Summary:
For many organizations,
employee time-off policies have grown increasingly complex — a key
improvement for employees seeking flexible paid leave arrangements.
However, these policies pose a substantial challenge to human resources
departments that must now design and manage a variety of plan types.
Attendance Enterprise from InfoTronics, Inc. can be configured to
automatically track employee earned benefit time-- in real time. This
paper looks at the advantages of implementing Attendance Enterprise,
including the cost savings and streamlined operations associated with
automating the granting, validation, and calculation of accruals and
leave.
Can
Your Organization Retain Valued Human Resources?
The success of any
organization is tied to the satisfaction of its employees. In fact, no
matter how challenging the economy, an organization's most talented
performers usually have other employment options.
How do companies keep
their most valued human resources? Compensation packages must be
competitive, of course. Yet in many cases, employees are motivated by
more than pay.
More and more, employees
seek recognition that they have demands outside of the workplace.
Flexibility Brings Complexity
To address these issues,
many employers are abandoning strictly defined categories of sick,
personal and vacation time, opting instead for flexible paid time-off
policies that give employees flexibility to take time-off to serve their
needs.
As a result, employee
time-off policies have grown increasingly complex — and this poses a
substantial challenge to the human resources departments that now must
design and manage a variety of plan types.
A further challenge is
that today’s HR departments, like other core functions within an
organization, are under tremendous pressure to operate with less cost
and greater accountability. The focus is to reduce the costs and
administrative burden associated with setting up and managing multiple
time-off plans, while improving HR efficiency.
Automating Benefits Accrual
Organizations facing these
challenges require their time and attendance systems to automatically
accrue employee benefit earnings. They look for an automated system to
help simplify numerous activities, starting with plan setup and
continuing through tracking, administration and analysis, as well as
information sharing with payroll and financial systems.
Attendance Enterprise™
from InfoTronics is easily configured to automatically compute and pay
employee earned benefit time. Attendance Enterprise is a scalable time
and attendance system offering flexible pay rules, scheduling, labor
budgeting, web access for employees and managers, and biometric data
collection. Many organizations have implemented this flexible
application to automate policies associated with the granting,
validation, and calculation of accruals and leave. The system applies
balance enforcement restrictions in real time, and provides employees
and managers with easy access to those balances.
Real
Results in Real Time
Attendance Enterprise is
specifically designed to automatically calculate employee leave balances
and enforce leave policies -- preventing unauthorized leave time while
minimizing the administrative burden once faced by HR. Plus, Attendance
Enterprise benefit accrual features are flexible enough to facilitate a
wide range of complex leave and benefits policies.
Organizations that
automate benefit accruals with Attendance Enterprise achieve the
following results.
• Improved productivity
and accuracy. A configurable engine calculates user-defined leave
rules – automating all record keeping which lets HR work more
efficiently. Plus, organizations experience increased accuracy by
eliminating error-prone manual calculations and record keeping
• Customized
calculations. The highly flexible nature of the benefit accrual
parameters and setup allows Attendance Enterprise to address even the
most complex set of benefit accrual conditions – no matter the variety
of policies.
• Real Time Tracking.
Benefit balances are available for each day of an employee’s employment,
letting organizations deliver real-time balances to managers and
employees
• Increased
Flexibility. Different benefits can be made available to different
groups or employees. Accrual rates and tracking can vary based on job
position, senority, or employment status, among other things.
Organizations can automate maximum accrual amounts, yearly carryover,
and borrowing benefits.
• Robust Reporting.
Attendance Enterprise reporting tools let organizations retrieve and
analyze leave-related employee data - showing instantly which employees
have high or low leave balances. Manager Self Service and Employee Self
Service reports empower employees with real-time access to available
leave time balances.
• Increased Compliance.
The system minimizes an organization’s exposure to leave liability
and employee grievances, improving compliance with corporate policies
and union contracts. The system also consistently tracks FMLA and other
mandated leave policies.
Conclusion
As employee time-off
policies grow more complex, and HR departments seek to reduce cost and
increase accountability, the goal is to automate leave practices fairly,
consistently and cost-effectively. Attendance Enterprise from
InfoTronics, Inc. is specifically designed to reduce the costs and
administrative burden associated with setting up and managing multiple
time-off plans, while improving HR efficiency.
By establishing a series
of benefit accrual rules, virtually any calculable series of conditions
can be automatically accrued by the system.
Attendance Enterprise
reduces the labor and productivity costs associated with unauthorized
leave time, gives employees and managers access to real-time leave
balances, and is proven to eliminate the problems associated with
managing the flexible time-off policies today’s employees demand.
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