According to statistics released by the U.S. Bureau of Labor, businesses in America experience 2.8 million absences each year. The cost of these absences both direct and indirect is more than $74 billion.
Absences cost much more than the dollar figures that appear on your employees paychecks. Absenteeism impacts the flow of work, results in decreased productivity, and can even cause loss of customers.
In today’s difficult economy, companies must look carefully under every rock to reduce overhead.
For companies of all sizes, the unnecessary expense of time theft can mean the difference between profit and loss, between keeping your doors open and shutting them.
Every business that exists needs to have some way in which it is able to manage labor time. It needs to be able to determine when employees are at work, and how much time they have to be paid for as a result.
By administering and tracking both paid and unpaid leave policies, Advance Systems time and attendance systems plays a valuable role in helping organizations maintain compliance with federal, state, and union mandates.
Get a handle on this common but costly issue with Advance Systems Time and Attendance Software. As more states establish additional record keeping requirements for employers, Advance Systems introduces its time attendance software.
Is your employees absence legally protected? Take a look at the top five things you and your Business should be considering.