People Productivity - Simplified
Welcome to Timeandattendance.com, your valued tool for managing your most important resource: your workforce. Topics on this site will include choosing the right labor management solution for your organization (both hardware and software), trends in the time and attendance industry, and other information that you will find useful.
Time and attendance management can be thought of as three legs to a stool. Without any one of the legs, it cannot function. Make sure your labor management solution has three sturdy legs to stand on.
Overview
Time and attendance management results in cost-effective labor control and productivity
improvement.
Time and attendance refers to the effective management of your workforce. Depending upon the system you use - as simple as manually recorded time sheets and as sophisticated as biometric data capture - you can manage schedules, track benefits accruals, administer training, perform job costing by job/task/project/department, track applied time and product-line details. An effective system will prepare data for automatic transmittal to payroll and ultimately improve management’s decision-making through its comprehensive reporting.
Time and attendance management produces results in cost-effective labor control and productivity improvement.
While nearly all businesses with 50 or more employees have some type of time recording system, only 33 percent have an automated system. In addition to the monetary savings that it provides, an automated system also:
- Improves performance through productivity recognition
- Increases accuracy & efficiency in computing payroll
- Provides a comprehensive database on attendance and work distribution
- Generates real-time information for management decision making and control
- Assures consistent and unbiased enforcement of work policies
- Provides efficient storage and immediate access to details on applied labor
- Reduces and controls unauthorized overtime, unearned benefit time, tardiness, etc.
- Creates dynamic employment environment where applied labor is recognized
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Data Collection
No longer is a time clock simply an instrument of compliance. Using the right application software, your time-recording devices enable you to manage locally while competing globally. It all begins with employees.
Employees are your number one asset and your largest expense. Controlling people expenses and optimizing people performance is both the challenge for and the goal of effective management. And, without the right tools, optimizing their performance is equally difficult.
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Applying Rules
Work rules generally consist of seven basic aspects:
- State and Federal Legislative Compliance
- Company Policy, Procedure, and Bargaining Agreements
- Definition of Employee
- Nature of Appointment
- Employment Status
- Employment Classification
- FLSA Nomenclature
Let's look at each one of these areas separately.
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Reporting
Since labor management reporting is one area where you can lose a lot of money by waiting to react to a report that is not timely, it is essential that you have accurate and timely reporting.
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How a time and attendance software solution will empower your organization
A software solution increases accuracy in collections, computations, and reporting, applies rules consistently, and can even help forecast required resources. Best of all, the immediate access to crucial labor information facilitates fast and effective decision-making based on the most timely data. This allows your company to enjoy increased productivity at an operational, time, and cost savings.
