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It’s no secret that “fudging” and “rounding” on handwritten timecards cost you money. But do you know how much?
Let’s do the math: Just 20 minutes of lost time a day add up to 10 full days a year.
That’s two weeks of paid vacation on your dime. In dollars and cents, here’s a typical example:
But that's just the beginning. Other significant costs associated with inaccurate timekeeping can take a bite out of your bottom line.
Like the hours your bookkeeper spends every week deciphering and then manually
entering attendance information from handwritten timecards.
And what about the money you're losing paying for unearned employee benefits?
Optional benefits like paid vacation and profit sharing are typically figured as a percentage of hours worked and wages paid.
The same goes for mandatory contributions such as FICA, Medicare, FUTA, and workers’
compensation insurance. Not too keen on paying taxes on wages that aren’t earned? Then you need a time and attendance
tracking system accurately records your workers’ hours.
By accurately tracking labor, you’re giving yourself a competitive edge in these belt-tightening times, one that enables you to…
- Streamline your operations, eliminating the time consuming and error-prone process of filling out handwritten time cards
- Save money by eliminating time "rounding"
- Automate your payroll process and significantly increase accuracy
- Better estimate future job costs
- Make important business decisions based upon good information
The JobClock System offers you these benefits and more. In most cases, the system pays for itself in just a few months. After that, the cost savings go in your pocket – and will show up on your bottom line.
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