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Why Time & Attendance applications are fundamental to quality workforce management

April 20, 2016 | Time & Attendance

"You can't tell the players without a scorecard". Guess what? When it comes to workforce management, particularly Time & Attendancesoftware, you'll need the new scorecard if you want to earn real-time money savings for your organization. And that new scorecard is a SaaS model type of human capital software application that can truly reduce your labor costs, which can run as high as 70% of a businesses total expenses.

Time & Attendance software is the foundation of all workforce management solutions; without it, it's like going to a baseball game without a scorecard; it just doesn't make sense. Without a time accounting system, you'll be constantly dogged by compliance issues, you'll be stymied when trying to enhance employee engagement, and worst of all, how will you make real-time decisions without having real time information to act upon? But, when you have Time & Attendance software, the world is at your fingertips, allowing you to:

  • Systematize all the rules surrounding the rounding of time, totaling hours by pay category, and enforcing accrual policies
  • Eliminate human errors that result from manual processing
  • Know who is available to work and who is approaching overtime status
  • Understand who is trained for each particular job, who has PTO remaining, and how many people you can allow to be absent on a certain day while maintaining production standards

According to a recent survey of over 1,100 small businesses with fewer than 250 employees, less than 20% plan to enhance their workforce tools in 2016. Over the past 30 years, the story always seems to have that familiar ring; small and mid-size organizations want to shred time cards, time sheets, or honor systems, but the cost of software and implementation are a major barrier to entry. Not anymore.

Workforce management software companies like Workloud are offering robust, configurable solutions, including Time & Attendance applications, on a subscription (SaaS model) basis with little or no cost of entry.  And what could possibly be better? Gone are the days of costly infrastructure, hardware, customization and implementation charges. Say good-riddance to paying for what you don't need. Say hello to paying only for what you do need. And best of all, thanks to companies who offer subscription services like Workloud, you're finally in the drivers seat, you're calling the balls and strikes, and you're changing the sales dynamic from companies who are fond of saying, "We do what's in the best interest of US", to companies who are fond of saying, "Everything we do starts and ends with the customer. How can we help you achieve your business goals, and how can we help you get the right players on the field?"

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Originally published April 20, 2016, updated December 6, 2017
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