Friday, 09 December 2011

Companies look to lower costs after budget cuts

With budget cuts looming, many companies are looking for ways to save money.

Most company’s largest expense is its workforce. Advance Systems’ Time & Attendance and Employee Management System TMS can help to reduce payroll, administrative and overhead costs in all business sectors.

Advance Systems’ Time & Attendance Solution helps to 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. Advance Systems’ Time & Attendance Solution completely automates the calculation of hours eliminating the risk of error associated with manual calculations.

TMS also greatly reduces time spent on Human Resource Management data-input, filling out forms, and dealing with employee queries. Your employees can directly view their entitlements and requests for leave can be approved or queried automatically.

Improving the effectiveness of managing employees’ Time & Attendance greatly reduces labour costs and improves productivity. This improvement in productivity will equal an increase in profits for any business.

If your business is looking for ways to reduce payroll, labour or overhead costs, please visit www.time-attendance-systems.ie or call 01 4637000 to book a free demonstration. 

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