Are you using a manual employee time and attendance 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 timecard estimation. How accurate is memory? When associates forget to punch in or out and have to enter missing punches on their timecard several days later, do you think they guesstimate punches in and out 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 associate each week can really add up.
If you have 25 employees who guesstimate their hours with an additional 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 extra eight grand a year? Acquire new equipment? Supply additional training? Increase 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 causes unnecessary overpayment.
Let us show you how TimeWorksPlus can help your business. Call today for a demo!
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TriCore offers Workforce Management Suite, the powerful, fully-integrated Workforce Management Suite that makes it easy to optimize the performance of your supervisors, employees, and organization.
Workforce Management Suite includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. Workforce Management Suite is created 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 TriCore ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to schedule a demo.
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