Companies have much to gain from a move to a capable timekeeping system. However, if key areas are overlooked when making this investment, those savings could be at risk.
Mention “Payday Panic” to employees in your payroll department, and you’ll typically get nods of understanding. With deadlines looming, with timesheets missing, incomplete or inaccurate, and with hours of manual entry and calculations ahead, the end of a pay period can be stressful time to be responsible for payroll processing.
Automating the time collection process leads to greater efficiency and improved accuracy. Hard dollars are saved when you can manage labor costs in real time. But when paychecks on are on the line, your colleagues will appreciate the time you take to do your due diligence prior to making a decision.
To answer to questions below, you may need to consult with the IT department, the accounting department, supervisors, and of course the payroll department. With the information you will gather, you can confidently evaluate your options and select the best fit for your organization.
Stay tuned for future posts on this topic.
