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Businesses Should Make it Easier for Employees to Access Their Benefit Accruals

September 4th, 2013 | Posted by Apex Time Solutions in Benefit Accruals | Employee Self Service | Employee Time Tracking Software | Time and Attendance Blog, Workforce Management Software | Workforce Management Software

In our highly digitized world, complete with smartphones and tablets, it is not uncommon for employees to want access to view their benefits. Today HR managers are busy and having to sift through various reports or manual time sheets which is both time consuming and takes them away from doing other important tasks.

ATS Workforce Benefit Accruals automatically calculates complex time-off policies and tracks accrual rates based on seniority, employment status and other job and position conditions. ATS Workforce Benefit Accruals automates the leave time available to employees and improves compliance with corporate policies and collective bargaining agreements.

Benefits of ATS Workforce Benefit Accruals:
Seniority- Accumulate time based on length of service within an organization. For example, employees with up to three years’ seniority get two weeks of vacation each year. After three years, employees receive 4 weeks of vacation, and after 10 years, employees receive 5 weeks of vacation, etc.

Compliance- ATS Workforce Benefit Accruals calculates available time-off of employees. The application improves compliance with corporate policies and minimizes a company’s exposure to leave liability and employee grievances.

Time-Off- ATS Workforce Benefit Accruals module automatically adds vacation, sick time, personal and paid time-off and other types of leave time to an employee’s accrual bank. Time off is accrued based on an employee’s job, schedule, or other complex factors. With the use of employee self-service, employees can review the remaining days in their benefit bank.

When used with our workforce management software,  or web-based time and attendance solution,  ATS Workforce Benefit Accrual dashboard displays the number of hours accrued, earned, used and available for review by supervisors and management. ATS Workforce Accruals applies balance enforcement restrictions in real time. It provides employees and managers with access to real-time balances which helps ensure accuracy across your entire organization with minimal supervision. In addition, it has the flexibility to facilitate your organization’s most complex benefit policies and transform them into enduring practices.

To view a demonstration, of ATS Workforce Benefit Accrual go to our website.

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