IS TIME COSTING YOU PAYROLL DOLLARS?

1 © 2017 APTITUDE RESEARCH PARTNERS WWW.APTITUDERESEARCHPARTNERS.COM @TALKTOARP1 WWW.APTITUDERESEARCHPARTNERS.COM @TALKTOARP
Is Time Costing You
Payroll Dollars?
Why Timekeeping and Pay Belong Together

2 © 2017 APTITUDE RESEARCH PARTNERS WWW.APTITUDERESEARCHPARTNERS.COM @TALKTOARP
Your Speakers
Mollie Lombardi,
Co-founder/CEO,
Aptitude Research Partners
Toni Coon, CPP
Payroll and Compliance Expert
Kronos Incorporated

A Brief History of Payroll

It ain’t a job if you don’t get
paid.

Most Important Factors in Payroll Solution
Selection
Source: Aptitude Research Partners, HR Impact Survey. 2018.

Why Combine Time and Pay?
1. Better Data
2. Stronger Compliance
3. Saves Money
4. Better for Employees

Who is responsible
for data cleanliness in
your HR systems?

Cleaner, Faster Data
Most Desired Workforce Management Capabilities
• Schedule optimization capabilities (i.e., calculates the
most effective combination of shifts or day models)
• Real-time alerts when employees approach overtime or
go beyond desired hours
• Mobile access to workforce management tasks and
information for employees
• Shift-swapping capabilities

Closing the Gap

What Would Happen If…
Data turns an argument
into a business
conversation.
“
”

Compliance Belongs
in the Business

Most Critical Needs Shaping HR Technology
Investment
Source: Aptitude Research Partners, HR Impact Survey. 2018.

Most Pressing Compliance Concerns

Compliance Enabled with Technology
1. Consistency
2. Transparency
3. Compliance Culture

Most Valued Benefits

Time is Money

Improving Accuracy
Organizations utilizing a solution that
had both timekeeping and payroll
capabilities were 44% more likely to
have a payroll error rate of 2% or less.

Putting Payroll Data to Work
Organizations combining time and pay from the same
provider are:
• 54% more likely to have task tracking capabilities (i.e. time
spent on individual tasks within a shift);
• 44% more likely to utilize business intelligence or data
query tools to mine their payroll data;
• 38% more likely to use dashboards and reporting tools to
combine workforce and business data; and
• 37% more likely to use predictive analytics solutions to
help with forecasting workforce planning.

The Payroll
Experience

Consumers Driving Innovation
In 2016, a biannual study from the FDIC reported
Seven percent of households were unbanked, lacking any
account relationship at an insured institution. The survey
also showed that an additional one-in-five (or 19.9 percent)
households were underbanked, defined as households in
which a member had a bank account, but nevertheless
turned to alternative financial services providers during the
year to address one or more needs for transactional services
such as check cashing or credit (i.e. payday loans).

User Experience
User Experience (UX) refers to a person's emotions and attitudes
about using a particular product, system or service. It includes the
practical, experiential, affective, meaningful and valuable aspects of
human–computer interaction and product ownership. Additionally, it
includes a person’s perceptions of system aspects such as utility, ease
of use and efficiency. User experience may be considered subjective in
nature to the degree that it is about individual perception and
thought with respect to the system. User experience is dynamic as it is
constantly modified over time due to changing usage circumstances
and changes to individual systems as well as the wider usage context
in which they can be found.
practical, experiential, affective,
meaningful and valuable
perceptions of utility, ease of
use and efficiency
dynamic over time
Source: Wikipedia

Simplify
Personalize
Communicate

• Automation of processing and compliance are essential.
Finding a partner that can not only automate and integrate
payroll and timekeeping, but bring compliance expertise, will
yield positive results.
• Closing gaps reduces errors. The fewer stops along the way
between an employee entering time data and the calculation
engine for payroll, the fewer points there are for mistakes to
happen.
• Combining time and pay is a positive from a business
perspective by offering efficiency and effectiveness. But it also
allows the organization to deliver a better employee experience.
Key Takeaways

Technology
Alone is Not
Enough

Questions?

THANK YOU
Mollie Lombardi
Co-Founder, CEO
mollie@aptituderp.com
617-290-6598

IS TIME COSTING YOU PAYROLL DOLLARS?

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