We know from 25+ years experience in the payroll space that there are some key ways that paper timesheet cold be costing you money every pay period?
1) Time Creep - Employees making small errors with the times they are recording. A minute here, two minutes there.
2) Time Theft - Blatantly recording time as worked when it wasn't. Late arrival, early leaving, long breaks, buddy punching.
3) Accuracy Issues - Recording, Adding, calculation and keying errors.
4) Wasted Admin Time - Time spent manually calculating and keying the time data into your payroll.
The American Payroll Assoc estimated that these 4 issues alone can cost a business between 3% and 7% of annual payroll costs.
It is easy to eliminate these costs by automating your employee attendance.
Download our free "Cost of Timesheets Calculator" - Click here. #nopapertimesheets
#business #payroll #employees #accounting #minimumwage #smallbiz #hr #startup #smallbusiness #timeandattendance #employer #nz #sme
