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Factoid of the Month
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$avings
|
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Take a 500 employee
company saving 3 minutes
per day with a loaded labor
rate of $20 per hour.
|
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$20 per hour =
.33 cents per minute
|
|
.33 cents per minute
x 3 minutes per day =
.99 cents per day savings
|
|
.99 cents per day
x 5 days per week =
$4.95 per week savings
|
|
$4.95 per week
x 50 weeks per year =
$247.50 per year savings
|
|
$247.50 per year
x 500 employees =
$123,750 total payroll savings
|
|
|
SAVE $123,750 per year in
payroll dollars simply by
clocking in employees where
they work as opposed to
where they come into the
building.
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– Telliris Newsletter
Volume 17
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|
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Quote of the Month
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The recession has amplified
these messages:
|
|
|
"Do more with the labor
resources you have."
|
|
|
"Understand what your
workforce is doing."
|
|
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"Use automation
to optimize
labor efficiency."
|
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– Telliris Newsletter
Volume 17
|
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As a manufacturing organization, you are faced with tight profit margins,
escalating labor costs and increasing competition, so it is essential to cut costs.
Your shift workers frequently have irregular schedules from week to week. Your
labor contracts stipulate complicated rules for employee lunches, breaks, or
premium pay.
An automated time and attendance system can handle all of that and then
some! Find out more in this edition of TimeLines and on our Time and Attendance Forum.
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- Marc Nelson, Editor-In-Chief, TimeLines Newsnote
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Manufacturing Savings for Manufacturing Organizations |
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An automated time and attendance system takes data and turns it into
information for managers. For many manufacturers, the sheer numbers of
employees presents numerous problems for supervisors and inefficiencies can
cost companies large amounts of money.
With an automated time and attendance solution, manufacturing
organizations can manage their employees more efficiently by allowing you to:
| • |
Configure multiple schedules and shifts
|
| • |
Apply complex work rules to large, diverse workforces
|
| • |
Collect data automatically from different care stations within the same
facility
|
| • |
Handle shift differentials and apply shift rates accurately
|
| • |
Collect shop floor, project, and client data
|
| • |
Eliminate buddy punching and unnecessary overtime
|
| • |
Control access to gates and doors
|
| • |
Track movement through plant facilities
|
| • |
Pre-approve schedule change, overtime, and paid time off (PTO) requests
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| • |
Enjoy efficiency and savings of paperless automated payroll processing
|
| • |
Comply with union rules and government regulations
|
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To get more of your questions answered,
join the time and attendance forum today:
Time and Attendance Forum |
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