Want to lower labor costs?
WorkforceHub is Swipeclock’s all-in-one HR system tailored to small business. Even though WorkforceHub is very affordable, some employers still aren’t convinced that it’s worth it. They hang onto pen and paper time and attendance systems even though there are far better ways. This post is for employers who are using manual workforce management procedures because they don’t believe that investing in an automated system will yield meaningful ROI.
Here are 3 important ways WorkforceHub helps organizations rein in labor expenses:
Reduce Employee Time Theft
If you haven’t caught any of your employees fudging on their timecards—it’s only a matter of time (pun definitely intended). In a survey of over 500 retail and service industry personnel, over 30 percent admitted to time theft.1 The two types they referred to specifically are buddy punching and recording erroneous start and end times.
Buddy punching, recording incorrect start times, and early punch-ins and late punch-outs result in an average of 4.5 fraudulent hours per week, per employee. For one worker working at $10 per hour, that can be a loss of $45 per week.
Decrease Administrative Costs
With pen and paper timecards, your managers spend tedious hours troubleshooting timesheet inaccuracies and then manually inputing the data into the payroll system. When your HR staff can complete payroll in minutes, they are free to work on organization initiatives that have a bigger payoff. Overtime policing can also be time-consuming, which leads us to number 3:
Control Costly Overtime
Companies that mismanage overtime for hourly team members can really take a financial hit. Pen and paper timekeeping systems don’t have built-in warnings to notify supervisors when employees are approaching or have exceeded their authorized hours. The larger your organization, the more unexpected overtime costs you. WorkforceHub customizable overtime warnings are one of the most popular features in our system.
WorkforceHub will quickly pay for itself and continue to save on labor costs every single payroll!
Swipeclock offers WorkforceHub, the unified Human Resources portal that makes it easy to optimize the performance of your managers, employees, and entire company.
WorkforceHub includes Timekeeping, Scheduling, Applicant Tracking, Onboarding, Core HR, and PTO Management. WorkforceHub is created for busy employers like you who need to reduce cost-per-hire, streamline scheduling, automate time tracking, maintain regulatory compliance, and reduce labor costs.
We can get you up and running with WorkforceHub in a couple weeks. Contact us today to request a demo.
Or are you interested in becoming a reseller? Check out the Swipeclock partner advantage now.
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