Time and Attendance Solutions Still in Demand

Survey findings indicate that growth is still anticipated in the Time and Labor Management solution market.

Hunt Valley, MD (PRWEB) July 12, 2006 -- A recent survey conducted by Wise Consulting Associates, of Hunt Valley, MD, found that Workforce Management (Time & Attendance) is still a critical issue for many organizations. The survey was conducted prior to the American Payroll Association’s 24th annual Congress, which was held this May in Orlando, FL. Responses were received from organizations ranging in size from several hundred employees to over 10,000 employees, with 80% having over 1,000 employees.

Nearly 25% of organizations surveyed do not have a Time & Attendance solution, and an additional 9% are using custom developed (in-house) or spreadsheet based systems. Heide Dolan, Practice Manager for Time & Labor Management at Wise Consulting says that many HR and Payroll leaders are facing internal pressures to more effectively manage labor costs and drive efficiencies in their organizations. “Of the organizations we work with, we find some of the most critical issues are Sarbanes Oxley compliance and controls as well as the desire to automate routine, non-value added processes,” says Dolan. In addition to those issues, the survey found that 36% of respondents state that their organization is increasing in size or becoming more complex, demanding a more sophisticated method for managing time and labor. The complexity can be a result of merger/acquisition activity, organic growth or labor union influences. Of those respondents that have unionized employees, 38% are looking for a new time and labor system.

Dolan further noted that attendees at the APA Congress found out how the vendor market has responded to this situation; there were over 40 different vendors offering solutions to this complex issue in the Congress exposition hall. “Finding the ‘best fit’ solution from this diverse and complex marketplace is a daunting task, for both large and small organizations. Implementing and deploying those solutions is likewise complex,” added Dolan.

Do your homework

Making sense of the potential time and labor management solutions requires careful attention to detail. Dolan recommends a thorough analysis of requirements prior to contacting any vendors. “The due diligence process of defining detailed requirements up front can save a lot of time during the vendor selection process. Establishing a short list of vendors is infinitely easier when a company spends the time detailing time keeping processes, overtime requirements and calculations, shift differentials, break periods and union obligations, etc.”

Defining the organization’s future needs is also critical to the selection process. While mergers and acquisitions may not be predictable, the selection team should focus on the organization’s mission, vision and business plans to identify potential growth or change that could impact the needs from the new time and labor management solution.

“It’s clear from the survey results, and from meeting people at the APA Congress, that time and labor management systems are top of mind for many organizations,” notes Dolan, “but the market has many complex solutions.”

Whether upgrading, replacing or just starting out with a time and labor management solution, meticulous system selection and implementation processes will ensure that companies achieve the planned business objectives.

International focus

Over 40% of survey respondents have operations outside the United States, and of those, 70% are preparing for a purchase or have already purchased or upgraded their Time & Attendance solutions in the last two years. “The trend towards globalization is reaching new and exciting levels as we are seeing more small to medium-sized businesses with employees outside of the U.S.,” says Joseph Schmitt, Global Practice Manager for Wise Consulting. “Time & Attendance is now on the list of software solutions that companies demand have a global focus yet local functionality.” Countries most represented by survey respondents included Canada, China, France, Germany, India, Mexico and the United Kingdom.

“As we spoke to APA attendees, we heard many stories of not being able to manage international employees. Dealing with the employment, cultural and legal impacts of having international operations consumes a lot of time from both HR and Payroll, but working without a system capable of assisting in these onerous areas makes it that much more difficult,” added Schmitt. “Affordable solutions capable of international Human Capital Management are in demand in addition to Time & Attendance.”

About Wise Consulting

Based in Maryland, Wise Consulting translates business vision into sensible human capital solutions by leveraging industry expertise and functional insight with genuine care, resulting in peace of mind for valued clients. More information about Wise Consulting can be found at www.wiseconsulting.com.

###