better payroll days ahead with automated, cloud-based time and attendance
DESCRIPTION
Processing payroll may not be a day at the beach, but it doesn’t have to be a chore. According to the IRS, 33% of employers make costly payroll errors each year that result in billions of dollars in penalties. Why does this happen? We all know that payroll isn’t just about adding up the hours an employee works over a period of time, multiplying those hours by a rate, and then cutting the employee a check. There is a seemingly endless list of variables to factor in, such as local, state and federal labor law compliance (such as the ACA); PTO accruals; job costing; expense tracking for items such as tips or uniform deductions; and the list goes on and on. Multiply all of that by different pay policies for different groups of employees, and take into account union versus non-union workers, and the payroll process becomes even more complicated. In this free webinar, nettime solutions will show you how using automated, cloud-based time and attendance with web service integrations will convert your payroll processing chores into big wins for your company by eliminating errors, improving productivity, and maintaining data integrity so that payday is a great day for everyone involved.TRANSCRIPT
Better Payroll Days Ahead
May 21, 2014
with automated, cloud-based time and attendance
@nettime
#payroll
Webinar Presenters
Jennifer Spencer
Director of Marketing
@jenspencer
Reed White
Director of Sales
@wreedwhite
Webinar Overview
• Time & Attendance Trends
• Benefits of Integrating Time & Attendance
with Payroll
• Client Case Study: Automating Time &
Attendance and Integrating Payroll
• Compliance, Compliance, Compliance
• Implementing stratustime
• Q&A
Your Typical Payroll Day ?
Quick Poll: Collecting Time Data
• Mostly Manual/Spreadsheet-Based
• Best-of-Breed Automated Solution
• Part of an Integrated Workforce Management Suite
• Functionality within an ERP Solution
Time & Attendance in the US
28%
Best-of-Breed
Automated Solution
24%
Part of Integrated
Workforce Management Suite
16%
Functionality within
ERP Solution
32%
Mostly Manual/
Spreadsheet-Based
National Average…
Benefits of Automating
“The Payroll Diaries”
“The Payroll Diaries”
“It’s challenging keeping up with the
changes. I’ve noticed the ever
increasing reporting, tracking, and
compliance issues.
Never did I dream that payroll
would be so complex …”
Compliance
Are you
ready for the
Affordable
Care Act?
Why Integrate?
Overhead Costs
Manual Workforce
Management
Transactions
Errors in Tracking
Time Worked and
Handling Payroll
Processing
Increase Your Accuracy
Time and
attendance errors
represent 36% of
total payroll
errors
36%
Decrease Your Costs
The American Payroll Association
estimates that fraudulent time clock
usage cost businesses 5% of their
gross payroll annually.
Case Study: Current Client
• 200 Employees
• Hourly & Salaried
• Time Tracked in Excel
• Manually Reviewed Coding
• Manually Calculated Overtime
Case Study: Current Client
• Bi-Weekly Process
• 5 Days Required
• 1 Full Day of Data Entry
• 1 Full-Time Employee
Case Study: Current Client
Implementing stratustime
Implementing stratustime
We’ll help you identify things like
•What day of the week does your work
week start on to calculate overtime?
•What is the pay period frequency of
your pay group, and if this is a 9/80 pay
period, at what time does the day split
to start the new pay period?
•Do you need to split shifts at midnight,
and if so, on what days of the week do
you want the split to occur?
Implementing stratustime
Better Payroll Days Ahead …
Questions?
Better Payroll Days Ahead
For more information,
call 800.561.6366 or
visit nettimesolutions.com to
request a customized
demonstration of our time &
attendance software.
with automated, cloud-based time and attendance