No matter what industry you are in, companies know that every dollar counts. So why wouldn’t you want a solution that can help save your organization money while improving operational efficiency?
By implementing an automated time and attendance system, you can save your company 2-5% of your annual payroll expenses. This could amount to thousands or even millions of dollars a year. With time and attendance systems, companies of all sizes are able to realize a significant return on investment.
How does automating your time and attendance save you money?
-Decrease in payroll errors
-Decreasing total payroll processing time
-Decreasing unauthorized leave time
-Improving labor reporting
-Eliminating costs associated with paper timecards
-Eliminating the risks of employee buddy punching or time fraud
-And much more…
What should you consider when choosing a time and attendance system vendor?
-Have a few companies present their solution so you can get a complete picture of what a time and attendance solution can do for your organization
-Consider the level of support you will be receiving from the vendor if any issues arise with the system
-Speak to the company’s current customers to see if they are happy with the solution, the support, etc
-Do not focus too much on the price tag as a low cost solution may not have the capabilities that your organization will require to get a significant return on investment
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