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 staff members forget to punch in or out and have to record missing punches on their timecard several days later, do you think they estimate in and out times in your favor? Can you recall your start and end times precisely for the past payroll period? Paying for just a few extra minutes per staff member each week can really add up.
If you have 25 employees who approximate 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 an extra eight grand a year? Purchase new equipment? Provide additional training? Expand advertising?
Baron Workforce Management Suite includes Baron Time, 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 Baron Time can help your company. Call today for a demo!
baronHCM offers Baron Workforce Management Suite, the powerful, fully-integrated Workforce Management Suite that makes it easy to optimize the performance of your managers, employees, and business.
Baron Workforce Management Suite includes Baron Time, Baron Scheduling, and Baron Mobile. Baron Workforce Management Suite is developed for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and reduce labor costs.
How much can you save? Check our baronHCM ROI Calculator.
We can get you up and running with Baron Workforce Management Suite in minutes. Contact us today to schedule a demo.