How to Determine Potential Savings from a Time and Attendance System

If you’re thinking about buying an automated time and attendance tracking system but aren’t quite sure if you’ll get the desired ROI, this post is for you! Let’s determine the potential savings that could be found from implementing a time tracking system in your workplace.

To determine potential savings that a time and attendance system might bring, it is best to first evaluate your current employee time tracking situation and identify areas of improvement. As you review your processes, look for things such as inefficiencies, high administrative costs, redundant data entry and data entry errors, labor time consumption and other pain points. One very useful question to ask is simply “where could savings come from?”. Might they come from reducing payroll processing time and labor costs? Or from reducing payroll errors and reporting time? Might they come from eliminating unauthorized overtime or buddy punching? Or from having off-site access to time and attendance data?

The truth is that savings can come from any and all of these steps, which is why automated time tracking systems like uAttend are so meaningful and effective. If you use a manual time tracking system or have a traditional time clock and notice any of the core issues mentioned above during your process analysis, chances are you will find great benefit in an automated time tracking system. In fact, many businesses see an immediate ROI after integrating a time and attendance solution.

Tracking employee time might seem like a basic task, but don’t underestimate its potential to save your business valuable revenue and positively impact your bottom line. Today’s advanced time clock systems not only reduce the time and effort it takes to monitor, record and manage employee time, but also allow you to generate reports, receive real-time alerts if someone is late, and even prepare you for performance reviews. Not only that, but solutions like the uAttend Employee Management System essentially automate your entire payroll process ensuring accurate, to-the-minute work hour records and paychecks. Cloud-connected software enables users to access and retrieve employee work hour data any time and from anywhere. With minimal initial investment and a scalable month-to-month contract, it is easy to see how the benefits of an automated time and attendance tracking system means huge savings for your business.

If you’d like to learn more about saving money by automating your time and attendance process, visit our website at www.uAttend.com or call 800-518-8925.

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