A recent article by the Conference Board of Canada on the cost of absenteeism to companies, reads in part, “The average Canadian worker was absent the equivalent of almost two full work weeks in 2011.” The article also goes on to say that “the direct annual cost of absenteeism is based on survey data provided by organizations to the Conference Board. Organizations estimated that the direct cost of absenteeism averaged 2.4 per cent of gross annual payroll – which translated to a loss of $16.6 billion in 2012.”
These numbers are staggering and beg the question, if absenteeism is such a problem in the workforce, why do some companies choose not to embrace advantages of a time and attendance system? The answer may lie not fully understanding its benefits.
Here are 5 ways your company can derive the benefits of an ATS time management solution:
Streamline Manual Time Tracking Processes and Increase Productivity
ATS workforce management software integrates all your payroll calculations and business processes within a single integrated database system. The application simplifies overtime, vacation tracking and other pay codes. All users share a common reference system and application interface, reducing the learning curve and enabling users to easily switch roles or take over functions without additional training. Once data in entered into the ATS time and attendance system, produces real time data analytics wherever it is needed throughout your company. With ATS time and attendance solution, your company will achieve a consistent flow of information from data capture, payroll and human resources to business intelligence, employee scheduling and benefit accruals.
Activate Modules as you Expand
ATS TimeWork time and attendance evolves with your enterprise. Easily activate new functions when you need them, connect additional users to the system or quickly bring new sites on board without the need for custom interfaces. Keep your system constantly up to date with simple, secure update procedures; ATS time attendance ensures the distribution of modifications across all connected workstations.
Eliminate Costly Server Installations
ATS hosted time and attendance minimizes both costs and installation time eradicating the need to install software on servers or workstations. Avoid the cost of a large in-house IT team; the robust, intuitive design of ATS TimeWork ensures consistent, reliable day-to-day operations.
Combine Best-Of-Breed Functionality and Low Cost of Ownership
Provide your company with the best functionality in your industry while dramatically reducing your time tracking costs. Mid-size companies face the same issues as larger enterprises in managing complex, industry-specific processes and servicing their customers. ATS time and attendance provides comprehensive, integrated workforce management system without the need for costly custom developments and months of professional services. Industry-specific and scalable, ATS TimeWork is the best employee time management application aimed to meet your most elaborate business processes, while minimizing any associated costs of installing, operating, maintaining and growing the system.
Business Analytics for Informed Decision Making
Get the most value from your ATS time management solution with the least amount of effort. ATS TimeWork business analytics provides regular updates to relevant information to give you real-time visibility across your organization. The ATS TimeWork business analytics is a powerful, easy-to-use business tool that drives smarter decisions in every departmental area of your organization.
To learn how your company can track absenteeism and increase productivity download a whitepaper or an online demo.