Proven Time and Attendance Solution for One Low, Fixed Monthly Fee
Is payroll your largest expense? For service organizations, payroll is typically 50–70 percent of total costs. When automation and improved accuracy reduce this cost by even a small percentage, there is a significant positive financial impact. Good financial practices identify cost items in descending order for review during a recession. For service organizations, payroll-related costs should be at the top of the agenda.
Advanced workforce management is a low-risk, low-cost way to reduce payroll costs and improve productivity. However, not all organizations are convinced that time and attendance or scheduling is for them, or that their organization will achieve the anticipated benefits. Some organizations whose plans may change in the future, prefer a month-to-month fixed payment plan
MITC Full-Service Rental allows organizations to deploy MITC in a customer-hosted or Cloud environment with only a month-to-month commitment while still receiving the professional transition services that maximize the possibility of success. With MITC, your organization can:
- Eliminate the costs and risks of paper timesheets
- Reduce payroll related costs by 1-3%
- Verify attendance
- Generate no-show alerts
- Track variances
- Eliminate payroll and billing data entry
In 2011, an organization with 1,500 employees started a full-service rental with MITC instead of a purchase as some executives were unsure of the benefits. At the end of 2013, after seeing the payroll savings and productivity gains for themselves, the organization converted to a traditional customer-hosted purchased option.