Let’s Talk Some Numbers! Clock in and out Software!
For a company of just ten employees, with 26 pay periods(Bi-Weekly) per year, roughly $11,000.00 is wasted ever year! If you have more than 10 employees, then the numbers start to get big, and scary! This is money that the MinuteHound clock in and out software could save you! The reasons that decide this potentially wasted money are human error, employee time theft, buddy punching and even payroll processing.
All of these costs could be eliminated by use of the clock in and out software provided by the MinuteHound time clock.
Human error costs between 1% and 8% of total payroll according to the American Payroll Association. A company that uses traditional time cards are very prone to time theft and employee fraud. These issues could be eliminated by the clock in and out software used by the MinuteHound time clock. Time is automatically calculated by the software based on when an employee logs in and out.
The Many Benefits of Clock in and Out Software
Unintentional employee time theft accounts for roughly 4 hours and 5 minutes per employee every single week! This time theft is composed of long lunches and breaks, employee tardiness, leaving early and a number of other events. Imagine if just half of these costs could be recouped by the clock in and out software. That means that 5% to 10% of your company’s total payroll that is unintentionally wasted by your employees could be recovered and that time wasted by employees could be recovered in increased productivity.
2% to 5% of an employee’s payroll, on average, is lost as the result of Buddy Punching, as reported by the American Payroll Association. The clock in and out software from MinuteHound eliminates this potential loss because the fingerprint biometric data is keyed to each individual employee. If an employee wants to be counted as present, he or she must be present in person.
Number’s Don’t Lie! Start Saving With Clock in and Out Software Today!
Traditional payroll processing itself with time cards costs an annual expenditure of five minutes per time card. In that theoretical company posed at the beginning, that’s $325.00 per year. The clock in and out software automatically tabulates the payroll and therefore the MinuteHound time clock could pay for itself if just the expense of payroll processing is covered! Numbers don’t lie! The time to make the switch is now. Don’t waste another minute! Start saving now!
No training required. No Learning Curves. No Contracts. No Inventory.
MinuteHound Clock In And Out Software: Make The Numbers Go In Your Favor! Contact Us Today!
We are confident in our business, be just as confident in yours.
Call (800) 351-7237 MinuteHound today!