Discover the true value of a Time and Attendance solution
- Transcript of the video
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With research from Mercer highlighting that the total cost of absence can equal as much as 36% of the payroll, have you ever wondered what your employees are doing on your time?
Or perhaps, how much productivity is lost through unscheduled absence each year?
Collating and managing this data is an enormous task for anyone, but just imagine the insight you would gain…
Relief from this burden is simple, and with multiple methods of capturing this data, your employees are the perfect people for the job!
By providing a straightforward mechanism to capture time and attendance data, you can get a wealth of information at your fingertips, enabling you to seek efficiencies and drive business improvements by managing the exceptions in your employees data.
Many organisations experience pain points in this area, all of which can be easily controlled with a time and attendance solution, for example
- Unscheduled absence
- Uncontrolled labour costs, and
- Labour intensive payroll preparation time
Unscheduled absence is more than just sick leave.
It can be for multiple reasons, all valid, however all unexpected.
Where as the effect of this disruption is consistent, the ramifications are varied, and are often unseen, however, still felt by other employees, and in some cases, resulting in low staff morale.
The consistent application of company policy is achievable with a time and attendance solution, helping to increased staff morale, and resulting in a reduction in unscheduled absence and out of control labour costs.
A time and attendance solution monitors and captures exceptions, trends and patterns in this behaviour.
So, what does this mean for your business?
Well, highlighting these trends and patterns, whilst managing data exceptions, increases insight into reasons for employee absence.
Once you are aware of the reasons, you can take steps to address issues or areas of concern, and in some instances, the data may help form a case for policy change.
Through greater understanding of the patterns in the data, you gain better control and management of the labour costs associated with employee absence, together with improvements in scheduling and staff coverage.
The automation of your data management enables more efficient preparation of your payroll, whilst increasing the accuracy of the data.
The reduction in time spent handling scheduling queries, time off requests and overtime authorisations will enable you to focus on core business activities that have a direct impact on your profit margin.
Access to this level of data enables greater empowerment of Managers, who can track and analyse their employee’s productivity more effectively and efficiently, resulting in reduction in both labour costs and absenteeism.
Focusing on these pain points, ADP have invested in the perfect solution, ezLaborManager, enabling you to manage your data by exceptions.
To find out more about how ADP can help you with your time and attendance needs, and for a demo of ezLaborManager, our time and attendance solution, speak to ADP today!
