Are you using a manual employee timekeeping system that fails to ensure the accuracy of timekeeping? If so, you are paying for time not worked. It’s time to cut your losses.
The Cost of Time Card Estimation
You can save on labor costs by eliminating time card estimation. How accurate is memory? When associates forget to punch in or out and have to record missing punches on their time card several days later, do you think they guess punches 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 estimate 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 a surplus eight grand a year? Buy new equipment? Offer additional training? Expand advertising?
Workforce Management Suite includes TimeWorksPlus, a cloud-based time and attendance solution that makes reducing labor costs easy. As your employees record 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 creates unnecessary overpayment.
Let us show you how TimeWorksPlus can help your organization. Call today for a demo!
SwipeClock LLC offers WorkforceHUB, the unified Human Resources portal that makes it easy to optimize the performance of your managers, employees, and organization.
WorkforceHUB includes TimeWorksPlus, TimeSimplicity, TimeWorksPlus Mobile, and ApplicantStack. We’ve just added recruitment, onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB is designed for busy employers like you who need to reduce cost-per-hire, streamline scheduling, automate time tracking, maintain regulatory compliance, and lessen labor costs.
How much can you save? Check our SwipeClock LLC ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to set up a demo.