Full time equivalent (FTE), also called time-equivalent employees, is a measurement of employee workload. FTE calculations consider the total hours worked by part-time employees and factor their impact on the overall workload. Typically, human resource departments use FTE for budgeting, benefits reporting, and tax withholding....

The objective of a Payroll System   The payroll system is an important part of any company’s administration. It deals with the payroll records and other information such as working hours, salary, benefits, deductions, etc. These details are necessary for companies to know how much tax they...

Using a Mobile App as a Time Clock: Revolutionizing Employee Time Tracking   ‍In an increasingly digital era, traditional punch clocks and paper timesheets are quickly becoming obsolete. Today, businesses are embracing the convenience and efficiency of mobile applications to track employee hours. This article dives into...

Labor cost reductions are a top priority for many organizations. Reducing labor costs is critical to attaining a competitive advantage and staying profitable. The average organization spends between 10-15% of its budget on payroll, and labor costs represent an enormous burden. The majority of labor...