Are you using a manual employee time and attendance system that fails to ensure the accuracy of timekeeping? If so, you are overpaying for labor. It’s time to cut your losses.
The Cost of Time Card Estimation
You can save on labor costs by eliminating timecard estimation. How accurate is memory? When staff members forget to punch in or out and have to enter missing punches on their timecard several days later, do you think they estimate in and out times in your favor? Can you recall your exact start and end times for the past payroll period? Paying for just a few extra minutes per team member each week can really add up.
If you have 25 employees who guesstimate their hours with an extra 8 minutes of time for which they were not on the job, you will overpay:
- $184 weekly
- $367 biweekly
- $794 monthly
If you do the math for a whole year, you can really see that you need to stop the bleeding. This is what you would overpay for three entry-level wages:
- $9.00/HR $7800
- $10.00/HR $8667
- $11.00/HR $9529
What could you do with an additional eight grand a year? Purchase new equipment? Offer additional training? Boost advertising?
Workforce Management Suite includes TimeClock, a cloud-based time and attendance solution that makes reducing labor costs easy. As your employees enter time on their tablets, mobile phones, or computers—or with one of our plug-and-play time clocks—you’ll reduce time card guesstimating that results in unnecessary overpayment.
Let us show you how TimeClock can help your company. Call today for a demo!
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ICON, Inc. offers Workforce Management Suite, the powerful, fully-integrated WorkforceHUB that makes it easy to optimize the performance of your managers, employees, and organization.
Workforce Management Suite includes TimeClock, TimeSimplicity, and TimeWorks Mobile. Workforce Management Suite is designed for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and lessen labor costs.
How much can you save? Check our ICON, Inc. ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to set up a demo.
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