Every consultant knows this story: you’ve built the perfect project plan, the client has signed off, your vendors are lined up, and then someone somewhere hits “pause.” Maybe your client’s legal team is slow to approve the next phase. Maybe a vendor’s contract is sitting in procurement limbo. Or perhaps a healthcare partner needs an […]
Tracking billable hours with complete accuracy is a key accounting practice that is essential to your firm’s financial success. When time spent on client tasks isn’t reported as billable – even if it’s just a few minutes here and there – it can add up quickly and leave you wondering why your revenue is falling […]
When a company’s logistics operations aren’t handled efficiently, it can cause a domino effect of negative outcomes that eventually impact profitability – from improper staffing to shipping delays to dissatisfied customers. Approximately 98% of e-commerce consumers say that their loyalty to a company is impacted by their delivery experience, and most won’t return if they […]
According to a report by Market Research Future, the U.S. loses around 50 million hours in productivity each day due to unrecorded work activities. This becomes an even bigger problem when your business relies on billing clients. While it’s a good idea for all organizations to see how their team members’ time is being spent, […]
In this post, we’ll explore the benefits of using coAmplifi’s Timecard Management and Analytics feature and see how it can enhance workplace productivity. Accurate Time Tracking The Bureau of Labor Statistics reports that more than half of U.S. workers receive hourly wages. Timecards are essential for keeping track of work hours and tasks completed. Professional […]
Manual time-tracking with punch cards or handwritten time sheets/time cards is time-consuming and prone to errors. Time theft may occur through inaccurate or falsified reporting (e.g., buddy-punching is easier with manual time-tracking). The problem increases exponentially for a blended remote, hybrid, and on-site workforce. End-to-end time-tracking process can be automated with a reliable Workforce Management […]
According to McKinsey’s American Opportunity Survey, 58 percent of Americans now have a flexible schedule that allows them to work from home at least one day per week, while 35 percent have the option of working from home full-time. Remote and hybrid work presents unique challenges to management. Team communication can be difficult without face-to-face […]
Employers must understand the legal ramifications of classifying a position as hourly (non-exempt) or salary (exempt) because of associated wage & hour compliance requirements in California. Non-exempt and exempt jobs are defined by the federal Fair Labor Standards Act (FLSA) and may also be defined by applicable State laws. Definition of Hourly Wage (Non-Exempt) Hourly […]
Employees can figure out how they spend their time, but support from their employer is critical. Managers who prioritize the health and well-being of their teams should take steps to understand what work-life balance means for each team member and help them achieve it. Here are ten practices managers can use to help their teams […]
The U.S. Bureau of Labor Statistics reports that 73.3 million workers were paid an hourly wage in 2020, representing 55.5 percent of all workers. Of these hourly workers, about 1.1 million received pay at or below the federal minimum wage of $7.25 per hour, making up 1.5 percent of all hourly workers. Being paid a […]
Wage & Hour litigation can threaten the health of any business, so it’s critically important for companies to comply with current wage & hour regulations. The U.S. has a long history of laws that protect employee rights, especially those related to wage and hour. Unfortunately, adhering to Federal, State, and local regulations adds complexity to […]
Even before the COVID-19 pandemic, a growing number of companies were allowing team members to work from home. That trend gained additional momentum in 2020. A recent Gartner survey reports that over 80% of companies plan to allow part-time remote work after the pandemic, and 47% intend to allow full-time working from home. According to […]
Companies lose money every year to employee theft of equipment and supplies. Even more prevalent is the theft that occurs when employees are paid for the time that they haven’t worked. This form of stealing can be just as harmful to a business as the loss of physical assets. A study conducted by the American […]