Make Payroll Easier With A Time Management Solution - PowerPoint PPT Presentation

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Make Payroll Easier With A Time Management Solution

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Employees who arrive late, take longer than permitted for their lunch breaks or slip out of work early, can cost your business dearly, with up to 20 hours of productivity being lost in some cases. So, what can you and your business do to help prevent this and get back all those lost hours? The solution is to make your employees more accountable by implementing an effective time and attendance management system. – PowerPoint PPT presentation

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Title: Make Payroll Easier With A Time Management Solution


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Make Payroll Easier With A Time Management
Solution
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  • Employees who arrive late, take longer than
    permitted for their lunch breaks or slip out of
    work early, can cost your business dearly, with
    up to 20 hours of productivity being lost in some
    cases. So, what can you and your business do to
    help prevent this and get back all those lost
    hours? The solution is to make your employees
    more accountable by implementing an effective
    time and attendance management system.

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  • What is a time and attendance management system?
  • These systems are used by businesses large and
    small to enable their employees to clock in and
    out of work electronically, and this is usually
    via time clocks, computers connected to the
    internet, a variety of mobile devices and
    telephones. The data that is collected from the
    time management system is then fed into software
    that can be swiftly, and effortlessly transferred
    into the companys payroll solution without even
    having to touch a button.

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  • But these time and attendance management systems
    have the capacity to do much more than simply
    track when employees arrive at work, and when
    they leave, they can also
  • Use geolocation and geofencing to closely monitor
    mobile employees
  • Provide business owners with accurate, real time
    data related to the comings and goings of staff
    whether they arrived at all, showed up late or
    who may be nearing over time
  • Effectively manage paid time off
  • Give detailed data related to labour
  • Help to create schedules for employees

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  • How can a time management system make payroll
    easier?
  • Most systems that effectively monitor time
    management can be tailored to fit the specific
    requirements of each business, and when that
    business is ready to run payroll, the employees
    hours are already in the payroll system. In this
    way, accuracy and productivity, not to mention
    the reliability of payroll, is made much simpler,
    and enables managers and their teams to spend
    time on other important aspects of the business
    while freeing up finances that can be put to
    better use elsewhere.

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  • Old systems of time and attendance meant
    gathering time sheets at the end of every week or
    month, calculating the hours and then adding all
    that data into the payroll system. This was a
    time-consuming process that wasnt always
    accurate, either, whereas modern time management
    solutions make the entire process far swifter and
    far more accurate.
  • How do time management solutions impact upon
    employees?
  • The most obvious impact that an effective time
    management solution can have on an employee is
    that their payday experience becomes much
    improved. Their pay-check will accurately reflect
    the hours that they have worked, and their pay

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  • will appear in their account in a timely manner,
    enabling them to rely on this to pay their own
    bills on time and to more effectively manage
    their own finances.
  • Without an effective time-management solution,
    there is the potential for employees to be less
    productive while at work, since they are unable
    to rely on an accurate pay check, there is
    perhaps less motivation for them to work hard.
    This negativity can quickly spread too, and
    before you know it, you could have a wholly
    disgruntled and unproductive workforce on your
    hands.

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  • You can clearly see that having an accurate and
    effective time and attendance management system
    is the only way of guaranteeing that your
    employees receive their pay on time and that it
    truly reflects the hours that they have worked.
    Not only that, but its the simplest solution to
    a complicated and time-wasting payroll system,
    and since payroll is such a vital element of any
    business, its crucial that you get it right.

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  • Apollo Payroll is one of the premier small
    business payroll companies in Miami Beach and
    Coral Gables. Apollo Payroll is dedicated to
    delivering expert advice, responsive service, and
    highly accurate payroll processing and reporting
    to ensure the success and growth of the business
    that we serve. Our services include comprehensive
    payroll service in Miami and other cities in
    Miami-Dade County, employee background check and
    group health insurance in Coral Gables Miami.
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