Ticket to Return on Investment > TimeCentre Time and Attendance Software

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Time Centre Current Events, News and other Company related information

Wednesday, February 03, 2010

With the economy still climbing back from a recession, companies of all sizes continue to look for ways to keep costs low and spend conservatively. Unfortunately, when it comes to Employee Time and Attendance (T&A) collection and processing, businesses have always had to factor in added costs due to human error, extended processing time, and overpayment. For example, a company with 100 employees on average would be faced with around $165,000* in annual loss using a manual system. Moreover, Payroll /HR personnel could be forced to spend more time resolving time related concerns rather than focusing on more pressing issues.

TimeCentre, an industry leader in Time and Attendance solutions has designed their system to reduce the time and labor involved in correcting errors and processing employee punch data, cutting back reporting time and timecard costs. All of which creates substantial savings for clients and improves the overall efficiency in the workforce.

With TimeCentre’s 100% web-based application and role-based access, everyone from employees and supervisors to Payroll/HR personnel is involved in ensuring that timesheets are accurately tracked and processed. In addition, TimeCentre offers timeclock options with biometric, card, and even mobile tracking, allowing customers to collect data in a number of ways and working environments, and all our tracking options are built to upload data instantly and accurately to the software. Once data appears in the software, employees and supervisors can address time discrepancies and sign off on timesheets before it arrives at Payroll creating a seamless workflow.

With an array of tracking options and customizable features the Time Centre difference is clear. The Return on Investment is apparent from day one in both the budget as well as on the work floor.

Check out the ROI Calculator and see how much you could be saving with a TimeCentre solution.

*One year calculations based on paying a payroll administrator $20/hour, hourly workers an average of $12/hour, a 40 hour work week, and overpaying employees for 25 minutes each day when they were not actually working.

Processing Saving = Payroll time averaging 7 minutes per card

Overpayment Savings= Employees are on average paid for 25 minutes

more than they actually work each day.

Human Error= Manual miscalculations and time spent correcting mistakes.

Category: Human Resources, Productivity Tips, Small Business 101, Workforce Management

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