Gaining the Competitive Edge
Increasing efficiency. Decreasing costs. Almost any executive will confirm that these two areas are critical in becoming more competitive both here and abroad. One of the most significant--and controllable--places to begin is labor expenses.
In order to control employee costs, you must first track and understand them. That's where a time and labor management system can help. Not only will you have the data you need to make cost-effective decisions, but you'll be able to determine the best way to optimize your workforce.
The challenge is in choosing the right time and labor management system for your business.
- What are the critical features of a time and attendance product?
- What other factors should I consider during my evaluation?
- What questions should I ask to uncover the true cost of ownership?
This paper intends to provide executives with a high level overview of critical time and attendance management features and explain the need to explore the cost of ownership in an effort to uncover potential hidden costs.