Is your organization trying to automate time and attendance tracking but having trouble getting buy-in from top brass?

A new study should give companies some help making their case.

Switching from manual to electronic T&A (via, computer- or Web-based software, timeclocks, etc.) gives companies a significant benefit, according to a survey from Nucleus Research.

In the companies interviewed after making the switch, the biggest benefits were:

1. Productivity boost

Automation makes the process easier for everyone involved — employees don’t have to spend time filling out timesheets, managers can approve attendance information more quickly and payroll no longer has to manually collect, check and transmit the data from paper records.

The bottom line: Everyone has more time to work.

2. Fewer errors

On average, the companies surveyed saw payroll errors decline by 1.2%. Going electronic significantly reduces the possibility of human error.

3. Better control of overtime costs

When employees submit their hours at the end of every pay period, managers often don’t know much time everyone’s worked so far in the current week.

With electronic tracking, managers can keep tabs on who’s in danger of incurring overtime and assign extra work for the week to those least likely to exceed 40 hours.

4. Elimination of paper costs

The final benefit is simple: You don’t have to spend money on paper.

Companies with a manual process spend an estimated three cents for every time sheet. Multiply that by the number of employees and pay periods, and you’ll have an idea of how much you can save.

To download a PDF of the report, click here.

Tags: automation, Time and attendance