Why Automate?


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The various benefits of automating your time and attendance solution

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Why Automate?

  1. 1. Why Automate your Time & Attendance Solution?<br />
  2. 2. 2<br />Why Should I Automate?<br />Workplace becoming increasingly fast-paced and competitive<br />Companies looking to better manage labour costs, while improving operational efficiencies<br />Automating workforce management helps<br />Control labour costs<br />Minimize compliance risk<br />Improve workforce productivity.<br />
  3. 3. 3<br />Benefits<br />Reduced Payroll Error Rate and Processing Time<br />Eliminate Costs of Timesheets and Timecards<br />Reduced Overtime <br />Control Payroll Increase<br />Real time information<br />Better Planning<br />Improved Productivity<br />
  4. 4. 4<br />Reduce Errors & Time<br />Human error can account for 1.5-8% of annual payroll costs<br />Approximately 5 minutes to manually process each employee timecard<br />Example: If your company has 100 employees, over 8 hours is spent in processing time!<br />Automated time and attendance can:<br />Increase accuracy<br />Reduces re-work<br />Reduces payroll overpayments.<br />
  5. 5. 5<br />Eliminate Costs<br />Reduce costs in terms of storing, archiving and restoring of timesheets and timecards<br />Save approximately $0.03 per timesheet  multiplied by number of employees and pay periods<br />Decreased risk of records being lost, damaged or destroyed<br />
  6. 6. 6<br />Reduce Overtime<br />Assign work more cost-effectively <br />Scheduling based on who is least likely to incur overtime rates<br />Automating rules and regulations ensures payments are made according to employee schedules, preventing unnecessary payments of overtime due to unauthorized early arrivals and late departures<br />
  7. 7. 7<br />Control Payroll<br />Eliminate increases associated with rounding<br />2-5% of annual payroll costs can be saved through automation<br />3 out of 4 companies experience losses from buddy punching<br />Automated time and attendance and biometric terminals can:<br />Improve payroll accuracy<br />Eliminate risk of buddy punching and time fraud<br />
  8. 8. 8<br />Real Time Information<br />Generate real time reports for:<br />Labour assignments<br />Progress of work<br />Labour costs<br />Analyze and identify key trends, opportunities and threats<br />Identify gaps and monitor trends that could affect the organization, and take immediate corrective action<br />
  9. 9. 9<br />Better Planning<br />Extract data and transform it into presentation forms<br />Effectively predict and plan labour<br />Become proactive in matching resource supply and demand<br />Focus on topics that require attention to ensure continuous improvement<br />Identify trends and problem areas to respond by immediate corrective action<br />
  10. 10. 10<br />Improve Productivity<br />Improved monitoring, recording and managing time and attendance information<br />Employees can rapidly view data and submit changes when needed <br />i.e. Request absences, book vacation time, check work schedules, etc. <br />Managers can easily monitor and approve requests and retrieve information without HR/payroll intervention<br />
  11. 11. 11<br />Summary<br />Control Labour Costs:<br />Reduce overpayments<br />Eliminate manual processes<br />Reduce over-scheduling<br />Provide visibility and control<br />Minimize Compliance Risk<br />Centralized policy administration<br />Local policy enforcement<br />Detail audit tracking<br />Improve Workforce Productivity<br />Automate productivity killing processes<br />Match labour to volume<br />Understand the impact people have on their business<br />
  12. 12. Visit www.synerionwfm.com for more informationon Time & Attendance and Workforce Management solutions!<br />Thank You!<br />