How can automated time and attendance reduce administrative payroll costs?

With paper timesheets, your administrative staff spends tedious hours troubleshooting inaccuracies and manually entering data into payroll. When your HR staff can complete payroll in minutes, they are free to work on initiatives that increase productivity and loyalty.

How does employee self-service in time tracking impact turnover?

Automated time and attendance tracking allow associates to handle their time cards and monitor PTO, vacation, and other accruals without going through a supervisor. When team members are empowered, they feel better about their jobs which generates increased productivity.

5 Ways Manual Timekeeping Costs Your Business

Manual timekeeping costs businesses significantly by enabling employee time theft, producing inaccurate records that hinder productivity, increasing administrative workload and overtime expenses, and contributing to higher employee turnover due to frustration and lack of transparency, all of which can be mitigated by adopting automated time and attendance systems like WorkforceHub.

Still using pen and paper? Have you considered how much manual timekeeping costs a business?

1. Employee Time Theft

Manual time and attendance systems can be exploited in a number of ways, from hours padding to buddy punching. Some large employers who switch to an automated system are surprised by the drop in employee hours the very first pay period. Even if you notice just a small reduction, this advantage will compound, quickly paying for the cost of adopting an advanced yet cost-effective automated system like WorkforceHub Time and Attendance.

2. Inaccurate or Insufficient Records

Without accurate employee hours data, it is not easy to make informed decisions about human resource allocation. This, in turn, reduces productivity.

3. Unnecessary Admin Costs

With paper timesheets, your administrative staff spends tedious hours troubleshooting timesheet inaccuracies and missing information, and then manually entering the data into the payroll system. When your HR staff can complete payroll in minutes, they are free to work on company initiatives that increase employee productivity and loyalty.

4. Increased Overtime

Manual timekeeping systems don’t have built-in warnings to notify supervisors when staff members are approaching or have exceeded their authorized hours. The larger your business, the more unexpected overtime costs you.

5. Higher Employee Turnover

Inaccurate timekeeping and restricted access to basic information contribute to employee frustration and higher turnover. Many employers don’t realize how pricey it is to replace team members.

Numerous studies have shown that it costs about 20% of annual salary to replace an employee making less than $50k a year and the costs increase with higher paid employees. For a staff member making $30,000 a year, that would be $6,000.

Automated time and attendance tracking allow associates to handle their time cards and monitor PTO, vacation, and other accruals without having to go through a supervisor or the HR department. When team members are empowered, they feel better about their jobs which generates increased productivity.

Swipeclock offers WorkforceHub, a fully-integrated solution that makes it easy to optimize the performance of your managers, employees, and entire company. WorkforceHub includes Time and Attendance, Scheduling, PTO Management, Hiring, and Onboarding. WorkforceHub is for small businesses that need an affordable, quick-to-deploy, “get-in-and-get-work-done” HR system. At Swipeclock, our roots are in the mission critical workforce functions of time and labor and employee scheduling.

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