Kronos Genies That Help Reduce Labor Cost
4 Powerful Kronos Time and Attendance Genies
Kronos time and attendance genies can be created to facilitate the process of reducing labor costs significantly, while also assisting with compliance on identifying company-specific policies and absence management. Here are 4 genies that can be created to assist:
1. Review of FTE to Hours Worked
The benefits of creating this genie involve immediate identification of an employee’s full-time status and a review of hours worked. It’s not uncommon for an employee—hired to work full time, with associated full-time benefits—to fail to work the minimum number of required hours that classifies them as a full-time employee. When this happens, managers may be forced to find a replacement to meet their staffing needs. By offering additional hours to other employees, the possibility of overtime hours increases. Or, managers may be forced to use contract labor at a higher hourly rate. Based on the specific needs of a company, creating this genie allows managers to easily identify employees who may be at risk of losing their full-time status at the close of each pay period.
2. Exception Reporting Genies
Implementing an exception genie provides significant cost saving results by identifying any scheduling event that differs from what is scheduled. With schedules in place, and exceptions assigned within the employee rules, exceptions will be generated. By identifying and managing exceptions such as early in/very early in, late out/very late out, canceled meal breaks, and unscheduled time, a manager significantly reduces the chances of overtime. This specifically implemented genie also identifies potential abuses of the system.
3. Hours Worked Including Benefit Hours Over 40
Typically, companies require employees who work in excess of 40 hours in a week (inclusive of benefit hours) have their benefit hours adjusted. Once a genie is created, a manager can immediately identify employees who require this adjustment.
4. Hours Worked
For managers tasked with budgets, limiting overtime is a priority. Implementing this genie provides an opportunity to review hours worked at any moment within the week to identify potential overtime issues. Managers should review this genie to help identify employees to release when the business demand is low and who to engage when demand is high. When this genie is implemented and utilized, managers are able to make solid decisions on staffing controlling overtime before it happens.