Minimizing and effectively managing overtime pay is crucial to any organization. The most effective time and attendance solutions provide real-time, up-to-the minute labor reports that allow managers and supervisors to identify employees who are approaching their maximum hours and are then able to adjust schedule and staff coverage accordingly – to avoid overtime pay. Reducing the hours of overtime pay within your organization leads to a variety of benefits.

The Benefits of Reducing Overtime Pay

Reduce Direct Labor Expenses

• Reduce labor costs by minimizing overtime pay, monitoring shift schedules and accurate payroll

Increase Employee Satisfaction

• While periodic overtime is typically favored upon, constant and unexpected overtime is likely to conflict with employees outside plans and commitments – leaving them dissatisfied. This dissatisfaction level increases significantly if the overtime is the result of poor scheduling and planning by management.

Increase Employee Productivity

• Effective management of overtime pay increases employee productivity through more intelligent scheduling, which tends to boost employee satisfaction and reduce absenteeism.

Reduced Exposure to Regulatory Risks

• Pressures from overtime pay are affected by the number of hourly wage employees an organization has, state/provincial labor regulations regarding overtime pay, and union or association restrictions on schedules or overtime compensation.

Reduce Unauthorized Overtime Pay

• Overtime pay can easily be prone to payroll errors without a time and attendance solution in place. This makes it easy for employees to work overtime was not authorized. When unauthorized overtime is work, managers are faced with the tough decision of telling an employee they will not be paid for those hours worked.

An automated time and attendance system is designed to track, manage and reduce overtime pay effectively and properly. This workforce management system will reduce your bottom line and increase employee productivity.

Learn more about reducing costs for your business at www.synerion.com