Even though Baron Workforce Management Suite is very cost-effective, some employers still aren’t convinced that it’s worth it and hang onto old school manual timekeeping systems. Today’s post is addressed to employers who are using manual Workforce Management methods because they don’t believe that investing in an automated system will yield a worthwhile ROI.
Here are 3 critical ways Baron Workforce Management Suite helps businesses control labor costs:
Employee Time Theft
If you haven’t caught any of your staff members fudging on their time cards—it’s only a matter of time (pun definitely intended). In a survey of over 500 retail and service industry personnel, over 30 percent admitted to calculated time theft.1 The two types they recognized specifically are buddy punching and recording incorrect start and end times.
Buddy punching, logging erroneous start times, and early punch-ins and late punch-outs result in an average of 4.5 fraudulent hours per week, per staff member. For one staff member earning a wage of $10 per hour, that can be a loss of $45 per week.
Reduce Administrative Costs
With pen and paper time cards, your managers spends tedious hours troubleshooting timesheet inaccuracies and then manually slinging the data into the payroll system. When your HR staff can complete payroll in minutes, they are free to work on company initiatives that have a bigger payoff. Overtime policing can also be time consuming, which leads us to number 3:
Control Costly Overtime
Companies that mismanage overtime for hourly team members can really take a financial hit. Manual timekeeping systems don’t have built-in warnings to inform supervisors when employees are approaching or have exceeded their authorized hours. The larger your business, the more unplanned overtime costs you. Baron Workforce Management Suite customizable overtime notifications are one of the most popular features in our system.
Baron Workforce Management Suite will rapidly pay for itself and continue to save on labor costs every single payroll!
1“Employee Theft No Longer an If-It Is Now How Much!,” Kessler, https://investigation.com/2013/04/26/employee-theft-longer-now-much/, accessed March 6, 2017
Baron Payroll offers Baron Workforce Management Suite, the powerful, fully-integrated Workforce Management Suite that makes it easy to optimize the performance of your supervisors, employees, and organization.
Baron Workforce Management Suite includes Baron Time, Baron Scheduling, and Baron Mobile. Baron Workforce Management Suite is established for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and lessen labor costs.
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We can get you up and running with Baron Workforce Management Suite in minutes. Contact us today to set up a demo.