With budget cuts looming, many companies are looking for ways to save many.
Most company’s largest expense is its workforce. Time & Attendance and Employee Management Systems can help to reduce payroll, administrative and overhead costs in all business sectors.
Mitrefinch Time & Attendance Solutions can immediately lower costs by helping to reduce absenteeism. Employers having to pay staff that are absent or hire temporary staff in their employees absence will see a decrease in productivity and an increase in payroll costs.
Leave inflation equals 0.48% of payroll while errors in Payroll calculations equal an increase of 1.2% of total payroll. Mitrefinch Time & Attendance Solution completely automates the calculation of hours eliminating the risk of error associated with manual calculations.
Time & Attendance Systems can greatly reduce time spent on Human Resource Management data-input, filling out forms, and dealing with employee queries. Your employees can directly view their accrued vacation days and requests for leave can be approved or queried automatically.
Improving the effectiveness of managing employees Time & Attendance greatly reduces labor costs and improves productivity. This improvement in productivity will equal an increase in profits for any business.