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Risk is often thought of as something that happens from the outside –– such as a natural catastrophe or economic slump. Yet risk exists within your own business. And if you still use paper time sheets and time cards with your employees, you may be exposing your payroll process to a great deal of risk. Take employee time theft, for example. No one likes to think of employees stealing.
All businesses have a slow season. It’s within this period that companies have a tendency to place urgency on reducing costs. In most cases, it’s a good way to tackle costs by trimming the fat. Unfortunately for some organizations the presumption is that managers will take the right actions to control their department costs. Or perhaps follow their CFO’s suggestions to delay critical investments, shift costs from one accounting category to another, or reduce overhead.
Figuring out how to structure your paid time off policy has been a long-standing dilemma for employers. Determining how many sick days, vacation time, and what holidays to allocate off, can be overwhelming. HR Managers have to dissect every aspect of the company in an effort to appropriately develop a quality benefits package. In the same instance HR Managers have to consider what the best interest of the employer is as well ensure that they set the company’s policy up correctly so the org
Every worker loves new technology, right? Not quite. The truth is, even in today’s business world, where certain segments seem dominated by news of an ‘always on’ culture, adopting and training on new technology can be daunting for plenty of employees. Training Employees on New Time & Attendance Software. Perhaps you’ve recently added one or more people to your employee roster.
Organizations are always looking for ways to improve processes. Many leaders prioritize efforts that increase sales, or maximize ROI on marketing efforts. They also care about enhancing the way employees connect, collaborate, and sync up across different locations, including satellite offices. Time and Attendance Software for Satellite Offices. These days, business happens almost anywhere, and at almost any time.
Self-service features are the hallmark for most cloud-based time & attendance software. Such features are designed to be employee-facing, letting workers engage with the software in ways that improve their user experience, as well as their employee experience. Many self-service features are designed to create new levels of mobility, simplicity, and ease.
In many engineering and IT environments, the main focus points back to security. That’s because the success of many firms relies heavily on protecting their intellectual property. Along with security, engineering firms must also focus on managing their workforce in order to maximize ROI on every project. This starts with tracking how much time your engineers and other professionals dedicate to every phase of a project or product initiative.
Construction sites can be sprawling, high energy, and expensive environments. Behind temporary fences, sites sometimes host dozens, perhaps hundreds of employees and contractors at any one time. Often, these workers focus on one specialty or area related to the worksite. And, construction firms routinely leave hundreds of thousands, even millions of dollars-worth of machinery, equipment, and materials on site for weeks and months.
Every day, organizations in every industry are turning to advanced, cloud-based software to help manage the changing needs of a dynamic workforce. This includes time & attendance software, which can help managers and leaders track and analyze time-on-the-clock data, and utilize key information to create schedules, help control costs, and measure productivity.
Issues with employee time & attendance can show up in any number of ways. Employees might become inflexible about their scheduling, or reluctant to work specific shifts. You might notice a spike in unscheduled absences, especially among certain workgroups. Or, managers might suspect that time fraud is taking place. When there are time & attendance issues, many HR professionals find themselves needing to take the lead in order to solve them.
When employees chronically miss work without notice, or when absenteeism suddenly spikes in part of your workforce, it can lead to a series of kneejerk reactions, questions, and concerns. Is there something else going on? Are employees disengaged? What’s really happening here? And while some people might make assumptions about what employee absenteeism is saying, the data, including information from your time & attendance software, might tell a different story.
The New Jersey Earned Sick Leave Law went into effect in October of 2018. It requires covered employers in the Garden State to provide one hour of paid sick leave for every 30 hours worked up to 40 hours per benefit year to eligible employees. As many readers might be aware, such requirements are not unique to New Jersey. In fact, vacation and sick leave policies are very popular among employers, whether or not they are regulated under a specific law.
Are flex work options the key to employee happiness, engagement, and even greater productivity? Some believe so. Flexible arrangements can give workers more options when it comes to their schedules. They can create new ways for employees to engage with the workplace. And, they can benefit your company, especially if they help foster a happier workforce.
What does the future of working look like? For many companies and workers, the future is all about flexibility. That’s one of the takeaways from a recent study, “ The Millennial Mindset ,” in which a whopping 92% of individuals said they want to work from home, while 91% said that flexible working — not being forced into traditional 9-to-5 days — is important.
Companies everywhere are concerned with time theft. One of the ways that time clock fraud can happen is through “buddy punching,” when an employee clocks in or out for other employees. Facial recognition technology is designed to help you prevent buddy punching. Do your employees know how much buddy punching costs your company? . Buddy punching can go right to your company’s bottom line: Time fraud can cost businesses up to 5% of gross payroll, according to the American Payroll Association (APA
Technology has changed for job seekers, hiring managers, HR professionals, and staffing agencies. It has sped up the application process, made recruiting and onboarding more efficient, and created new ways to engage with employees. Staffing Agencies Are in Demand. For workers and employers, staffing agencies can be big time savers. Each month, millions of workers find temporary positions via staffing agencies, according to the American Staffing Association (ASA).
Remote and flexible work options sound great in theory. After all, who doesn’t want to at least have the option to work from home, or somewhere other than the workplace? Also, with so much technology at our fingertips, working remotely can be easier than ever. However, if you’re setting up remote work options for the first time, there’s plenty to consider before you send out a company-wide email.
What does reporting business miles have to do with time & attendance? These days, more than you might think. When employees travel for business they’re often on the clock. More and more of today’s workers need to report business miles for expense reimbursement. Whether they are remote workers, or on-the-go professionals who are building connections and closing deals, they need to log road miles.
Do you remember the old family calendar that hung from a nail in your kitchen? That was how many parents and kids used to keep track of carpooling schedules, exams, band practice, soccer, family game night and plenty more. Blue pen meant “work stuff”, the red marker meant “personal,” and everything synced up—despite the scribbles and random notes. Workers can sync work and personal calendars.
Whether you love the holidays or not, the season has a way of creating havoc on just about everyone’s calendar. There are trips back home and relatives coming to visit. Parents run around between after-school functions, holiday performances, and events in town. Meanwhile, work doesn’t stop. For plenty of people, especially in retail and restaurant jobs, things are busier than they’ve been all year.
Many businesses and organizations recognize that employees are their lifeblood. Sometimes, attracting and keeping talent can be tricky. That’s especially true in an environment where just about every organization seems to be hiring. In fact, with 6.7 million job openings in the U.S., there are more openings than there are candidates to fill them. When you’re adding new names to your employee roster, it’s essential to bring people up to speed on your business systems.
Overtime happens in the business world. Depending on the way your company is organized, the industry you’re in, and even the season, overtime is hard to avoid. And while most companies take steps to avoid it, or at least keep it under control, there are still going to be times when certain employees tap into overtime hours: Maybe employees need to take on extra shifts to cover for sick co-workers.
In the last decade, companies of all sizes have transitioned to PTO banks, which combine vacation days, personal days, and even holidays into one lump of time that employees can use for any reason. By integrating all these hours into one pool, employees can take days off at their discretion (with supervisor approval, of course) when they need them. PTO banks are easy to administer, and provide employees with flexibility and privacy, among other benefits.
Is time theft an issue for your company? If it was, how would you know? If you think that employee theft only happens in the office supply cabinet, think again. Every day, employees across the country take part in time clock fraud—whether inadvertently or intentionally. And when they do, employers are left paying them for unworked hours. As many as 75% of companies have time “stolen” from under their noses, according to an American Payroll Association (APA) study.
Most businesses focus on taking care of their people in a number of ways, from offering competitive wages, to providing perks and benefits, to building a workplace culture where people feel supported. One way people can feel supported is knowing that they can look forward to a couple of breaks during their shift. Managing Breaks and Meals in a Legally Compliant Way.
The process of implementing new software can be complex. There’s early research, vetting different vendors and partners, checking with budgeting, getting feedback from managers and employees, and finally getting buy-in from senior leaders. And all that is just the beginning. Your Vendor Should Support our Time and Attendance Implementation. While the extent to which your vendor supports your implementation varies, you want to be sure to get as much assistance as you need.
As back-office functions go, tracking employee hours can sometimes get overlooked. This is especially true for many new businesses with small teams. But the issue of time theft, no matter how big your business, is anything but small. Even a single hour of padding on each employee time card per month can cost a business thousands of dollars a year. When employees improperly document their hours, whether intentionally or not, this can lead to payroll and tax reporting issues, and can even cause le
Many of today’s companies recognize that their employees are the key to their success. Whether their people help drive innovation, create great customer experiences, or follow through on efficiencies, engaged and productive workers typically lead to a successful business. Right now, retaining employees is a hot topic. The Right Point System is a Reward.
Sometimes it can be tricky for employees to grasp how payroll works, especially if they’re recent hires and still getting used to your systems. Questions are sure to pop up: When does the pay period end? When do we have to turn in our hours? How long until payday? And if they get caught trying to figure out what it means to pay employees current, or in arrears, and whether one is better than the other, things can get more complicated.
Companies build and drive productive workplace practices in many different ways. Sometimes, maintaining a productive workplace is simply baked into the company’s overall culture. People come to work enthused and ready to contribute. But when that’s not the case, companies use any number of methods to encourage productivity, such as: Employees work hard to achieve commissions, end-of-year bonuses, or promotions.
Is there a “right time” for a tech startup to add operational management functions, especially if they’re not ready for a human resources department? Some startups begin thinking about HR and management functions when they reach about 20 employees. That’s when a number of federal and state employment laws kick in. Others will apply when an employee count reaches closer to 50.
Job Costing Across Multiple Projects. When tech companies support different lines of business, or work on multiple projects at once, being able to track and manage job costs accurately is a must-have. After all, there are budgets to plan and follow, teams to build from a mix of salaried, hourly and contract employees, benchmarks to keep clients happy, and future projects to prepare.
Across the tech industry, from well-funded start-ups to blue chip firms, niche companies to some of the world’s most popular brands, nearly everyone is hungry for talent. In the US, the industry grew by roughly 2% in 2017, according to the annual Cyberstates report, and is projected to grow 5% globally in 2018. In this environment, competition for talent can be fierce.
In the last decade, tech companies of all sizes have come to rely on cloud-based software to improve workflow, strengthen connections, and give employees new ways to sync up across locations and teams. What about a cloud-based solution for tracking schedules and logging time & attendance for tech companies? For some newer time & attendance software companies, the cloud has always been their home.
Discover how our 60-person-strong risk management team keeps an eye on law changes to inform our product development team. The post Infographic: How stratus time Helps Businesses Stay Compliant appeared first on nettime solutions.
Do you remember the proposed overtime changes to the Fair Labor Standards Act (FLSA) in 2016? Once in effect, the rule was predicted to extend overtime protections to 4.2 million workers who were not previously eligible under federal law. Plenty of workers were excited about the changes, while many companies were a little concerned. And one sector that was particularly worried about changes in labor laws was the restaurant industry.
When it comes to day-to-day business needs, a company’s cloud-based time & attendance software should be reliable, flexible, and easy to use. This tends to be the criteria by which industry websites such as SoftwareAdvice.com and Business.com break down the pros and cons of different time & attendance solutions. It also reflects the kind of feedback that customers provide on such sites as they weigh in on features and functionality.
For many professionals, the phrase “cloud-based computing” has become synonymous with business-as-usual, and the promises that come with the cloud, such as rapid deployment, faster services, and greater connectivity, are baked into many modern work environments. However, less than a decade ago, the concept of the cloud was still new and fairly novel for many businesses and organizations.
If you’re a restaurant owner, you may have opened shop because you have a love of food, or entertaining, or both. You also probably discovered—very quickly—that there was an administrative side to things that involved parts of the business you weren’t particularly fond of, like paperwork, and employment laws, and tracking time and attendance for your restaurant.
Bill needs to cut out a little early today. He asks Sue if she’ll clock him out when his shift is over. Sue tells him not to worry, she’s happy to help. Maybe it’s no big deal to them, but it could be a big deal to everyone else. Every day, businesses across the country lose money because of employee time theft. The type of buddy punching between Bill and Sue is among the most common, but time theft comes in all shapes and sizes, including: Taking breaks that are longer than the allotted time.
Chances are, business owners do not want to consider that time theft is happening at their companies. After all, doing so means they have to consider the fact that their own employees are “stealing” time, which, for many companies, is as important a commodity as any other. As it turns out, the vast majority of companies—as many as 75%—are having time “stolen” from under their noses.
Many small businesses manually track time and attendance, and others rely on outdated technology. It’s natural to think employees wouldn’t take advantage of loopholes in the system, but the statistics tell a different story. For instance, did you know that 43 percent of employees admit to having committed time theft? Put your time-theft knowledge to the test now.
One essential part of a retail manager’s job is creating the employee schedule. You have to know what the store needs, have a sense of sales trends, and be able to anticipate shopping spikes, all while making sure to keep the wishes of your employees in mind. Is scheduling retail workers easy? It depends on who you ask, and what tools the manager is using.
From San Francisco’s Retail Employees Rights Ordinances, to Oregon’s Fair Work Week Act , to the federal Schedules that Work Act proposed this past July, the push for fair scheduling continues to gain momentum at all levels. And while bills and ordinances differ, one thing they share is the desire to create new levels of autonomy and fairness for low-wage, hourly, and on-call workers.
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