It’s Time to Cut Your Losses

by | Sep 18, 2018 | Time Management

reduce labor costs Monsey

Are you using a manual employee punch in and timecard system that fails to ensure the accuracy of timekeeping? If so, you are overpaying for labor. 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 employees forget to punch in or out and have to enter missing punches on their time card several days later, do you think they guesstimate punches in and out in your favor? Can you recall your exact 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 additional 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? Acquire new equipment? Provide additional training? Expand 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 causes unnecessary overpayment. 

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

 

Contact MegaPay USA for information regarding WorkforceHUB™UPGRADE TODAY

MegaPay USA offers WorkforceHUB™, the unified Human Resources portal that makes it easy to optimize the performance of your supervisors, employees, and business.

WorkforceHUB™ includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. We’ve just added onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB™ is designed for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and decrease labor costs.

How much can you save? Check our MegaPay USA ROI Calculator.

We can get you up and running with Workforce Management Suite in minutes. Contact us today to book a demo.

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