Today the words “austerity measures” have become ubiquitious with most economists and it appears the words are becoming part of their vernacular when trying to explain how theUSand other world economies had gotten themselves in financial trouble. Automatic spending cuts and tax increases (which is essentially the basis of the “austerity measures”) have become the norm for governments around the world. Some have blamed this approach on the “recession of 2008” Whether you are for or against government spending cuts and taxes increases, one thing is clear, since 2008, the world has changed and so, has the way in which businesses compete for customers.
For many of today’s companies, reducing costs is paramount and they see value in adopting a time management solution that can help them to achieve that goal. On the other hand, a small minority of businesses continue to hang on the old way of tracking employee time manually. Competitive businesses know that to compete in today’s global economy; they must adopt a time and attendance solution that improves productivity and increase profits while maintaining customer satisfaction.
Most companies strive to find a balance between risk reduction and accessibility of information. Implementing an ATS time and attendance solution can manage risk and replace outdated manual systems, making employee data transfer and access to information easier.
Many of ATS’s customers use our employee payroll time tracking software to solve the day to day challenges of departmental managers, HR and payroll personnel. For example, employees can access their schedules through the online portal to add vacation blocks, check their overtime hour status and update benefit accruals. With the use of our time and labour solution, business executives can take comfort in the knowledge that ATS time and attendance system can help their company find a rapid return on investment and increase profits.