How manufacturers can save more $$$ with Paismo HR Insights

Paismo's Insight Dashboard is a powerful tool that can assist businesses of all sizes save money on HR inefficiencies. By delivering insights into employee attendance, turnover, payroll, and other essential HR metrics, the Paismo HR Insights Dashboard can help businesses identify and address areas where they can enhance efficiency and lower costs.

Here are just a few ways that businesses can save $$$/month with the Paismo HR Insight Dashboard:

1. Reduce overtime costs:

Overtime costs can be a significant expense for businesses. The Paismo HR Insights Dashboard can help businesses reduce overtime costs by providing insights into employee work hours, productivity, and trends. For example, businesses can use the dashboard to:

• See which departments or teams are spending the most time.
• Track total hours by project or department.
• Compare hours logged.

Once businesses have identified the areas where hours logged are highest, they can take steps to reduce them. For example, businesses can:

• Redistribute work more evenly across employees or teams.
• Hire additional staff to reduce the workload on existing employees.
• Offer employees flexible work arrangements to reduce the need for overtime.

2. Improve employee attendance and reduce turnover:

Employee attendance and turnover can also have a significant impact on costs. Paismo HR Insights Dashboard can help businesses improve employee attendance and reduce turnover by providing insights into employee engagement, satisfaction, and trends. For example, businesses can use the dashboard to:

• Track employee attendance.
• Track employee turnover rates by department or team.
• Compare turnover rates over time.

Once businesses have identified the areas where employee attendance and turnover are lowest, they can take steps to improve them. For example, businesses can:

• Implement employee engagement programs.
• Offer competitive salaries and benefits.
• Provide employees with opportunities for growth and development.
• Create a positive work environment.

3. Optimize workforce planning:

Workforce planning is the process of aligning your workforce with your business goals. Paismo's Insights Dashboard can help businesses optimize their workforce planning by providing insights into their current workforce, future needs, and trends. For example, businesses can use the dashboard to:

• See their current headcount by department or team
• Track employee turnover rates by department or team

Once businesses have a good understanding of their current workforce and future needs, they can make informed decisions about hiring, training, and development. This can help businesses avoid overstaffing and understaffing, both of which can lead to increased costs.

4. Reduce errors in payroll processing:

Payroll processing errors can be costly and time-consuming to correct. Paismo's Insights Dashboard can help businesses reduce errors in payroll processing by giving insight into automated tasks involved in the process.

How much money can businesses save with Paismo's Insights Dashboard?

The amount of money that businesses can save with the Paismo's Insights Dashboard depends on several factors, such as the size of the business, the industry, and the current HR processes. However, studies have shown that businesses can save an average of 10-20% on HR costs by using HR and payroll software like Paismo.

Conclusion:

Paismo's Insights Dashboard is a powerful tool that can help businesses of all sizes save money on HR costs. By providing insights into employee attendance, turnover, payroll, and other key HR metrics, Paismo's Insights Dashboard can help businesses identify and address areas where they can improve efficiency and reduce costs.

Additional tips for saving money with Paismo's Insights Dashboard:

1. Set goals for improvement. Once you've identified areas where you can save money, set specific goals for improvement. This will help you stay on track and measure your progress over time.
2. Identify areas where you can automate tasks. Paismo's Insights Dashboard can help you automate many of the tasks involved in HR management, such as payroll processing, and time tracking. This can free up your HR staff to focus on more strategic initiatives.
3. Use the dashboard to make informed decisions about hiring and training. Paismo's Insights Dashboard can help you identify the skills and experience that are most important for your business. This can help you make more informed decisions about hiring and training, i.e. on employee turnover, etc. which can save you money in the long run.
4. Use the dashboard to improve employee engagement. Paismo's Insights Dashboard can help you identify areas where you are losing talent. This can help you implement programs and initiatives to improve employee engagement and reduce turnover, which can save you money on recruiting and training costs.

By following these tips, you can use Paismo's Insights Dashboard to save money on HR costs and improve the efficiency of your HR department.