The award interpreter automatically calculates employee payroll hours
Payroll hours are checked by the payroll officer and exported to the Payroll Software
The Time Collection and Interpretation Process Process
This is the term for a program generally designed to collect employee start and finish
times from a punch clock or electronic time sheet and process those time according
to the award or business rules set up in the internal award interpreter. The software
will then provide an export file suitable for importing into your chosen payroll
Time Clock Systems can be a very complex process and often newcomers find the transition
from manual paper systems to electronic systems quite daunting. In a manual system
the employee generally fills in a time sheet with the nominal start and finish time.
By comparison an electronic time clock will record the exact time of the employee
clock in and clock out down to the second. This means that the time and attendance
software has to make a decision on how to treat a clocking that may be before or
after the allocated start or finish time. This is just one area where the payroll
rules have to be translated from the knowledge possessed by your payroll department
and translated into business of award rules which the Software can evaluate.
While the process of translating these rules can be time consuming this will translate
into some significant benefits for your business. Aside from the clear benefits provided
by capturing more accurate employee attendance times you will also gain a very significant
reduction in the time it takes to process a payroll and the labour required to do
so. Additionally, some estimates suggest that you may save up to 3 percent of your
annual wages and salaries costs by dramatically reducing time theft and accidental
overpayments to employee due to calculation errors. Lets take a closer look at the
potential savings. For a 50 employee site...
Even if you only saved on quarter of this amount this would still equate to approximately the cost of the entire time and attendance system giving you a return on investment in the first year. The savings are of course ongoing. All you need to do is select the right product and the right provider... And this is where we can help.
If your business employs more than 30 staff it is likely that you will benefit from
implementing Employee Management Software. Given that award interpretation software
is so important in achieving a benefit from the system it makes sense to take particular
care when selecting your product.
The Time Attendance Consultant’s Advanced Guide is an excellent starting place companies
considering implementing a time and attendance system. The guide covers all aspects
of hardware and software selection, supplier evaluation, implementation, testing
and project review. Each stage in the process is explained in detail giving you the
best chance to get the most out of your prospective supplier and the best chance
for a successful and trouble free implementation.