It’s Time to Cut Your Losses

reduce labor costs South Jordan

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 time card estimation. How accurate is memory? When associates forget to punch in or out and have to record missing punches on their time card several days later, do you think they estimate in and out times in your favor? Can you remember your start and end times for the past payroll period? Paying for just a few extra minutes per team member each week can really add up.

If you have 25 employees who guesstimate their hours with an extra 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 a surplus eight grand a year? Buy new equipment? Provide additional training? Boost advertising?

The Solution
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 leads to unnecessary overpayment. 

Let us show you how TimeWorksPlus can help your company. Call today for a demo!

 

Contact SwipeClock for information regarding WorkforceHUB™UPGRADE TODAY

SwipeClock offers WorkforceHUB, the Human Resources Management System (HRMS) that makes it easy to optimize the performance of your supervisors, employees, and company workflows.

WorkforceHUB includes TimeWorksPlus, TimeSimplicity, TimeWorks Mobile, and ApplicantStack. We’ve just added applicant tracking, onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB was created for busy employers like you who need to reduce cost-per-hire, streamline scheduling, automate time tracking, maintain regulatory compliance, and lower labor costs.

How much can you save? Check our SwipeClock ROI Calculator.

We can get you up and running with WorkforceHUB immediately. Contact us today to book a demo.

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