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How Much Should A Time Tracking Solution Cost?
Tracking and managing employee hours can be very tedious and time-consuming when handled manually. And if your current solution is not integrated or unified with your payroll processing, there is still the potential for time wasted on duplicate data entry and correcting errors. But what is the true cost to automate your time and labor management?
We previously discussed how much core HR and payroll solutions should cost while offering some valuable information and resources to help in your research process. Today we are talking about how much a time tracking solution should cost and what you should expect.
What a Time Tracking Solution Should Offer
Time tracking solutions should make it easier to track and manage your time and labor to have a more accurate representation of hours worked and labor costs. Look for the following features and benefits in a time tracking solution:
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How Time Tracking Solution Vendors Determine Price
The pricing structure of time tracking solutions can be based on several factors, including:
What to Look For:
Determine Your Needs
It’s important to determine what your current business needs are as this will determine what you’ll pay for a time and attendance system. Today’s solutions aren’t just about employees clocking their hours worked, and it’s important to understand the capabilities in relation to cost:
What to Look For:
Ready to Pull the Trigger on a Time Tracking Solution?
When it comes to making a decision to purchase software, knowledge is power. Arm yourself with resources like a buyer’s guide to really focus in on what your company truly needs. Vendor review sites like G2 Crowd, TrustRadius, Software Advice, and Capterra allow you to get a sense of what different time tracking providers can offer based on their current customers. Finally, make sure you demo different platforms so you can choose the right solution to solve any challenges your business is facing.
The True Cost of Outsourcing
It can be overwhelming to outsource your time tracking or switch to a new provider with so many options available. The best way to approach this decision is to find a solution that can best solve your challenges and pain points. Making the decision to outsource your payroll or change providers is a weighted one. Today’s business landscape makes it very challenging to manage time and attendance manually, and doing so makes your company vulnerable to compliance issues and errors. The true cost of outsourcing your time tracking processes and tasks can potentially outweigh the cons:
Overall, outsourcing and automating your time tracking (especially with your payroll processing) means more accurate data, less manual processes and paperwork, and a more engaged workforce.
How APS can help
APS helps organizations of all sizes and industries with their payroll processing and tax compliance needs. With a unified platform and a team of tax compliance experts in your corner, we can help make payroll and tax errors a thing of the past.
Looking to make a mid-year switch to a new payroll provider? It’s easier than you think and APS can help you along every step of the way to ensure a successful transition. For the past four years, we have ranked as a High Performer, Best Customer Support, Ease of Use, Functionality, and Product Quality by G2 Crowd. We have also been ranked the #1 software company in Louisiana, a testament to the confidence our clients have in our work.
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