Six Benefits of Installing an Automatic Time & Attendance System
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This webinar discusses the benefits of installing an automatic time and attendance system. The presenter, Mark Boutilier, will cover six key benefits: accuracy, increased productivity, bottom line savings, decreased burden on payroll department, stronger corporate culture, and regulatory compliance. Attendees can ask questions and future webinars on related topics will be scheduled. The session is 30-45 minutes and on-demand materials will be available after.
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Six Benefits of Installing an Automatic Time & Attendance System
- 1. Start Time: 2:00pm EST Live Webinar: Webinar Audio: You can dial the telephone numbers located on your webinar panel. Or listen in using your microphone or computer speakers. Welcome! Employer Solutions Fast and Focused: Human Resource Topics Explained
- 2. Webinar DetailsToday’s Presenter Mark Boutilier | Net@Work Senior Solutions Engineer • Over 30 years developing and implementing HR and Payroll solutions • HR Practitioner for over 10 years | Employer Solutions
- 3. | Employer Solutions Housekeeping • Session is 30 -45 minutes long • On-demand video and copies of PowerPoints are available • All audio lines are muted • Please feel free to enter questions into the question box.
- 4. Today’s Topic: Six Benefits of Installing an Automatic Time & Attendance System This Photo by Unknown Author is licensed under CC BY-SA
- 5. | Employer Solutions Six Ways a Time & Attendance System Can Help
- 6. | Employer Solutions 1. Accuracy Improving information accuracy and reliability are two of the primary reasons why organizations install a time and attendance system.
- 7. | Employer Solutions • Illegible handwriting on timesheets • Abuses in documenting hours • Relies on the honor system • Often not completed until end of pay period • Little insight into true labor costs. • Exact accuracy of punches • Reduces or eliminates ‘buddy punches’ • Capture and correction during the pay period • Punch data transferred in real time • Supervisors alerted to missing punches etc. during the pay period. Accuracy: Handwritten versus Automated Manual Timekeeping Automated Timekeeping
- 8. | Employer Solutions 2. Increased Productivity Manual processes require collection of timecards and re-entering the data into your payroll solution. This can take hours each pay period and is prone to errors.
- 9. | Employer Solutions Is This Time Well spent? • Time spent processing each timecard can be up to 7 minutes • Not unusual for Payroll to spend up to 8 hours per pay period • APA estimates 1-8% of total payroll spent on correcting clerical errors.
- 10. | Employer Solutions A thought from Stephen Hawking . . . . “The cost to fix a data error at the time of entry is $1. The cost to fix it an hour after it's been entered is $10. And the cost to fix it several months later is $100+.”
- 11. | Employer Solutions 3. Bottom Line Savings •Reduce human error •Eliminate time theft •Monitor and reduce overtime •Allocate labor resources more effectively. – leaner with less padding staff levels
- 12. | Employer Solutions 4. Decrease Burden on Payroll Department • Paper records: storage and retrieval • Sole responsibility for payroll outcome • Bottleneck around individual • Greater accountability
- 13. | Employer Solutions 5. Stronger Corporate Culture • Engage employees with expected technology • Empower employees and supervisors with self-service features • Manage employee scheduling to balance employee skill sets • Pro-active WorkLife balance leads to greater employee satisfaction.
- 14. | Employer Solutions 6. Regulatory Compliance
- 15. | Employer Solutions Bonus Reason: Integration with HRMS
- 16. | Employer Solutions Six Ways a Time & Attendance System Can Help Brought to you by Sage Time and Sage Time and Attendance by
- 17. Webinar DetailsQuestions, Thoughts or Comments? | Employer SolutionsThis Photo by Unknown Author is licensed under CC BY-NC-ND
- 18. | Employer Solutions Next Week “Way Beyond the Time Clock”
- 19. | Employer Solutions Future Topics ? mboutilier@netatwork.com “Fast and Focused” in the subject
- 20. Webinar DetailsThank You For Attending! Mark Boutilier | Net@Work Senior Solutions Engineer (P) 800-719-3307 Ext 4805 mboutilier@netatwork.com | Employer Solutions 800-719-3307 www.netatwork.com netatwork.com/blog Net@Work YouTube Follow us on Twitter: @netatwork_corp Follow Net@Work on LinkedIn Follow Net@Work on Google+ Follow Net@Work on Facebook Connect with