Can WFM Save Me 30k Annually?
Swipeclock's WorkforceHub can help small to medium businesses with 25 hourly employees save over $30,000 annually by reducing manager time, unplanned overtime, turnover, and integration costs through streamlined scheduling, time tracking, and HR automation.
Are you a small or medium business (SMB) owner wondering if you should turn your attention to Workforce Management (WFM)? You may question whether the time and effort spent on such an initiative would produce measurable results.
How about $30,000 a year?
Swipeclock has found that the average SMB can save over $30,000 per year by adopting WorkforceHub.
How Does Your Business Compare?
The $30,000 figure is based on an average small business that has:
- 25 hourly employees to manage
- Employees paid an average of $15 per hour
- Employees working an average of 30 hours per week
- Supervised by two scheduling managers
- Managers earning about $30 per hour
The savings are broken down as follows:
- $8,840 in manager time savings
- $5,850 in unplanned overtime savings
- $3,300 in turnover savings
- $13,000 in integration savings
Total: $30,990 in annual savings!
WorkforceHub combines time and attendance (TimeWorksPlus) with advanced scheduling (TimeSimplicity) for total Human Capital Optimization.
Swipeclock offers WorkforceHub, the unified Human Resources portal that makes it easy to optimize the performance of your managers, employees, and business.
WorkforceHub includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. Additional features include onboarding, benefits enrollment, performance reviews, and employee engagement. WorkforceHub is developed for busy employers who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and decrease labor costs.
You can get up and running with WorkforceHub immediately. Contact Swipeclock to request a demo or learn more about becoming a reseller.
Related
Why WorkforceHub Makes Sense For Small Business
WorkforceHub by Swipeclock is a comprehensive, customizable, and integrative human resources management system designed to help small to mid-size businesses streamline and automate employee management tasks—including scheduling, time tracking, onboarding, payroll, benefits, and performance reviews—thereby optimizing workforce performance and reducing administrative burdens in a challenging low-unemployment labor market.
The Intuitive WorkforceHub Employee Dashboard
WorkforceHub by Swipeclock is an intuitive, unified HR portal featuring customizable employee and manager dashboards with clock-in/out, scheduling, time off, payroll, communication, and engagement tools, designed to streamline time tracking, compliance, and labor cost management for employers.
The Easiest Way to Comply With Predictive Scheduling Laws
The article explains that predictive scheduling laws, also known as fair or secure scheduling laws, are increasingly being implemented across the U.S. to protect employees from unpredictable work hours by requiring employers to provide good faith schedule estimates at hire, give at least 14 to 21 days' advance notice of schedules, accommodate employee scheduling preferences when possible, and restrict last-minute shift changes, thereby balancing employer staffing needs with workers' stability and fairness.
Swipeclock Workforce Management: Smart Compliance
Swipeclock's WorkforceHub, comprising TimeWorksPlus, TimeSimplicity, and TimeWorksTouch, is an integrated, automated workforce management solution that simplifies compliance with labor laws like the ACA by tracking employee schedules and hours, enabling easy schedule management, syncing HR data for audits, reducing labor costs, and enhancing employee and HR satisfaction through self-service and convenient tools.
Case Study: Hotel Workforce Management
A small 45-room ski resort hotel owner, facing competition from a large budget chain, gained a competitive edge by adopting WorkforceHub's TimeSimplicity scheduling and TimeWorksPlus attendance tools to reduce labor costs, streamline scheduling, accommodate employee preferences, and improve workforce management efficiency, enabling her to attract better staff and avoid hiring additional managers despite business growth.
Time and Attendance Systems for Small Business
The article highlights the benefits of online time and attendance systems for small businesses, emphasizing real-time, precise tracking of employee work hours and locations—including remote and multi-site work—compliance with federal, state, and industry regulations, seamless integration with payroll to ensure accurate pay and reduce errors, and advanced features like biometric authentication, geofencing, automated PTO management, and job-related data collection to improve efficiency and control.