|
|
Quote of the Month
|
"The rising interest in automated
time and attendance systems is
driven by the difficulty in
tracking in what has become a
rapidly moving target.
Organizations must respond to
constantly changing market and
industry conditions, try to
manage an increasingly diverse
workforce, and increasingly
dispersed workers".
|
- 2008 Aberdeen Group
Benchmarking Report
|
|
|
|
|
Saving time and money is critical to obtaining a competitive
edge in an
ever-changing marketplace. To ensure your company meets this
challenge, the time and attendance system that your organization chooses
must be capable of growing with your business.
Whether you are looking to reduce labor costs, protect your
organization from increased labor regulations, or access time-sensitive
information, it is imperative that your organization takes the time to find the
right time and attendance solution for your needs.
Timeandattendance.com was designed to aid you in this process and we encourage
you to visit the site and our Time and Attendance Forum to make a more informed
decision. Your business' greatest expense, your payroll cost, depends on it.
|
|
- Marc Nelson, Editor-In-Chief, TimeLines Newsnote
|
|
|
|
|
The Ideal Time and Attendance Solution for You
|
|
|
|
|
While no time and attendance system is perfect, it is a general rule of thumb that
organizations should see should seek a system that:
| • |
Requires no proprietary hardware or communication software
|
| • |
Offers interactive/real-time data collection
|
| • |
Combines current and historical data in a single query
|
| • |
Allows an unlimited numbers of users to edit and review information
|
| • |
Operates simultaneously on multi-platform environments
|
| • |
Includes Internet and Intranet capabilities
|
| • |
Protects Against Obsolescence
|
|
|
|
|
|
Paper Timesheets - What is the Down Side? |
|
|
|
|
The negative consequences associated with the outdated method of paper time sheets
are significant:
| • |
Informal tracking of hours and benefit costs impact profits more profoundly than any
other line on the P&L
|
| • |
Leads to an excruciatingly long, mistake-prone payroll preparation process
|
| • |
Information voids cause:
|
|
- |
Inconsistent application of work rules
|
|
- |
Negative benefit precedents
|
|
- |
Poor decisions (due to lack of real-time management reports)
|
Clearly the accuracy, efficiency, speed and ultimate cost savings that automation brings
to the time and attendance arena are staggering.
|
|
|
