How the Best Companies Manage Employee Time and Attendance
The Ceridian-sponsored Aberdeen report found companies that integrate time and attendance with payroll, scheduling and leave administration demonstrated best-in-class performance as measured by several key indicators.
For a limited time the $399 report can be downloaded compliments of Ceridian.
Minneapolis, June 20, 2011 – Ceridian Corporation, a leading provider of managed human resource, payroll, workforce management, benefits administration and tax filing solutions, has sponsored the Aberdeen Group’s report Time and Attendance Strategies: Beyond Compliance and Payroll Accuracy. The report builds on a previous Aberdeen study on scheduling best practices and explains how best-in-class organizations achieve remarkable results by taking an integrated approach to employee time and attendance, payroll, scheduling and leave administration in an end-to-end HR management solution.
“The Aberdeen study confirms what Ceridian has heard from our customers and what we know from having worked in the HR management field for some time,” commented Howard Tarnoff, senior vice president and general manager of Ceridian Workforce Management.
Businesses that integrate time and attendance with other key HR activities not only have access to better metrics for better decision making, but enjoy superior overall performance when compared to their peers. Clearly optimal workforce management makes a difference.Howard Tarnoff, senior vice president and general manager of Ceridian Workforce Management
“While many of the organizations we surveyed have automated timekeeping solutions, few are leveraging them to their fullest potential,” said Jayson Saba, research analyst at the Aberdeen Group. “Our study demonstrates how top organizations use integrated time and attendance, better reporting, and employee self-service solutions to improve workforce efficiency, productivity and compliance.”
The Aberdeen report is available for $399, however for a short time the full report can be downloaded for free by visiting the Ceridian-sponsored link at Time and Attendance Strategies: Beyond Compliance and Payroll Accuracy.
Of the 260 organizations surveyed, the report measured best-in-class performance using four key criteria.
- A significant improvement in compliance scores (9 percent)
- Low payroll error rates (0.5 percent average)
- Low time tracking errors (0.5 percent average)
- Low error rate in earned time / paid time accruals (0.6 percent average)
While nearly 60 percent of the organizations surveyed use an automated timekeeping solution, only 20 percent were considered best-in-class. Other key performance characteristics that separated these top companies from the others surveyed, include:
- Integrating payroll with automated timekeeping and leave administration processes
- The ability to make better business decisions by using analytics and reporting tools that leverage time data
- Using self-service solutions that empower employees and managers to be more self-sufficient
The report also found that most companies surveyed (72 percent) cited decreased labor costs as the foremost reason for improving workforce management. Other key reasons included improving workforce efficiency (51 percent) and having better regulatory compliance (25 percent).
In mid-February Ceridian announced the release of its Ceridian InView Workforce Management solution: Ceridian Invests in Dayforce to Launch InView Workforce Management. Ceridian’s InView Workforce Management solution includes time and attendance, labor scheduling, labor forecasting, labor budgeting, task management and employee self-service, and can be integrated with other Ceridian solutions, including payroll. Business interest in the Ceridian solution has been rapid and dramatic, with more than 100 customers having already acquired the integrated solution and many more expected to buy it in the near future. See Ceridian’s InView Workforce Management Gaining Widespread Acceptance in the Marketplace for more information.