workforce Moving beyond yesterday s solutions in workforce management Executive Summary Organizations today are operating in a period of breathtaking
More informationROI EVALUATION REPORT KRONOS WORKFORCE TIMEKEEPER
For use with financial modeling tool G45W ROI EVALUATION REPORT KRONOS WORKFORCE TIMEKEEPER Corporate Headquarters Nucleus Research Inc. 36 Washington Street Wellesley MA 02481 Phone: +1 781.416.2900 Fax:
More informationA CFO s Guide to Creating a High Performance Organization: Workforce Management Best Practices
A CFO s Guide to Creating a High Performance Organization: Workforce Management Best Practices Performance-driven organizations leverage their workforces to realize a higher return on investment, increased
More informationENSURING THE FINANCIAL SUCCESS OF YOUR PROJECT-BASED BUSINESS
ENSURING THE FINANCIAL SUCCESS OF YOUR PROJECT-BASED BUSINESS Operating from Within an Incomplete Financial Landscape Professional services organizations with teams of training, support, and consulting
More informationAutomated Timekeeping Benefits Overview
Automated Timekeeping Benefits Overview WEB-BASED TIMEKEEPING REDUCING YOUR COST OF LABOR ONE PAY PERIOD AT A TIME Today s automated timekeeping technology is a powerful resource for businesses, both large
More informationScalable & Built to be Affordable Timekeeping Solution.
ITCS-WebClock v6.02 What do you need from a Time and Attendance Solution? Scalable & Built to be Affordable Timekeeping Solution. Unlimited Access Locations and Real Time Information Payroll and financial
More informationTime and Attendance Strategies for the Modern Workforce. Moving beyond yesterday s solutions in workforce management
Time and Attendance Strategies for the Modern Workforce Moving beyond yesterday s solutions in workforce management Executive Summary Organizations today are operating in a period of breathtaking technological
More informationWHITE PAPER Maximizing Workforce Management with Best-of-Breed Solutions
WHITE PAPER Maximizing Workforce Management with Best-of-Breed Solutions Sponsored by: Kronos Incorporated Lisa Rowan February 2010 IDC OPINION Global Headquarters: 5 Speen Street Framingham, MA 01701
More informationBenefits of an Automated Time and Labor Management System
Executive Summary Most business owners are familiar with the tasks involved in tracking employee time and attendance. Typically, this involves the collection of time sheets or cards, adding and approving
More informationSwedish Time & Attendance (STA)
Swedish Time & Attendance (STA) Swedish Time & Attendance (STA) To Service Customer IT Consultancy Service Time & Attendance Model Fully Integration with Oracle E-Business Suite SAP or (Stand Alone ) Complete,
More informationWEB-BASED TIME AND ATTENDANCE & DCAA COMPLIANCE
WEB-BASED TIME AND ATTENDANCE & DCAA COMPLIANCE White Paper AUDIT CONCERNS Certain types of organizations who contract with the US Government must follow specific timekeeping guidelines set forth by the
More informationBordine s Nursery Nursery Prunes Payroll Processing and Reduces Overtime by 40%
Bordine s Nursery Nursery Prunes Payroll Processing and Reduces Overtime by 40% Bordine s, a leading Michigan Nursery, reduced employee overtime by 40% and put an end to duplicate entry of employee information
More informationRemember, employee payroll is YOUR BIGGEST EXPENSE
Cer 100 Labour management solutions deliver the workforce management capabilities you need to address the realworld workforce issues of your business. Time&LaborManagement BenefitLeaveAdministration AttendanceManagement
More informationHOW PROACTIVE WORKFORCE MANAGEMENT INCREASES EMPLOYEE JOB SATISFACTION
HOW PROACTIVE WORKFORCE MANAGEMENT INCREASES EMPLOYEE JOB SATISFACTION FROM A LEADER IN AGENCY WORKFORCE MANAGEMENT SOLUTIONS www.mitcsoftware.com INTRODUCTION Job satisfaction is critical to productivity,
More informationAbsenteeism: Why Should You Be Concerned?
Absenteeism: Why Should You Be Concerned? Unscheduled absenteeism is a chronic problem for U.S. employers, conservatively costing $3,600 per hourly employee per year, and $2,650 per salaried employee per
More informationThe hidden reality of payroll & HR administration costs
The hidden reality of payroll & HR administration costs Exploring hidden cost drivers and characteristics of cost-effective organizations January 2011 Contents Executive overview 1 Methodology 3 Key findings
More informationYour ERP System Is Leaking
WHITE PAPER Your ERP System Is Leaking How to Use a Time and Labor Data Collection System to Plug Holes Caused by Fraud and Waste Table of Contents Hidden Leaks 3 Plug Leaks with a Single Solution 6 The
More informationDon t simply manage work in your Professional Services business. Manage dollars and profits.
INCREASE PROFITABILITY THROUGH END-TO-END INTEGRATION OF CRM, PROJECT MANAGEMENT, AND BILLING SYSTEMS Don t simply manage work in your Professional Services business. Manage dollars and profits. Through
More informationAutomated solutions for. Small Business. www.synerion.ca/agile
Automated solutions for Small Business www.synerion.ca/agile How can we help? Do you have problems with any of the following issues? Manually calculating employee s pay? Concerned about employees stealing
More informationSTATE OF NEVADA DEPARTMENT OF PERSONNEL STATEWIDE PAYROLL SYSTEM AUDIT REPORT
STATE OF NEVADA DEPARTMENT OF PERSONNEL STATEWIDE PAYROLL SYSTEM AUDIT REPORT Table of Contents Page Executive Summary... 1 Introduction... 6 Background... 6 Scope and Objective... 7 Findings and Recommendations...
More information8 Best Practices to Make Time and Attendance Easy
8 Best Practices to Make Time and Attendance Easy 8 BEST PRACTICES TO MAKE TIME AND ATTENDANCE EASY 2 Accurate time and attendance management is a vital enterprise function, and timely data is critical
More informationBuilding and Operating Committee/Committee of the Whole Meeting of May 21, 2015
Agenda Item No. (4) To: From: Subject: Building and Operating Committee/Committee of the Whole Meeting of May 21, 2015 Carmel O Hara, Payroll Administrator Marc Shorr, Director of Corporate Technology
More informationSAMAY - Attendance, Access control and Payroll Software
SAMAY - Attendance, Access control and Payroll Software Welcome to a new world of comprehensive Human Capital Management (HCM) solutions from ISS. ISS SAMAY is a highly simplified HCM solution with an
More informationWorkbook BUILDING A BUSINESS CASE. for a Time and Attendance Solution
Workbook BUILDING A BUSINESS CASE for a Time and Attendance Solution Introduction Have you ever made a time and attendance or other data automation proposal to management and had it rejected, even though
More informationWEB-BASED TIME AND ATTENDANCE DCAA COMPLIANCE. White Paper
WEB-BASED TIME AND ATTENDANCE AND DCAA COMPLIANCE White Paper Page 1 AUDIT CONCERNS Certain types of organizations who contract with the US Government must follow specific timekeeping guidelines set forth
More information2011 FINANCE PRODUCTIVITY SURVEY ON INVOICE PROCESSING ANNUAL INSIGHTS ON PROCESS, ISSUES, RISKS, AND TRENDS 2011 SPRINGCM
2011 FINANCE PRODUCTIVITY SURVEY ON INVOICE PROCESSING ANNUAL INSIGHTS ON PROCESS, ISSUES, RISKS, AND TRENDS 2011 SPRINGCM 2011 FINANCE PRODUCTIVITY SURVEY ON INVOICE PROCESSING Companies of All Sizes
More informationVA Time and Attendance System (VATAS) VACO Deployment Briefing
Time and Attendance System VA Time and Attendance System (VATAS) VACO Deployment Briefing January 14, 2014 Presentation for National Partnership Council Presented By Raven Thompson, Director PHRSS Agenda
More informationG&A Onboarding. G&A Partners Human Capital Solutions
G&A Onboarding G&A Onboarding streamlines new hire procedures and alleviates the administrative paper chase by providing new workers and their managers online access to all necessary employment forms,
More informationSage 300 ERP I White Paper
I White Paper Stay in Control: The benefits of in-house payroll software How in-house payroll systems deliver long-term control and flexibility over the payroll process Table of Contents Introduction...
More informationT H E B O T T O M L I N E
P R O G R A M : H U M A N C A P I T A L M A N A G E M E N T R O I C A S E S T U D Y D O C U M E N T Q 9 J A N U A R Y 2 0 1 6 ULTIMATE ULTIPRO WARREN EQUIPMENT COMPANY A N A L Y S T Brent Skinner T H E
More informationHuman Resources & Payroll Solutions
Human Resources and Payroll needs are as diverse as the people you employ; your people and their skills are the most valuable asset in your organization. Being able to manage important people information
More informationUse of TeamTime Portal Shows 20-30% Cost Savings,
Use of TeamTime Portal Shows 20-30% Cost Savings, Prevents Fraud Not long ago, AHI Facility Services, a building service contracting company based in Dallas, was struggling with a business software solution
More informationSCHEDULING REMEDIES FOR HUMAN SERVICE ORGANIZATIONS
SCHEDULING REMEDIES FOR HUMAN SERVICE ORGANIZATIONS FROM A LEADER IN AGENCY WORKFORCE MANAGEMENT SOLUTIONS www.mitcsoftware.com INTRODUCTION Despite embracing technology, human service organizations today
More informationChapter 6 Labor-Charging Systems and Other Considerations
6 Chapter 6 Labor-Charging Systems and Other Considerations The purpose of this chapter is to provide interpretive guidance only. This chapter is not intended to be authoritative or to supersede the FAR.
More informationTimeLOG. Small to Mid-size Enterprise Workforce Management System. The Complete Workforce Management Solution!
TimeLOG Small to Mid-size Enterprise Workforce Management System The Complete Workforce Management Solution! TimeLOG is a software that streamlines the management of workflow and the reporting of employee
More informationHelping Midsize Businesses Grow Through HR Technology
Helping Midsize Businesses Grow Through HR Technology As a business grows, the goal of streamlining operations is increasingly important. By maximizing efficiencies across the board, employee by employee,
More informationHUMAN CAPITAL MANAGEMENT SOFTWARE: Most modules now implemented, but additional costs exceed $3 million
HUMAN CAPITAL MANAGEMENT SOFTWARE: Most modules now implemented, but additional costs exceed $3 million October 2013 LaVonne Griffin-Valade City Auditor Drummond Kahn Director of Audit Services Janice
More informationTimekeeping Policy. A guide for Employees, Timekeepers, Approvers, and Department Managers/Supervisors
Timekeeping Policy A guide for Employees, Timekeepers, Approvers, and Department Managers/Supervisors TABLE OF CONTENTS TIMEKEEPING SYSTEM OVERVIEW... 1 TIMEKEEPING PROCEDURES... 1 RESPONSIBILITIES OF
More informationA CFO s Guide to Creating a High Performance Organization: Workforce Management Best Practices
A CFO s Guide to Creating a High Performance Organization: Workforce Management Best Practices Kronos Incorporated July 2004 Table of Contents Characteristics of a performance-driven organization 2 Performance-driven
More informationA Guide to Resolving Key Mobile Workforce Challenges in the oil and gas sector
A Guide to Resolving Key Mobile Workforce Challenges in the oil and gas sector Managing a mobile workforce in the Oil and Gas industry is not easy. Whether it is liquid transportation, pipeline and facility
More informationADP s Enterprise etime
HR SOLUTIONS PAYROLL SOLUTIONS BENEFITS ADMINISTRATION TAX & COMPLIANCE SOLUTIONS TIME & LABOR MANAGEMENT SOLUTIONS ADP s Enterprise etime automates and streamlines your collection of attendance data for
More informationUNIVERSITY OF CALIFORNIA, DAVIS INTERNAL AUDIT SERVICES
, DAVIS INTERNAL AUDIT SERVICES University of California, Davis, Health System Financial Services Payroll Processing Project #09-23 December 2008 Fieldwork Performed by: Amy Holzman, Senior Auditor Dahling
More informationFOLLOW-UP OF HUMAN RESOURCES DEPARTMENT PAYROLL REPORT NO. 07-02-117F. City of Albuquerque Office of Internal Audit and Investigations
FOLLOW-UP OF HUMAN RESOURCES DEPARTMENT PAYROLL REPORT NO. City of Albuquerque Office of Internal Audit and Investigations City of Albuquerque Office of Internal Audit and Investigations P.O. BOX 1293
More informationThe Executive Buying Guide to Online Benefits Enrollment
The Executive Buying Guide to Online Benefits Enrollment The Executive Buying Guide to Online Benefits Enrollment Welcome! For more than twenty years Sage Software has been helping mid-size businesses
More informationTotal Workforce Management 2013: The State of Time and Attendance
Total Workforce Management 2013: The State of Time and Attendance Tracking time and attendance is at the core of workforce management. From Fred Flintstone marking his timecard with the beak of a pterodactyl
More informationAutomate Complex Pay Rules While Streamlining Time and Attendance Management
SAP Brief SAP Extensions SAP Time and Attendance Management by WorkForce Software Objectives Automate Complex Pay Rules While Streamlining Time and Attendance Management Gaining real-time insights to help
More informationWHITE PAPER. Improve profitability with real-time tracking of true labor costs
WHITE PAPER Improve profitability with real-time tracking of true labor costs Executive summary Without true labor costs, you have no visibility into the real cost of your products. How much time does
More informationBest Practices for Time and Attendance Software Integration
Best Practices for Time and Attendance Software Integration Table of Contents Best Practices for Time and Attendance Software Integration... 1 5 Types of HR Software to Free Your Time... 3 Help! I m Implementing
More informationThe Benefits of Upgrading to Workforce Management Suite
The Benefits of Upgrading to Workforce Management Suite Welcome Your Integration Upgrade Kit. Introduction Contents We are thrilled to consider you our valued customer. As our customer, we want to help
More informationMobile Workflow Solutions: Better, Faster and More Profitable Business For You and Your Customers
Mobile Workflow Solutions: Better, Faster and More Profitable Business For You and Your Customers Contents EXECUTIVE SUMMARY 2 INTRODUCTION WHAT IS A MOBILE WORKFLOW SOLUTION? 2 THE BENEFITS OF MOBILE
More informationTime & Attendance Management. An Overview
Time & Attendance Management An Overview What is VeriTime? Why choose VeriTime? VeriTime is an affordable, web-based time and attendance management system built specifically for the unique needs of K-12
More informationWorkforce Management: Compliance Tools to Protect and Save Your Organization
Workforce Management: Compliance Tools to Protect and Save Your Organization Labor is one of the largest expenses an employer incurs and is a controllable if the right tools are in place. Even while proactively
More informationThe New Rules to Improve Productivity and Control Costs
Authored by TOP 5 TECHNOLOGY GAME CHANGERS FOR WORKFORCE MANAGEMENT The New Rules to Improve Productivity and Control Costs Sponsored by Top 5 Technology Game Changers for Workforce Management Business
More informationa str ategy paper from TIME TO MANAGE: INNOVATIVE WORKFORCE STRATEGIES
a str ategy paper from TIME TO MANAGE: INNOVATIVE WORKFORCE STRATEGIES FOR a tough ECONOMY a tough economy Across the nation, state and local budgets are reeling from a financial meltdown that has an impact
More informationInternal Audit Committee of Brevard County, Florida Internal Audit of Timekeeping and Payroll Process
Internal Audit Committee of Brevard County, Florida Internal Audit of Timekeeping and Payroll Process May 31, 2011 Prepared By: Table of Contents Transmittal Letter... 1 Executive Summary... 2-4 Background...
More informationTime Management Solutions for the Modern Workforce
Time Management Solutions for the Modern Workforce Time Management Solutions for the Modern Workforce Overview This report will inform business owners and professionals about the costs and challenges associated
More informationTime & Attendance Management
Time & Attendance Management An Overview What is VeriTime? Why choose VeriTime? VeriTime is an affordable, web-based time and attendance management system built specifically for the unique needs of K-12
More information25 Ways to Positively Impact Payroll
25 Ways to Positively Impact Payroll l Payroll: Making a Positive Impact & Why it Matters Payroll is a huge cost center not only as the source of wages and salaries, but in the cost of processing Controlling
More informationPayroll Audit June 30, 2014 Audit Report 201314-11
Payroll Audit June 30, 2014 Audit Report 201314-11 Executive Summary Chapter 110, Florida Statutes, (F.S.), establishes the state s employment policy and provides requirements and guidelines relevant to
More informationOut Sick: How Employee Absence Hurts Your Bottom Line
WHITE PAPER Out Sick: How Employee Absence Hurts Your Bottom Line Reduce Costs and Increase Productivity with an Automated Absence Management Solution Imagine a world where all your employees show up for
More informationTimekeeping at USC Supervisor and Employee Responsibilities
Timekeeping at USC Supervisor and Employee Responsibilities Both supervisors and employees share responsibility for compliance with university policies established to meet the requirements of federal and
More informationNote: These Minutes were approved by the Board on 3/23/11.
Note: These Minutes were approved by the Board on 3/23/11. SPECIAL BOARD MEETING Station #1 2860 Southwest Drive Multipurpose Room Tuesday, February 1, 2011 2:00 PM ~ MINUTES ~ I. CALL TO ORDER/ROLL CALL.
More information