Job Costing with Time & Attendance

nettime solutions

Estimating Future Job Costs with the Right Time & Attendance Solution. And when it’s time to build a job costing strategy, how you track time & attendance is one of the first things to look at. The data you receive from stratus time can help you shed light on costs of current projects, and help you plan your next project bid. Is Your Time & Attendance Solution Bad at Job Costing? Job Costing Across Multiple Projects.

5 Components for Successful Organizational Analytics

HR Bartender

Earlier this year, I had the opportunity to attend the Society for Human Resource Management (SHRM) People Analytics Conference. During one of the sessions, speaker Jack Phillips shared five components for successful organizational analytics, and I wanted to share those with you.

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HR Analytics for Better Data-Driven Decisions

SutiHR

People analytics can provide HR teams with better data collection, reporting, and the information required to make data-driven business decisions. HR analytics make data accessible to HR professionals; whether they require the latest information on time and attendance to streamline the scheduling process or a payroll report to address issues. The post HR Analytics for Better Data-Driven Decisions appeared first on SutiHR.

Business Loan? Leverage Time and Attendance Data

nettime solutions

In addition to financial statements, time and attendance reports can give unique insights into productivity, such as showing the loan officer a visual illustration of when and where your employee time is used. A cloud based time and attendance system automatically captures data in real time. When you are ready to review that information, a simple click of a button collects that data into easy-to-read reports.

That Dirty Four Letter Word – DATA!

HRchitect

Let’s take a look at data and the impacts a four letter word can have on your system(s). Data quality is affected by the way it is entered, stored and managed. Each vendor is slightly different, but you need at least one person on the client implementation side, preferably a SME — someone who is familiar with the legacy system, where and how the data is stored, updated and what are the expected end results. It all comes down to… Data, Data, Data.

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8 Ways to Set Up an Employee Time & Attendance System

nettime solutions

Gone are the days when the punch card/time clock was your only option for accurately tracking employee time & attendance. The spectrum of options ranges from the simple do-it-yourself solution to state-of-the art time & attendance software solutions —with costs and implementation appropriate to each option. Small businesses in their first year or two might choose to utilize a manual time & attendance system. Time Clock Hardware.

Reliable Time & Attendance for Employees, Managers & Business Owners

nettime solutions

Between the country’s economic growth and the record low unemployment rate of 4.1%, times are looking good for many companies and workers. According to recent Bureau of Labor Statistics data, average hourly earnings moved up nearly 3% from a year ago. According to the New York Times , along with raises, companies are also enhancing benefits packages, exploring new perks, and even changing the way they recruit. A Reliable Time & Attendance Solution.

Manage Complex Pay Rules With Time & Attendance Software

nettime solutions

For many manufacturing companies, the complexity of managing their employees’ production levels as well as their time and attendance across multiple locations can be overwhelming. A cloud-based time and attendance system can provide you with advanced features to help you manage your labor data. payroll labor analytics time and attendance software

The 3 Key Metrics in HR Predictive Analytics

HR Bartender

For the past few years, every HR related trends post included predictive analytics. So, what exactly are predictive analytics? For example, time to fill. Predictive analytics offer insights into the future. I decided that I wanted to learn more about predictive analytics so I picked up a copy of the book “ Predictive Analytics for Human Resources ” by Jac Fitz-enz and John Mattox. Why should HR pay attention to predictive analytics?

Is Your Time and Attendance Data Relevant to Your HR Objectives?

nettime solutions

And an advanced time and attendance system –– that seamlessly integrates into your HR platform –– can actually help bolster the HR process in many ways. Someone made an effort to put in more time during a difficult project. Your managers can quantify that time and attendance and make performance reviews more objective, tying pay raises to metrics. Advanced time and attendance data can also help the HR process with high-level strategic moves for the company.

3 Quick Budget Tips with Cloud-Based Time and Attendance Data

nettime solutions

Your department is using cloud based time clocks. With the click of a few buttons on your manager dashboard, you have instant access to real-time information. Here are 3 ways you can use time and attendance data to come up with a quick budget: Get a New Photocopier. But with labor analytics, a highly visual pie chart can show how much time employees spend of their day making copies. labor analytics business intelligence workforce mobility

What is Attendance Management?

TalenX

At the same time, an organization that implements a way to track its employees’ attendance can surely benefit from enhanced profitability and reputation. Attendance management is an excellent way to track your employees’ attendance and punctuality. Advanced analytics.

From Predictive to Prescriptive Analytics

Ultimate Software

Having entered the predictive analytics space three years ago, Ultimate Software has seen HR teams start to rely on these important metrics for taking action in their organizations. Predictive analytics are good for people and good for business. In fact, according to Bersin by Deloitte, “The few companies already applying Big Data to HR are reaping rewards, with HR teams four times more likely to be respected by their business counterparts for data-driven decisions.”.

People Analytics Conferences Data-Driven HR Leaders Can’t Miss in 2018

Visier

People analytics is now business-critical and, more than ever, HR must take advantage of the massive opportunities that analytics provides. The HR teams that will succeed in 2018 and beyond are those that have a grasp on how the developments of the data age will impact the workforce and their business. To support this, we’ve gathered a list of the top 2018 people analytics and workforce planning conferences for data-driven HR leaders of all skill levels.

10 Benefits of Using Big Data in Human Resources

CakeHR

Big Data analytics and their benefits have long been appreciated in executive circles. For Human Resources there are a multitude of benefits that Big Data can bring, all of which have continued in their evolution thanks to continuing developments in data analytics.

Monitor Time and Attendance to Improve Business Profit

nettime solutions

Ask yourself, if your company’s finances are no longer recorded in leather-bound ledgers –– why are you still using paper timesheets or manual methods to track your employees attendance? With an advanced time and attendance software in the cloud, workforce data updates in real time on the Manager Dashboard. The data e ven includes off-site employees who are clocking in from mobile devices. Labor Analytics.

3 Ways to Grow Your Business with Time and Attendance

nettime solutions

Did you know that time and attendance software can help you do just that? But if your time and attendance system isn't set up for optimization and analysis, many of those hard-earned dollars can leak through the cracks. Here are 3 ways to keep more of your profits and grow your business: Eliminate Time Theft. With an advanced system, you capture hours right down to the second and in real time. time theft business growth workforce mobility

Keep Employees Busy with Time and Attendance Scheduling

nettime solutions

With a cloud based time and attendance software, you have access to deep labor analytics to improve workforce management. Analyzing time and attendance records from previous summers can be your first step. You can create easy-to-read pie charts and bar graphs with historical data from any period you choose. Next, you can customize filters and create your own categories of time. labor analytics Labor Levels Manager Dashboard Reports

The pay gap persists: Why people analytics is more important than ever

HRExecutive

At the same time, as employers struggle to hold onto their diverse talent, it is forcing them to recognize the individuality of their workforces. That goes hand in hand, she says, with evolving approaches to people analytics.

Data & People Analytics: A WorkHuman 2018 Recap

WorkHuman

Big data. People analytics. Many other fields are leveraging the power of data. And now, HR leaders are investing heavily in programs to utilize data for all aspects of workforce planning, talent management, and operational improvement. All of these areas can be improved by applying a more analytical approach. I had the privilege of attending the fourth annual WorkHuman , conference pioneered by Globoforce, from April 2-5 in Austin, TX. M ater the data.

Time and Attendance for Remote Workforce Management

Mitrefinch

Time and attendance is frequently an issue regardless of your industry. Maybe you have time and attendance shortages, employees not accurately recording time, or, the personal favorite, not completing their time at all. Now imagine that the workforce you are trying to manage is spread over 30 different states in 3 different time zones that all remotely complete their time via a cloud based system.

The Top 22 Virtual HR Conferences to Attend in 2021

Digital HR Tech

When do you want to attend an online HR event? Why attend? Why attend? Listen to HR Directors, Talent Management professionals, HR tech and data experts from companies such as Walmart, Samsung, Schneider Electric and eBay to hear their stories and learn from them.

7 time-clock software features designed to solve attendance issues

HR Morning

Department of Labor says 78 million Americans — about 59% of the workforce — punch a time clock every day. If your company has hourly workers, you know that keeping track of time and attendance is a challenge. to 5% of gross payroll to time clock fraud each year. Attendance issues also impact morale. Consider how you record employee time: Do you use pen and paper timesheets, which are easy to lose or alter? What is time clock software?

Survey Reveals Benefits of Time and Attendance Software

nettime solutions

Our latest survey conducted here at nettime solutions affirmed the benefits of time and attendance software, particularly when integrated with other HR solutions, such as HRIS and payroll software. Time and attendance software can help those managers with this piece of the performance review process. According to our survey, 86% of our respondents shared that it was either important or very important for their time sheet data to integrate into their payroll system.

Survey 131

3 Ways to Grow Your Business with Time and Attendance

nettime solutions

Did you know that time and attendance software can help you do just that? But if your time and attendance system isn't set up for optimization and analysis, many of those hard-earned dollars can leak through the cracks. Here are 3 ways to keep more of your profits and grow your business: Eliminate Time Theft. With an advanced system, you capture hours right down to the second and in real time. time theft business growth workforce mobility

Transformative Data Intelligence: Strengthening Business Reporting to Drive Performance

Aberdeen HCM Essentials

Those that have fortified their data environment and improved business reporting have seen improvements in their workforce performance and key business metrics, such as profitability. If you’re unable to attend the live webinar, register anyway and we’ll send you the recording.

Data 52

Outpace the Competition with Intelligent Time and Attendance Reports

nettime solutions

Reading time and attendance reports should be easy. You may not even be aware of what types of time and attendance reports are available –– and how they can ultimately help your company outpace the competition. An advanced time and attendance software is based in the cloud. All of these activities are captured in real time and are displayed on a customized Manager Dashboard. And, from this single view, you can have a deep dive into labor analytics.

People Analytics: Ethical Considerations

Analytics in HR

In our previous article “ Workforce Data: Is Legislation Enough? ” we discussed the implications of the recent European Union’s privacy legislation: General Data Protection Regulation (GDPR). We compared it to various pieces of similar legislation and discussed whether simply complying with legislation is enough when undertaking people analytics projects. In this paper, we extend our previous work to further discuss the ethical implications of people analytics.

Top 10 Ways a cloud time and attendance software is a win-win-win

nettime solutions

A year ago, we posted, "Confessions of a Hallway Stalker" , about employees tracking down managers for time and attendance approvals. Clock in/clock out data updates in real time on the Manager Dashboard, giving managers complete oversight of who is absent or on break. Off-site employees can either use the telephony solution or mobile website to clock in/out, check their timesheets, and request time off. That's because time is money –– for everyone.

When is it Time to Explore Predictive Analytics in HR?

Career Metis

Many companies worldwide have already passed the stage of HR-processes automation, and now they are facing the task of extracting additional value from the data accumulated in the automation systems. The first steps are usually rather simple reports on the basis of this data, which then becomes more complicated. The next logical step for such companies is predictive analytics, the economic effect of which can be many times stronger. Predictive Analytics

8 Ways to Set Up an Employee Time & Attendance System

nettime solutions

Gone are the days when the punch card/time clock was your only option for accurately tracking employee time & attendance. The spectrum of options ranges from the simple do-it-yourself solution to state-of-the art time & attendance software solutions —with costs and implementation appropriate to each option. Small businesses in their first year or two might choose to utilize a manual time & attendance system. Time Clock Hardware.

Your Outdated Time & Attendance System May Be Costing You Money

nettime solutions

Buddy punching, inaccurate time records, and non-work-related activities are three examples of how productivity levels can be affected within the workplace. Often times, business owners look for solutions to build and grow their company from outside resources instead of reviewing internal processes to improve it. You may be able to cut costs and improve productivity levels in these three areas: Time theft. labor analytics business intelligence time theft

Outpace the Competition with Intelligent Time and Attendance Reports

nettime solutions

Reading time and attendance reports should be easy. You may not even be aware of what types of time and attendance reports are available –– and how they can ultimately help your company outpace the competition. An advanced time and attendance software is based in the cloud, meaning employees can clock in and out from a single location or from multiple locations. And, from this single view, you can dive deep into labor analytics.

Top 5 Ways Tracking Time and Attendance Can Help Properly Classify Payees

nettime solutions

Here are five ways an automated time and attendance software solution can help properly classify employees: Accurate time and attendance reporting. Nothing inhibits data collection more than calculating paper timesheets and tracking down misplaced time cards. An automated time and attendance software solution moves beyond the basics of time tracking. Accurate time and attendance data in real time.

ACA Compliance with stratustime Time and Attendance Software

nettime solutions

If you're still calculating time and attendance on a spreadsheet, you'll want to demo our Affordable Care Act (ACA) module in stratus time. You'll see firsthand how time data is captured in real time, with no errors from manual entry. Because stratus time is a cloud based time and attendance software, we can update it and reconfigure it to meet today's changing regulatory landscape.