Time and Attendance – An Important Function for Employers

HR/Employer Services

Keeping track of employees’ time and their attendance is a huge burden for employers. Are they at work? Are they on vacation? Did they clock in on time? These are all important items to know, but often difficult to manage.

Time is important – to everyone, yet over 40 percent of organizations have not automated timekeeping. And despite its importance, most companies don’t realize how much money they waste on sub-optimal timekeeping.

• According to the American Payroll Association (APA), companies that lack automated timekeeping have up to an 8 percent error rate on their payroll.

• The APA states that 4 hours and 5 minutes are wasted per employee per pay period taking long lunches, being tardy and leaving early.

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Little Mistakes, Big Headaches: Top 3 Payroll Mistakes

Few groups are as precise and detailed oriented as Payroll. That’s what makes them perfect for the job, right? But they’re not infallible.

Mistakes do happen. And when those mistakes involve overpayments, they bring an avalanche of headaches with them.

After all, people’s paychecks are as sensitive a subject as you get.  And telling employees your company paid them too much and now have to correct that will never be well received.

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