Many organizations have seen the benefit of automating common payroll and HR functions like onboarding and benefit enrollment. However, one of the most important workforce-related functions – time and labor management – is still done manually many businesses. Performing these tasks manually takes time and often results in mistakes – which can have a negative impact on the bottom line.
According to data from the American Payroll Association, manual pay calculations and processing errors can cost companies between 1% and 8% of their total payroll. Additionally, time-theft, or clocking in / out before an employee is actually scheduled can cost companies money. According to IRS statistics, this overpayment can be as much 10 minutes per day, per employee.
So how can you help your clients avoid these time and money pitfalls? Help them automate their time and labor management process with Paylocity’s Web Time.
With its flexible system, Web Time gathers employee data, tracks accruals and notes exceptions such as tardiness, absenteeism and misuse of break and/or meal periods. No matter your clients’ accounting style, this scalable solution accommodates varying business needs and allows managers and supervisors secure, 24/7 access via the internet, using any browser, anywhere in the world.
Web Time is also available on mobile devices. Depending on your clients’ company policies and preferences, employees can clock in / out, review schedules and hours, submit time-off requests and view vacation, sick and personal time balances, all from their mobile devices. Employees or managers can add comments to timesheets or requests. Additionally, geo-fencing capabilities allow managers to set parameters and track punch-in locations.
Web Time offers single sign-on functionality, meaning users and administrators don’t have to log on separate from Web Pay. Web Time is also integrated seamlessly with Web Pay, so new hires automatically get added to Web Time. Rates can even flow from one system to the other. Functionality like this helps your clients streamline processes and reduce redundant administrative tasks.
Even the simplest tasks, like managing time and attendance, can become a burden on Payroll and HR professionals. Help your clients simplify this important function and gain access to the information you need, in a seamless environment, with Paylocity Web Time.