Understanding Timecard Automation

Entering time for employees each pay period can be time-consuming. In addition to recording time for regular hours, most companies need to calculate overtime based on federal, state, or labor union requirements, and overtime calculations can be simple or complex. For example, some organizations need to calculate overtime differently for certain groups of employees.

In addition to entering time for regular and overtime hours, you might need to calculate additional types of pay, such as time for company holidays, bonuses, or retroactive payments for salary adjustments. Using the Timecard Automation module, you can enter the calculation information for each type of payment once, after which the system automatically applies the calculation rules to each selected employee. Automating these processes can save time and reduce the likelihood of calculation or data-entry errors.

The Timecard Automation module consists of these components:

• Timecard Templates

• Retroactive Pay Rules

• Overtime Rule Sets

• Employee Groups