Ceridian

Ceridian

January 07, 2015 09:00 ET

PSK Supermarkets Achieves Substantial Return on Investment Using Dayforce Human Capital Management to Efficiently & Productively Manage Its Workforce

Dayforce HCM Allows Grocery Retailer to Reign in Labor Costs While Streamlining & Automating Processes for Scheduling, Time, Absence & Leave Management

MINNEAPOLIS, MINNESOTA--(Marketwired - Jan. 7, 2015) - Ceridian announces the results of a business impact study conducted by Nucleus Research: ROI Case Study - Ceridian Dayforce HCM: Grocery Retailer PSK Supermarkets. Nucleus Research examined and evaluated the time and attendance and payroll processes of PSK Supermarkets to better understand the benefits, costs and risk mitigation associated with Dayforce Human Capital Management. PSK Supermarkets has been using the Dayforce HCM solution for three years.

Financial analysis indicates that the company was able to achieve the following, as a result of deploying Dayforce HCM:

  • 1688% ROI*
  • A payback period of just 1.2 months
  • An average 50 basis point impact on margin

Other key findings of the study are:

  • Decreased payroll cost and increased payroll processing productivity. Dayforce HCM enabled PSK Supermarket managers and accountants to see errors prior to processing payroll data, eliminating the risk of data errors resulting in higher payroll costs. Allowing for errors to be addressed as soon as they arise helps increase the speed of payroll processing.
  • Reduced excess leave and clock rounding costs. Dayforce HCM enabled PSK Supermarkets to record employee time stamps to the minute reducing the need to implement rounding rules for precise payroll calculations. This reduced payroll costs by closing time gaps either before employees clocked in or after employees clocked out.
  • Increased accountant and manager productivity. Dayforce HCM provides increased visibility into data as it is generated, reducing the amount of time accountants spend scrutinizing time and attendance information for payroll. Meanwhile, managers can produce schedules and account for absence and leave requests on site. The system's scheduling analytics also reduces the amount of scheduling errors.

"Top ROI benefits from using Dayforce HCM have been through Labor Cost Now which enables our managers to control labor costs in real time along with a combined reduction in payroll error rates and excess leave and clock rounding costs," says Noah Katz, co-president of PSK Supermarkets, Foodtown. "If we see that an employee punched in time other than what they were scheduled for, we deal with it immediately as opposed to in the past when it could cost the company more in payroll to manage it than to resolve it."

"Organizations often face challenges when dealing with antiquated applications for payroll and time and attendance in the wake of complex pay rules, razor thin margins and compliance concerns," says Jayson Saba, vice president of industry and analyst relations, Ceridian. "The Nucleus Research report validates our thinking - that a single application for these processes based in the cloud empowers managers with the visibility and the means to control their operational costs, helping them realize significant productivity gains while freeing up time to focus on building positive relationships."

Dayforce HCM is a cloud-based application for Payroll, Benefits, Workforce Management, Human Resources, Talent Management, Document Management and Analytics. As a single application for HCM, Dayforce provides organizations with unprecedented access to real-time data and results across all domains of HCM. With one employee record, one user experience and no interfaces, organizations can find and hire the right people, process pay, manage benefits enrollment, maintain HR records, and schedule staff with work-life balance while monitoring compliance.

For more information, read the complete commissioned study conducted by Nucleus Research: ROI Case Study - Ceridian Dayforce HCM: Grocery Retailer PSK Supermarkets.

* To calculate ROI, Nucleus quantified the initial and ongoing costs of software subscription fees, personnel time to implement and support the application, employee training time, and consulting over a 3-year period to calculate PSK Supermarkets' total investment in Ceridian Dayforce HCM.

About PSK Supermarkets

PSK Supermarkets operates 11 grocery stores under the Foodtown and Freshtown banners in communities within the greater New York area. PSK Supermarkets was founded in 1956 by Paul Katz and is managed by the third generation of the Katz family. The company currently employs approximately 850 people who are credited with the business' ongoing success and high level of customer service. Both Foodtown and Freshtown's mission is to be the best grocery retailer in their respective marketplaces by delivering the freshest quality products, providing the friendliest service and rewarding its customers. Foodtown stores offer customers a number of benefits including online shopping with local store pickup, a free club card for access to discounts, weekly circulars for updates on promotions and offers and an interactive website for managing personal effects such as shopping lists, recipes and related emails. For more information visit: www.foodtown.com.

About Ceridian

Ceridian is a leader in human capital management with more than 100,000 clients across the globe. Ceridian delivers trusted results and transformative technology. Our offering includes the award winning, cloud-based Dayforce HCM, LifeWorks, Small Business and International Solutions. Ceridian is transforming the world of work. For more information about Ceridian solutions call 1-800-729-7655 or visit www.ceridian.com.

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