in this issue
message from the CTO
Welcome to the second issue of By the Numbers 2005. We have had some exciting developments in the past few months as we continue to keep a strong competitive advantage in the time and labor management industry.
The Interactive Voice Response telephony system for NETtime was released in March. This IVR system enables employees to clock in or check their work hours remotely from a telephone. This system uses a state-of-the-art text to speech recognition engine that converts typed text into an automated voice that employees will hear when they call in.
We have released a PDA module for our GENESIS client-server application that makes a PDA act as a time clock.
Our benefit module in NETtime has been updated to allow incredible flexibility and the ability to handle sophisticated benefit rules and scenarios.
Lastly, after two years of research and development, we are proud to announce that we have begun the pilot testing of our new TA7000 series time clock. With its impressive list of technical features, such as a Power PC processor, Ethernet standard, option to upgrade to 4GB memory, Power over Ethernet, and 8 inch LCD touch screen option, we believe this clock is generations ahead of its time.
Through these technological innovations we will continue to deliver superior customer benefits in software, hardware and support.
Chief Technology Officer
Time Spot, Inc.
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featured case study
Guardian Angel Homes Gains Real-time Control of Time and Attendance with Web-based Labor Management.
Guardian Angel Homes is an assisted living community that provides a wide range of care to full-time residents in Washington and Idaho. Care levels range from minimal assistance to specialized care for Alzheimer's and other dementia residents. The company’s business model demands significantly higher labor costs than other companies in its industry. However, these labor expenditures enable Guardian Angel Homes to deliver superior services – a successful strategy for outshining the competition.
With four campuses each consisting of at least four separate homes, the company’s labor costs run approximately 20-30% higher than most assisted living homes. At 50% of the company’s total cost, labor represents its largest and only variable cost. Guardian Angel Homes realized the need to replace its outdated workforce tracking methods with an automated solution that would enable better monitoring and analysis of labor costs.
In early 2004, Guardian Angel Homes began its search for an automated labor management system that would produce real-time data. Because high labor costs were a key element in the company’s success, Guardian Angel Homes didn’t aspire to drastically reduce costs or overhaul its staffing practices. It primarily wanted insight into how labor dollars were being spent, so that it could correct problems in a timely fashion. Read the full case study
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DOL Confirms Instances When Less-than-a-day Deductions Are Allowed.
From Payroll Network, Inc.:
The U.S. Department of Labor has issued Opinion Letters clarifying when an employer can make “less than a day” deductions from an exempt employee’s salary without jeopardizing the employee’s exempt status. Until recently the DOL’s rule has been to treat an exempt employee like a non-exempt employee by making hourly deductions and the exempt status is lost. Read more
What do you think about this article? We want to hear from you! .
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Time and Attendance Summit
Look for us at this Las Vegas event. Monday, August 29th at 1:00 pm, we will present a customer case study. ARAMARK Corporation will discuss its process in selecting Time Spot and the benefits of doing so, including their ROI. On Tuesday, August 30th at 1:00 pm, we will provide a functional product demonstration of NETtime - our 100% web-based time and labor management solution.
NAPEO 27th Annual Conference
Come visit us in booth #613 at the Dallas Convention Center, September 12th-14th.
Government Technology East Conference
We will be exhibiting at this show September 21st-22nd in Albany, NY. We look forward to your visit at booth #80.
Attend a Webinar
Expand your knowledge base by attending a WebEx event hosted by Time Spot. Choose from various topics including our upcoming event: "Benefits of Web-based Time and Labor Management". Sign up to attend a webinar today.
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Time Spot, Inc. is a leader in web-based, client-server and desktop time and labor management solutions. The company's family of software and data collection products automates employee time and attendance tracking, the management of labor resources and payroll processing. The Deloitte Technology Fast 500 has named Time Spot one of the top fastest growing technology companies in North America for the last two years.
Contact Time Spot for more information:
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