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What is the true cost of using a traditional time clock? Would you believe - $ 848.96 per employee per year? Manual Calculation - According to the statistics, an experienced Payroll clerks takes about 7 minutes to total the hours on a paper time card. A complicated task that many don’t think about. Since time is measured in 60ths, adding punched time with a calculator is all but impossible. Studies have shown that manual time card calculation takes a payroll clerk approximately seven minutes per card to total.* If we wanted to know how much time your Payroll clerks spends counting hours every month, we do that: 7 minutes X 40 employees X 4 weeks = 1120 minutes or 18.67 hours That means that by using MPO time clock, you can save your Payroll clerks 18.67 hours of his/her time every month. Lost Time - On average 1 out of every 8 time cards is totaled incorrectly, cheating the employer or the employee out of time and money. Studies have shown the average employee is overpaid for 4 hours and 5 minutes each week or 49 minutes per day.* Mostly due to incomplete, illegible, or incorrectly totaled time cards. Even if manual timekeeping only accounts for about 15 minutes a day in overpayment, the cost is substantial. Human Error - In addition, transposed numbers, misread totals, etc., involved in manual timekeeping cost even more. Studies have shown payroll error factors to be between 1% and 8% of the total payroll cost.*
* Studies conducted annually by the American Payroll Association and Robert Half organization. ** Estimated costs per year based on wages of $7.00 per hour and weekly pay period. Actual costs may vary. Additional costs may result. MPO Online Time Clock is a powerful, web-based automated time clock system. It is easy to use and very economical and designed for any businesses with unlimited users. MPO will save many hours of your time since you won't have to calculate your employees working hours manually. Going paperless for time keeping gives you two huge benefits.
Simple to Manage - Access your Clock Manager from any Internet connected computer, even while traveling. View your Who's In/Out report, edit time cards, and manage employee overtime. View, print, or email timecards and summary reports. Simple to Punch In/Out - Employees can punch from a single computer or multiple computers. They simply need to enter their username and password and click a button. Automated time and labor management system. MPO WebTime reduces time collection to the touch of a finger, swipe of a card or a few computer strokes. Our easy-to-use software calculates hours automatically and accurately. Further, because WebTime is fully integrated with Intuit payroll, Millennium payroll, SLS payroll, Summit payroll, Darwin payroll, Mass 90 and UBCC payroll solutions, the entire process is seamless, fast, and efficient. MPO WebTime solution helps you better manage your employees and save your company money:
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