During your average workweek, about 4% of all full-time workers are absent from their job because of injury, illness, or a variety of other reasons. The absences often go unrecorded and are time consuming for supervisors and managers to handle. By properly accounting for productive time, TimeVantage saves money while encouraging approved attendance.
TimeVantage assures that your company’s normal working hours are fully utilized, reducing the need for expensive overtime. TimeVantage eliminates payment of unapproved or fraudulent overtime and reduces employee payroll grievances through consistent application of company, union, and government overtime rules.
Most time recording processes are paper based or built around obsolete technology that doesn’t consider complex business rules. The resulting hidden costs of payroll calculation errors, unauthorized overtime and employee payroll grievances can often add up to 15% of a company’s annual payroll.
No need to build and support an extensive infrastructure with expensive IT support. Corporations can rapidly set up their entire workforce with TimeVantage, whether they are business unit oriented, geographically dispersed, or centralized.