Time You Can’t Afford to Waste: 3 Reasons to Leave Manual Entry Behind
Time You Can’t Afford to Waste: 3 Reasons to Leave Manual Entry Behind

Time You Can’t Afford to Waste: 3 Reasons to Leave Manual Entry Behind

Despite mass migrations toward technology and away from doing things by hand, many employers admit to being stuck in the rut of manual entry for their payroll information.

A PayTech Trendline Survey of 775 industry professionals yielded surprising results as to the true cost of manual entry methods.

  1. The price of human capital
    79% of survey respondents admitted to having one to three workers in their offices whose job consists entirely of gathering and manually entering timecard data. Eliminating manual entry allows these employees to use their time in more efficient, strategic and rewarding capacities. With so many options for automating the time entry process, doing it by hand is simply a waste of time, talent and resources.

#2 Mistakes will cost you
Despite the number of employees hired to oversee time entry, survey respondents indicated that the biggest money waster in their companies is the time it takes to continually correct manual entry errors. Another significant cost is the time taken to fill out time sheets. A third of respondents admitted to facing both of these costs due to manual entry. Human error and wasted time can both be combatted with a simple solution: time and attendance software.

#3 Companies know they need to change
PayTech’s survey revealed that 87% of respondents know they should eliminate paper time sheets and manual entry. However, respondents cited barriers such as cost, dealing with change and legacy systems tying them to their current method. While the temptation to stick with the status quo is understandable, the benefits of automated solutions far outweigh any perceived barrier. The technology is there, so it should be utilized.

Of those respondents who have moved away from manual entry, over half use a payroll service provider and close to 80% use time and attendance software. In other words, the right technology is key. Paycor offers companies a simple, easy-to-use time tracking application, ReadyClock, as well as a more robust, enterprise-level solution, Time and Attendance. Using time tracking technology allows you to eliminate human error, reduce costs and focus on running your business. To learn more about how Paycor’s time and attendance software can help you concentrate on strategy instead of manual processes, contact us today.

Source: PayTech Magazine

More to Discover

Webinar: COVID-19 Summit - Why Leaders Need Technology More than Ever - 4/23/20 @12pm ET

Webinar: COVID-19 Summit - Why Leaders Need Technology More than Ever - 4/23/20 @12pm ET

The HCM industry has reached a fundamental crossroads. Now more than ever, leaders need HCM technology to help them see around corners. They also need to harness the power of their people for growth, but they lack the right tools. Join Paycor’s Chief Product Officer, Ryan Bergstrom, to get an insightful deep dive into the evolution of HCM technology and why the moment where in right now is such a critical time for SMB leaders. Speaker: Ryan Bergstrom Ryan is the Chief Product Officer for Payor and is responsible for setting the strategy for Paycor’s HCM suite to meet SMB market needs. Ryan spent 7 years at Ultimate Software, where he served as VP of Product Management. Prior to Ultimate Software, Bergstrom held manager and director...

Webinar: COVID-19 Summit: (KEYNOTE) How HR & Finance Can Reduce Costs - 4/23/20 @11am ET

Webinar: COVID-19 Summit: (KEYNOTE) How HR & Finance Can Reduce Costs - 4/23/20 @11am ET

Businesses are facing the difficult task of sustaining operations and serving customers while also limiting expenses during this crisis. Join Paycor’s Chief Human Resources Officer, Karen Crone and Chief Financial Officer, Adam Ante, to discover the top ways SMBs can reduce short-term costs and prepare to return to future growth. Speakers: Karen Crone and Adam Ante For today’s speaker, we have Karen Crone, Chief Human Resources Officer at Paycor. Karen is responsible for scaling Paycor’s people practices in support of its rapid growth and for reinforcing its strong culture across an evolving geographic footprint. Over the last nine years, Karen has helped Paycor grow from 400 to over 1,800 associates. Her current focus is on enhancing...

Coronavirus Aid Relief & Economic Security Act: What SMBs Need to Know

Coronavirus Aid Relief & Economic Security Act: What SMBs Need to Know

On March 27th, the Coronavirus Aid Relief and Economic Security Act (CARES Act) was enacted to provide financial relief to those impacted economically as a result of the Coronavirus pandemic.Paycor is waiting for additional guidance from the IRS and the Department of Labor to determine how we can best support our clients. We will communicate more information once guidance becomes available.The CARES Act keeps in place the credits established in the Families First Coronavirus Response Act, enacted March 18, 2020. Below is a list of additional details released as part of the CARES Act. Advance Payment of Payroll Credit Under the CARES Act, employers could get the payroll tax credit in advance. Guidance has not been issued by the IRS as to...

Webinar: Paycor Analytics Deep Dive - Manufacturing

Webinar: Paycor Analytics Deep Dive - Manufacturing

Meet Paycor Analytics, a people analytics tool that will help transform the way manufacturing companies manage their workforce. We will show you how manufacturing companies can transform existing HR data into meaningful analytics that answer the most critical business challenges and drive meaningful change across your workforce.