The federal government recently announced new rules for how overtime pay should be distributed to employees who work more than 40 hours per week. This is bringing millions more salaried employees into the group of people who would be due time and a half when going over that limit. As a consequence, many companies are now enacting policies to track employee hours more closely and ensure they don't surpass that threshold.
Industry experts have been looking for ways to effectively address these issues on an ongoing basis for some time now, even before the government's rule change, which goes into effect starting next year. Now, many say that one of the best ways to do so is to is automating the timecard collection process, and relying on similar systems to help streamline work in general, according to a report from Fast Casual.
A closer look
ERP systems can effectively help companies not only better monitor when employees approach 40 hours in a week, or how often they surpass it, but they can also find areas of inefficiency that can make employees work smarter, not longer, the report said. This is vital in all industries, but may be especially critical when it comes to manufacturing firms, given the ways in which effectively tracking materials and items coming in and going out is likewise incredibly important.
Other benefits of ERP
In addition to more effectively tracking how things run on-site, those in charge of manufacturing operations can also benefit from implementing automated time collection and more aspects of ERP systems in other ways as well, according to CIO. In the past, many decision-makers have been required to pick up the phone or make a visit to a job site to get a good look at how things are going "on the ground." But with ERP visibility, they can access all that data more or less anywhere they can get an internet connection, including when they're on the go and even on vacation.
Further, these systems can also be set up so they notify workers and managers alike as to potential problems, even before they crop up, the report said. That can be true when it comes to the number of workers putting in more hours than expected, or when potential snags in the supply chain appear on the horizon.
In short, ERP software gives manufacturing companies a better overall view of how they operate on an ongoing basis, and which areas could stand to get a little extra attention so that they, too, can be improved. Consequently, while some may be concerned about the initial investment they may have to make in these systems – which include options for Dynamics NAV time collection, among other things – managers can rest assured this is something that ends up paying for itself more often than not.
Learn more about the benefits of automated time collection by downloading the free white paper entitled "Justifying the Switch to Automated Time Collection" from Insight Works.