ROSELAND, NJ -- (Marketwired) -- 12/01/15 -- ADP (NASDAQ: ADP)
ADP® today announced the launch of ADP® Time & Attendance, a new time and attendance management solution designed to help small businesses simplify wage and hour law compliance, help control overtime, help reduce labor costs, and increase payroll accuracy and efficiency. ADP Time & Attendance, an upgrade to ADP's existing time and attendance solution, comes to the market at a crucial time for small businesses as they struggle to comply with the federal, state, and local wage and hour laws that apply to them.
In a recent survey of small businesses by ADP, twenty percent expressed concern over wage and hour laws. Failure to properly pay overtime or misclassifying employees as exempt from overtime are two of the most frequently cited wage and hour violations, and the penalties associated with each violation can be costly. In addition, the Department of Labor recently proposed changes to overtime regulations that could result in significant changes to the Fair Labor Standards Act, making complance with the law even more complicated.
"As wage and hour laws grow more complex, it becomes challenging for small business owners to properly manage their employees, stay in compliance, and keep their businesses running smoothly. And that's when costly mistakes can occur," said John Ayala, president of ADP's Small Business Services division. "Unfortunately, many businesses try to handle it on their own, but complexity often catches up with them. A time and attendance system can help reduce the risk of costly fines."
One small organization that already is seeing the benefits is the Chesterfield Chamber of Commerce in Missouri.
"We used to track our time manually with paper time sheets, a process that was very time consuming," said Nora Amato, Executive Director of the Chesterfield Chamber of Commerce. "Now, having used ADP Time & Attendance during its pilot phase, I've found that our process is far more efficient. Not only does it allow for our employees to enter their time directly, but it also helps minimize user error and reduce administrative time."
ADP Time and Attendance helps small businesses:
Click here for more information about ADP Time & Attendance.
About ADP (NASDAQ: ADP)
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Source: ADP, LLC
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