For most businesses, labor is the greatest expense. Managing your labor costs through effective time and attendance solutions is critical to your business’s ability to generate profit.
The constant management of employee schedules, hours worked, and time off is time-consuming. While you want to have accurate timekeeping and ensure your business is in compliance with federal and state regulations, it’s better to use your time for more important business matters. With the time and attendance solutions we offer at Payroll Management, you can simplify your employee time management and avoid costly wage and hour disputes.
The incentive to managing employees’ time well is not only avoiding potential costly disputes or being out of compliance—it’s also about saving your business money. Accurate time and attendance can reduce time theft. According to the American Payroll Association, up to 10 minutes (and equal to $13.27) per day per employee is lost to tardiness, long lunches, and early departure. Looked at annually, that lost time could cost you $690.00 in wasted labor cost per employee! Imagine how your business might grow if you could put those financial resources to better use than wasted labor.
Ensure staff are productive and accurately paid for actual hours worked while reducing your labor costs with our time and attendance solutions. Choose the right employee time management solution for your business from the options below.
Whether you are currently your own payroll processor or you use a payroll management service, adding a timekeeping solution will make your life easier and save you money. Use the Compliance Checklist tool for a needs assessment.
Employee Time Clocks
Capture in/out punch data, job codes for accurate accounting, mileage, tips, department transfers, and more in real time with our Employee Time Clocks solution. Web and mobile time clocks record and manage employee time, PTO requests, and employee portals. This frees up management time and minimizes human error. Mobile options can even record your staff’s location when they clock in or out.
With the TimeWorksPlus time and attendance software we offer, your business can improve payroll accuracy, digitally accounting for staff time. It’s a flexible, convenient, and easy-to-use time and attendance solution that is highly customizable to your particular business. You can track employee hours, approve timecards, view and edit data in real time, and create time and attendance auditable reports, which protect against labor disputes. In addition to producing accurate timekeeping records as required for DOL, FLSA, ACA, and PBJ compliance, the TimeWorksPlus tool lowers your administrative load, reduces potential errors, and helps you control labor costs.
Whichever time and attendance solution you choose, you’ll:
- Save time.
- Simplify management.
- Reduce human error.
- Reduce labor costs.
- Increase productivity.
- Increase accuracy.
- Ensure compliance.
Payroll Management is a family-owned and operated independent payroll processing and HR support services provider for small and medium-sized businesses that want personalized service from real people. To learn more about our Time & Attendance services, call 800-734-6880 and ask to talk with Chris Hemenway today or visit our website.