Time(keeping) equals money.

The American Payroll Association (APA) has declared numerous ways in which companies are hurting their profitability by not implementing today's automated timekeeping technology.

Manual vs. Automated Timekeeping

Compare the different processes involved with Manual versus Automated Timekeeping.

• Is your company taking the time to handle, approve and total each employee's time card or can it be done in a matter of seconds?
• Do your employees write down their punch times, giving their best approximation for in and out times, or does your system track the very minute your employees clock in and out?
• Is your company vulnerable to human error when calculating one of your greatest expenses - labor costs - or is your system instant, error-free and automated?
  
• Could you significantly reduce your cost of labor?
  

Three ways manual timekeeping drives up costs

• Human Error: The APA estimates that the rate of human error in time card preparation and totaling is between 1% and 8%. Therefore, a conservative 2% error rate on a $12,000 payroll would equal $240 in erroneous wages.
  
• Wasted Labor Minutes: Did you know that just 15 employees receiving pay for merely 4 minutes of "wasted" time per day [untracked breaks, extended lunches, over-approximated punch times, etc.] will total 1380 minutes [23 hours] of additional pay per month?
• Manual Time Card Totaling: The average payroll clerk spends 7 minutes per time card each pay period:
• Preparing and handling time cards
• Computing time card totals
• Verifying time card totals
• Computing shift and department totals
• Reconstructing lost or damaged time cards.

Here's an example of how much that will cost you: Preparing 100 time cards will take an estimated 11.67 hours to complete. Therefore, at an average clerical wage of $15.00 per hour, time card preparation would cost $175.05 per pay period.