SOURCE: iEmployee

July 07, 2005 10:00 ET

iEmployee's Innovative Solution for Tracking Paid Time Off

SEEKONK, MA -- (MARKET WIRE) -- July 7, 2005 -- iEmployee stands out in the workforce management industry by providing a unique solution to accurately track paid time off. The iEmployee Time Off solution ensures that your company has a full and accurate record of each employee's time off balances that is easy to access and use.

Paid time off, PTO, is an essential but often overlooked component of operational costs. The accurate management of PTO can not only improve operational costs, but reduce a company's overall liability. According to an AppMail report, not having checks and balances in place for PTO can result in a cost of 3% to 15% of a company's total operating costs. Additionally, AppMail estimates that PTO mismanagement translates into approximately $330,000 annually for a 1,000 employees or $330 per employee per year on average. Beyond just monetary costs, PTO abuse can also result into productivity loss and low employee moral.

With iEmployee's Time Off solution, you will reduce and even eliminate all costs associated with inaccurate PTO tracking. The solution is easily accessed by all employees and both the submittal and approval process is simple; the entire process can be completed within minutes! Not only does the solution help the company's bottom line, employees will be empowered with their information. Each employee will have access to real-time PTO information anytime, anywhere.

Lisa Sinyard is the Manager of HRIS at WorldTravel BTI, one of the top three corporate travel management firms in the U.S. Sinyard says, "Time off is now tracked accurately for each employee, and managers can easily follow the appropriate procedures for time off and reimbursement. With the time in/time out reports, managers get a complete departmental snapshot in one view vs. looking at each employee's status individually, which greatly improves efficiency."

About iEmployee

iEmployee is a leading provider of on-demand workforce management solutions, enabling companies to eliminate paperwork and dramatically reduce employee administration time from hours to minutes. iEmployee's full suite of web-hosted Time & Attendance, HR/Benefit, Pay Stubs/W2 and Self-Service applications offer cost-effective solutions, requiring no IT investment or overhead. Endorsed by leading payroll providers, iEmployee is the solution of choice for over 1600 companies. To learn more, please contact iEmployee, Seekonk, MA 02771; tel. 800.884.6508 or 508.336.4441;

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