The control of rising labor costs, often reaching 45% of operating budgets, is a challenge that can only be met with a comprehensive workforce time management system. WTM plays a significant part in meeting this challenge, furnishing consistent and accurate gross-pay calculations, based upon rules applied through timeout the enterprise.
Its control and automated attendance applications support both hourly and salary employees and any number of employee profiles and various attendance and pay rules. Control attendance is an exception based system eliminating redundant handling of employee time. WTM’s optimized timed timekeeping system performs shift time-line balance, gross-pay calculations and cost allocation records for payroll and cost accounting update. Its labor scheduling applications supports shift scheduling, entitlement time-off scheduling, absent scheduling and schedule rotation in multiple cycles. The activity-based cost allocation application provided by WTM is a key component of the WTM system allowing the allocation of labor time and cost to a variety of activities-based cost accounts that will reference work performed in the employee shift time-line. Pay hours are reconciled with work hours to provide detailed cost accounting records for analysis and management reporting.
