1/7/2024 0 Comments Workforce timekeeperBy improving rules application, data availability, and workflows, Kronos Workforce Timekeeper enables companies to: Reduce the risk of costly payroll errors and inflated labor costs. These features, combined with integration capabilities, enable companies to shorten the workflows required to generate payroll from time and attendance data. Dashboard views that enable supervisors to efficiently analyze data and manage payroll data input by exception. ![]() Desktop-based self-service that enables attendance-related data collection directly from employees and managers. Workforce Timekeeper features include: An advanced rules engine that applies complex work and payroll rules. KRONOS WORKFORCE TIMEKEEPER Workforce Timekeeper is a key application in the Workforce Central suite, Kronos s comprehensive workforce management system. Achieving and documenting compliance is both difficult and time consuming, and noncompliance can result in costly penalties. Most work environments are subject to rules arising from collective bargaining agreements and local or federal regulations. Employees must fill out time sheets that are then collected and re-keyed by payroll clerks into a payroll system so that checks can be cut. In the absence of automation, time and attendance and payroll functions are labor intensive and costly. Because of the complexity of time and attendance tasks, manual systems are vulnerable to costly employee fraud and errors such as buddy punching, or extra sick or leave-days that are incorrectly given because managers are overloaded with data. In order to accurately complete time and attendance tasks, managers need to track for a large number of employees complex variables including hours worked, wage rates, pay rules, and leave time such as sick days and vacation time. The challenge For most companies, there are a number of reasons to consider automating their time and attendance functions: Complexity. Most users paid for the solution with only the savings from payroll error elimination. Organizations received payback in an average of 5 months. Nucleus found 75 percent of companies adopting Kronos Workforce Timekeeper achieved an ROI above 250 percent, while the median ROI for all users was 469 percent. 36 Washington Street Wellesley MA Phone: Fax: Nucleus Research Inc.ΔΆ THE BOTTOM LINE Automating time and attendance functions enables companies to reduce costly payroll errors, increase payroll staff productivity, and reduce nonstaff payroll costs. ![]() 1 For use with financial modeling tool G45W ROI EVALUATION REPORT KRONOS WORKFORCE TIMEKEEPER Corporate Headquarters Nucleus Research Inc.
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