Manual mistake: New survey proves the need for automated time & attendance
A new survey by workforce management solutions specialist CyberShift and the American Payroll Association (APA) on employee time-entry management finds continued usage of relatively antiquated methods of recording time—e.g., manually recording employee hours on paper-based forms or Excel spreadsheets—a practice that results in plenty of errors.<br/>
A new survey by workforce management solutions specialist CyberShift and the American Payroll Association (APA) on employee time-entry management finds continued usage of relatively antiquated methods of recording time—e.g., manually recording employee hours on paper-based forms or Excel spreadsheets—a practice that results in plenty of errors.
Nearly 20 percent of those surveyed say they’ve experienced errors in a typical payroll cycle.
“These responses highlight the importance of up-to-date workforce management practices and systems to improve business processes and productivity for American businesses,” says APA Executive Director Dan Maddux.
According to APA, through the payroll withholding system, wage earners and payroll professionals contribute, collect, report, and deposit approximately $1.7 trillion—or 64.2 percent—of the annual revenue of the U.S. Treasury.
Says CyberShift CEO Robert Farina, “These results validate that many companies have an opportunity to better manage their time and attendance processes by adopting automated workforce software, eliminating human errors, and increasing staff productivity.
More than 1,500 payroll professionals from companies ranging in size from less than 500 employees to more than 10,000 employees completed the APA-CyberShift online survey which ran from June 3, 2008 through June 17, 2008. Administered by the APA, a diverse mix of payroll and financial professionals such as treasurers, controllers, vice presidents, directors and managers provided responses.
The APA conducts regular surveys focused on industry trends, products, and processes that gauge the opinions and concerns of payroll professionals. Response to the June 2008 APA-CyberShift survey was one of the highest in two years, according to the APA.
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey