As you begin the fourth day of each payroll week, imagine receiving a report telling you who among your team members has already worked four days’ worth of hours in a five-day week. How would you react? Would you send the team member home early or ask them to come in late the next day? Using integrated Time and Labor Management from Scissortail, we are able to look at and report on hours as employees approach overtime.
It’s said that small daily changes add up to huge long-term results. If that’s true, how much money could you save your organization by reducing or even stopping the overtime your department is costing the company?
Think about a manager of 10 employees each making about a $20 hourly rate.
Three of those employees consistently take a half hour lunch instead of an hour lunch and by the end of their 3rd workday each week, they are already at 29.5 working hours. If the trend continues (and nothing more), these three employees will end the week with 2.5 overtime hours each. Multiply that by 3 and your team has just cost the company 7.5 hours at an overtime rate of $30 per hour or $225 in overtime pay. Over the course of a year, these employees have cost the company $11,700 in overtime.
It doesn’t seem like a lot in the grand scheme of things but when you add that to other departments with similar scenarios, you have about that salary of another full-time employee.
Now, if these three employees are accomplishing BIG tasks during that time this could be a great investment. However, can that really be true all the time? Probably not.
Here’s a sample of some at-a-glance charts based on the Scissortail approaching overtime report.
These charts are a great example of what many upper managers are requesting.
Managers can quickly see which cost center is the main offender in the overtime costs category without having to sift through a bunch of line items and compare back and forth.
If you had this information at your fingertips, you could make some immediate, strategic decisions.
With Scissortail, you can schedule this calculated time report to be delivered to the managers proactively allowing them that opportunity to better manage their teams.
If a manager’s team has nothing to report, then that manager doesn’t get a copy of the report. On the other hand, if a manager has at least one person who’s approached what you’ve established as the overtime threshold then that manager receives a copy of the report.
What would you do if you could predict the future of your payroll with this kind of accuracy?
May 25, 2023
Get a better understanding of sub-reports and learn how to get totals for labor costs and variable costs. Unlock insights into managing your reports today!
May 24, 2023
Manufacturing software IS NOT just a tool that provides functionality to plan and execute projects from beginning to end while automating materials planning, production tracking and scheduling, and product lifecycle management. Software should never be a "department tool", rather a ecosystem tool.
May 12, 2023
Improve your business management using Acumatica features such as allocations, advances, security, and customized reporting. Learn from an ERP Consultant and former controller how to achieve modern payroll tax compliance and timely decision-making.
April 26, 2023
Discover how technology is causing high turnover rates in accounting positions. Learn about the importance of technology in accounting job satisfaction. Also, how sales professionals can communicate the value of technology solutions to improve their clients’ job happiness.