Using the Right Payroll and Time and Attendance System Can Lower Your Labor Costs

With labor being the number one cost for most businesses, it’s an obvious place to look for savings in a recessionary spending squeeze. Are you saving as much as you can?

(I-Newswire) February 24, 2010 - With labor being the number one cost for most businesses, it’s an obvious place to look for savings in a recessionary spending squeeze. Are you saving as much as you can?

Paycom is the largest exclusively online full-service payroll provider. We enable employers to manage time and attendance, human resources, background checks, benefits administration and COBRA compliance all in one system.

Automate Time and Attendance
Accurate employee time and attendance tracking is critical in eliminating employee time theft. With Paycom’s automated time tracking you can start paying employees for the hours they’ve actually worked. We help eliminate buddy punching, manual errors and employees rounding up the time they worked.

If you have 100 employees rounding their time up by 5 minutes per day, 5 days a week, 52 weeks a year, you’re losing 2,167 hours a year. At $8 per hour that’s an annual loss of $17,336.

Track Your Labor Costs in Real Time
You can’t manage what you can’t see. If your current provider doesn’t allow you secure access to your data 24/7 then you need to switch to Paycom’s Software as a Service (SaaS) technology. We give you the ability to run real-time reports allowing you to see who is clocked in, manage overtime, track labor costs, employer burden, and analyze any information stored in the system, per department.

Consolidate Applications
Purchasing, upgrading and maintaining different software programs for different payroll and HR applications is an unneeded expense. Paycom offers one system for payroll, time and attendance, HR Management including background checks, benefit administration, and COBRA compliance.

Lose the Licenses
If you’re paying for licenses for users of payroll and/or HR software, you should know that Paycom allows you an unlimited number of users at no additional charge and can customize system access for each user. Plus users have online real-time access 24/7.

Save Time, Save Money
Streamlining your payroll and HR processes is key. Our system is designed to let you operate with ONE login to access all applications. Enter employee data ONE time only for all services. For example, run a background check then with a click of the Hire button, the information is populated in the payroll system and ready for time and attendance, HR, benefits, and COBRA.

Save More with Paycom’s Payroll Services
Paycom is typically priced less than our competitors and we haven’t raised our prices in ten years.