Mike Valchar, Sales(Acroprint Time Recorder Company) Diane Aull, Website Manager(Acroprint Time Recorder Company)
Time is money!
In today’s competitive marketplace, every dollar counts.
Tracking employee time is unfortunately treated as an afterthought at many organizations. However, your choice of time and attendance tracking solution can have a significant impact on workforce efficiency, compliance risk and organizational profitability.
Efficiency: For many businesses, increasing efficiency and improving labor utilization are not simply “nice to do,” they’re a matter of business survival. Accurately measuring employee work time allows you to calculate workforce utilization, efficiently schedule your labor force, and control unnecessary overtime.
Risk: The Fair Labor Standards Act requires you to accurately record the work hours for overtime-eligible employees (both hourly and salaried). Failure to do so can lead to budget-busting fines and penalties. Wage and hour related lawsuits make up the largest and fastest-growing segment of employment law. Maintaining reliable and accurate employee time records helps protect against both costly lawsuits and adverse Department of Labor audits.
Profitability: Labor is typically the largest cost component for many businesses. Every day, organizations everywhere lose money to “time theft.” Employees arrive late, leave early and take longer breaks than they should. Even a few minutes a day per worker can add up to thousands of dollars in wages paid to employees for time they are NOT working. A time and attendance tracking system, properly installed and regularly used, can greatly reduce or even eliminate “time theft.”
In this lively session, we will discuss the various time tracking methods available, their impact on your business and how to select the right workforce management solution for you. We’ll also offer tips for best practices to ensure a smooth implementation and maximize the effectiveness of a new system.
Technologies for tracking employee time and attendance.
How to choose best system for your business from a wide range of options.
Impact these choices can have on your company's profits, labor costs and risk management.
Do you have any comments that you would like to share about the value of this session?
Please help others considering viewing the archive understand the value of the session. How would you rate this presentation?
Are you becoming an industry expert? Each One Hour Webcast on HR.com is reviewed and can qualify for an Institute for Human Resources credit. The Institute for Human Resources Certification Program provides HR Professionals with an opportunity to specialize in one vertical or domain, making them an Industry Expert. Each of HR.com’s webcasts are reviewed and evaluated against the verticals/domains criteria, and one credit hour can be applied to the appropriate vertical or domain.
For more information regarding the IHR Certification Program, please click here or visit: http://www.hr.com/en/ihr_certifications/
Did you know that each one-hour webcast is submitted to qualify for HR Certification Institute recertification credits? The archive of the webcast also qualifies recertification credits, for one (in some cases two) year(s) after the original broadcast. You can get your PHR, SPHR, GPHR and credits all without ever leaving your desk. We know how busy today's successful HR professionals are, which is why we're committed to delivering the best education to you in an easy and entertaining format. For more information about certification or recertification, please visit the HR Certification Institute homepage at www.hrci.org "The use of this seal is not an endorsement by HR Certification Institute of the quality of the program. It means that this program has met HR Certification Institute’s criteria to be pre-approved for recertification credit."