Recent talk of a double dip recession is the new norm among the so called financial experts. Many of these experts were the same ones back in late 2006 and the early part of 2007 who said there were no signs of a recession. What has become apparent since our “Great Recession” is that businesses are becoming more vigilant with their expenditures. In that same vein, controlling labour costs is one of the greatest concerns for many businesses, regardless of their size. When productivity and labour costs are aligned with a company’s objectives, rosy forecasts and profits tend to follow. And so, as your business grows beyond manual time tracking and paper time cards, you need a time tracking software designed to ensure you receive the most accurate information. ATS workforce management software enables you to collect, analyze and take immediate control of your labour data – all online and in real time.
At times, the business case for a time and attendance system, does not become apparent until a company’s paper time cards or antiquated punch clock show their inherent flaws. The question then becomes, can you really save time and money and see a return on your investment?
Here are some benefits to using our employee time capture system:
Elimination of paper time card costs
The costs associated with paper time cards include: storing them, distributing them, manually collecting them, routing them for exception checking and, for organizations with multiple locations, shipping them to central locations.
Preparation of Employee Time Cards
When using a manual system, it takes an average of three to five minutes for an employee to fill out a time card for each pay period. When the preparation of these time cards is processed very quickly, employees are more likely to have inaccuracies. In contrast, it takes mere seconds to make an edit when using an ATS time management system.
Reduction in the Payment of Unproductive Time
When using a manual time tracking system, it is difficult to track employees who leave early, come in late or take extended breaks. The use of a time management system shows the employees who have punched in or out. Companies that automate their time keeping business process reduce data entry errors.
We have only scratched the surface you can get by automating your time tracking methods. The evolution of a 21st century time and attendance system is a distinct advantage for many businesses. By carefully examining your company’s employee data collection, you are likely to find other areas where you can improve the efficiency of your time collection process.
Download your free copy of “Benefits of using an ATS Time Management System.” To learn more about our software solutions visit our website.