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Timeclock software is most often used by organizations to lower
their administrative cost, personnel cost and risk in the payroll area.
Administrative cost savings provided by time clock software includes:
- Eliminating the need for employees to fill out timecards and the time cost associated with that process.
- Reducing he time it takes for managers to check timecards
- Eliminating the need to photocopy, file and archive time cards.
- Reducing the need for manual cheque runs to correct manual time clock errors.
- Eliminating the cost of manually entering time card data into payroll systems.
In terms of risk management, time clock software can eliminate many
causes of error: Manual addition, overtime calculations, award interpretation,
commissions all involve the risk of mis-calculation. Timeclock software can virtually eliminate this type of risk.
The other area of benefit is in the area of time theft. By using time clock
software to automatically calculate and round start, stop and break times
employee will not longer be able to steal those few minutes a shift.
A few minutes a shift can add up to large costs over an entire workforce.
To see for yourself the savings timeclock software can provide use our on-line cost
calculator to estimate your potential savings.
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