If your company has felt the sting of a down economy, you may be searching for additional cost cutting initiatives for another year of tightly held financial reigns with little room for new expenditures unless they tout an immediate high ROI.

 

It’s surprising how many companies are still using outdated client server or manual timekeeping systems to track their employees’ hours worked.  By simply gaining accuracy from a real-time timekeeping process, companies can immediately begin to see the ROI of such a system (i.e. proactive overtime cost control, accurate electronic timesheet data, an elimination of buddy punching, current and accurate accruals, and more).

 

·        Employees don’t hand their time sheets in on time, and you have to spend your time chasing them down to get the information you need to run payroll so they can get their paycheck.

·        The handwriting on the time sheets is illegible, so you have to track down individual employees to ask if they had actually written a “6” or an “8.”

·        As you collect time sheets you have to manually track and calculate vacation time and sick time that various employees took throughout that pay period.

·        Once you’ve successfully collected all of your employees’ time sheets you have to re-key the information into your HR and payroll systems, which takes a lot longer than it should.

·        Then, after a pay period passes you have to go back and correct payment errors because, inevitably, you weren’t able to read the writing on a time sheet correctly and thus entered in the wrong hours, or made a minor typing error when re-keying the information into your HR or payroll system resulting in more time spent correcting errors of a past pay period.

With TimeCentre, employees scan their badges on a data collection terminal, phone in using an interactive voice response system (IVR), or use web based clock. TimeCentre will automatically collect the time data, calculates complex pay rules, and consolidates the data for distribution and reporting. Data can also be electronically distributed through interfaces with other programs (for payroll processing, personnel records, staffing decisions, financial analysis, and more).

 

By automating you can be more productive allowing you to concentrate on other responsibilities.  Automation creates process efficiencies that reduce errors saving your company time and money.

 

To get more information on what an automated Time and Attendance Solution with TimeCentre could offer your business, contact us at sales@timecentre.com, or at 800-326-2276.