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Megan’s Maxims – Controlling Costs

June 8, 2017

The latest in Megan’s Maxims, A Working Smarter Café Mini Series. Missed the previous post? Not to worry – click here.

Stack_of_coins_0214I finally sat down to count my change last weekend and was absolutely delighted to find out just how much I had saved in my various collection spots. I thought, “this must be what it feels like to realize cost savings through Kronos” – relatively speaking.

Today, we have a few tips on how to protect your organization from unnecessary costs. Simple practices like building schedules in Kronos, utilizing Genies, and evaluating your punch rounding scheme can save you both time and money on a remarkable scale.

For example, how might you control incremental overtime? Small tweaks to your solution can help ensure you’re set up to be cost effective.

  • Adjust your punch rounding practice/policy. We can offer options to validate what rounding scheme makes the most sense for your organization.
  • Build schedules in Kronos! Schedules are so important to help regulate overtime. Building them in Kronos allows you to work in tandem with timecard exceptions to efficiently monitor employees’ time.
  • WFC-datacollection-3.pngBuild projected overtime Genies. Starting in Workforce Central 7, overtime Genies can examine hours worked with scheduled shifts and calculate overtime for eligible employees to help minimize high labor costs.

It never hurts to be proactive about minimizing potential risks – especially when you can cut costs in the process. And Kronos makes it easy. After all, it’s designed to track your workforce, your most controllable expense!

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