Increase Your Margins This Year
Implementing WorkforceHub with a biometric time clock can save an average small business with 25 hourly employees and two managers over $30,000 annually by reducing manager time, unplanned overtime, turnover, and integration costs, while also improving employee morale, engagement, and scheduling clarity to boost productivity and reduce costly turnover.
If you’ve read our blog before, you know that one of the significant benefits of implementing WorkforceHub is a reduction in overhead, specifically the cost of employee labor. Today, let's highlight some hard numbers.
What Could You Do With an Extra $30,000?
Here’s a hard number: $30,000. That’s what the average small business owner could save by transitioning from a manual time and attendance system to WorkforceHub paired with a biometric time clock.
By “average small business” we mean a company that has:
- 25 hourly staff members who are paid an average of $15 per hour
- Each working an average of 30 hours per week
- Supervised by two $30/hour scheduling managers
Let’s break down the savings:
- $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!
If you have exhausted all of your options for boosting revenue—perhaps because of a rise in the cost of raw materials or you’ve been forced to drop your prices due to new competition—you don’t have a lot of other places to cut.
Run Leaner and Better
WorkforceHub will eliminate inefficiencies in labor management and provide many additional benefits, such as improved employee morale and engagement, including for your managers. When you give staff members powerful tools that eliminate tedious manual tasks, it’s no surprise that they enjoy their jobs more. They can work on far more meaningful projects with the new free hours in their week.
Focused, Productive Employees
Improved communication about scheduling also has a compelling impact on workforce morale. Confusion about shifts breeds frustration, which can lead to unfocused, absent, and late employees. Eventually, confusion leads to expensive employee turnover. You want your associates to clearly understand which shifts they are supposed to work several weeks in advance. Then they can plan their childcare, transportation, and other commitments to fit their schedule and arrive to work ready to be focused and productive.
Increased Trust on Every Level
Employees will also know that they are being fairly compensated for every minute they are working, and you will eliminate the workforce time theft that is common among hourly employees.
Is it time for your organization to start functioning like a well-oiled machine? WorkforceHub is your solution.
Swipeclock offers WorkforceHub, the unified Human Resources portal that makes it easy to optimize the performance of your supervisors, employees, and business.
WorkforceHub includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. We’ve just added onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHub is created for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and reduce labor costs.
We can get you up and running with WorkforceHub immediately. Contact us today to request a demo.
Or are you interested in becoming a reseller? Check out the Swipeclock partner advantage now.
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