New Study Demonstrates Benefits of Automating Time-Off Requests With Paycom
Paycom Software (NYSE: PAYC) released a Forrester Consulting study highlighting the benefits of their Time-Off Requests featuring GONE® automation tool. The study projects an 821% ROI over three years for a composite organization using the system. Key benefits include saving managers nearly one workweek annually, HR staff almost five workweeks, and up to six workweeks of avoided overtime through improved staffing. The automated system manages employee time-off requests through configurable rules, reducing bias and expediting decisions while ensuring compliance with company policies.
Paycom Software (NYSE: PAYC) ha rilasciato uno studio di Forrester Consulting che evidenzia i vantaggi delle richieste di congedo che utilizzano lo strumento di automazione GONE®. Lo studio prevede un ROI dell'821% in tre anni per un'organizzazione composita che utilizza il sistema. I principali vantaggi includono il risparmio per i manager di quasi una settimana lavorativa all'anno, per il personale HR di quasi cinque settimane lavorative e fino a sei settimane lavorative di straordinario evitate grazie a un miglioramento del personale. Il sistema automatizzato gestisce le richieste di congedo dei dipendenti tramite regole configurabili, riducendo il pregiudizio e accelerando le decisioni, garantendo al contempo la conformità alle politiche aziendali.
Paycom Software (NYSE: PAYC) publicó un estudio de Forrester Consulting que destaca los beneficios de sus Solicitudes de Tiempo Libre que utilizan la herramienta de automatización GONE®. El estudio proyecta un ROI del 821% en tres años para una organización compuesta que utiliza el sistema. Los beneficios clave incluyen el ahorro de casi una semana de trabajo al año para los gerentes, casi cinco semanas de trabajo para el personal de HR, y hasta seis semanas de horas extras evitadas gracias a una mejor gestión del personal. El sistema automatizado gestiona las solicitudes de tiempo libre de los empleados a través de reglas configurables, reduciendo sesgos y acelerando decisiones, al tiempo que garantiza el cumplimiento de las políticas de la empresa.
Paycom Software (NYSE: PAYC)는 GONE® 자동화 도구를 사용한 휴가 요청의 이점을 강조하는 Forrester Consulting 연구를 발표했습니다. 이 연구는 시스템을 사용하는 복합 조직에 대해 3년 동안 821%의 ROI를 예측합니다. 주요 이점으로는 관리자가 연간 거의 한 주일의 시간을 절약하고, HR 직원이 거의 다섯 주일, 그리고 인력을 개선하여 6주일의 초과 근무를 피할 수 있는 것입니다. 자동화된 시스템은 구성 가능한 규칙을 통해 직원의 휴가 요청을 관리하며, 편향을 줄이고 결정을 신속하게 내리도록 하면서 회사 정책을 준수하도록 보장합니다.
Paycom Software (NYSE: PAYC) a publié une étude de Forrester Consulting soulignant les avantages de leurs demandes de congé utilisant l'outil d'automatisation GONE®. L'étude prévoit un ROI de 821% sur trois ans pour une organisation composite utilisant le système. Les principaux avantages comprennent l'économie pour les managers d'environ une semaine de travail par an, pour le personnel RH d'environ cinq semaines de travail et jusqu'à six semaines de travail évitées grâce à une meilleure gestion du personnel. Le système automatisé gère les demandes de congé des employés grâce à des règles configurables, réduisant les biais et accélérant les décisions tout en garantissant la conformité aux politiques de l'entreprise.
Paycom Software (NYSE: PAYC) veröffentlichte eine Studie von Forrester Consulting, die die Vorteile von deren Urlaubsanfragen mit dem Automatisierungstool GONE® hervorhebt. Die Studie prognostiziert eine 821%ige Kapitalrendite über drei Jahre für eine zusammengesetzte Organisation, die das System nutzt. Zu den wichtigsten Vorteilen gehört die Einsparung für Manager von fast einer Arbeitswoche jährlich, für HR-Mitarbeiter von fast fünf Arbeitswochen und bis zu sechs Arbeitswochen an vermiedenem Überstunden durch verbesserte Personalplanung. Das automatisierte System verwaltet die Urlaubsanfragen von Mitarbeitern durch konfigurierbare Regeln, reduziert Vorurteile und beschleunigt Entscheidungen, während es die Einhaltung der Unternehmensrichtlinien sicherstellt.
- Projected 821% ROI over three years for client organizations
- Significant time savings: 1 workweek for managers, 5 workweeks for HR staff annually
- Up to 6 workweeks of avoided overtime costs through better staffing
- Automation of time-off management reduces labor costs from overpayments and scheduling errors
- None.
Insights
The Forrester study revealing an
The solution's impact on overtime hours is particularly noteworthy, with up to six workweeks of avoided overtime annually representing direct bottom-line savings. For enterprise clients, this efficiency gain could translate to millions in reduced labor costs. While the study uses a composite organization, the high ROI figure and operational benefits suggest strong potential for PAYC's revenue growth and market penetration in the HCM space.
GONE's automation of time-off management represents a significant advancement in HR technology optimization. The system's ability to integrate with existing Paycom tools through a single database creates a compelling competitive advantage in the HCM market. The configurable rules engine and bias reduction features address critical pain points in workforce management, while the instant decision-making capability transforms a traditionally manual, time-consuming process.
The elimination of 15-minute manual reviews per request and the automation of policy enforcement demonstrate clear operational value. This technology positions Paycom strongly against competitors in the HR automation space, particularly as organizations increasingly prioritize efficiency and employee experience in their digital transformation initiatives.
Paycom’s Time-Off Requests featuring GONE manages employee time-off requests through automated decision-making with configurable rules. The tool expedites time-off decision periods, frees managers from time-consuming reviews, and uses company policies and coverage needs to reduce bias. Using GONE for a three-year period, the projected, quantifiable benefits for the composite company from the commissioned study included:
- individual manager time savings of nearly one workweek* of unproductive hours annually
- HR, finance and administrative staff time savings of nearly five workweeks’ time annually
- up to six workweeks of avoided overtime hours annually from more consistent staffing
“Without GONE,
For its research, Forrester conducted interviews with Paycom clients using GONE. The interviewees expressed additional workplace benefits from using the software, including:
- improved employee experience with quicker response times and fairer decisions
- configurable time-off decisioning rules to fit current business requirements or needs
- removed burden on managers to scrutinize and uphold company time-off policies
- connectivity with other Paycom tools through its single database, eliminating redundant tasks and allowing for performance and other criteria to be included in decisioning
During an interview, a director of human resources in the retail industry said GONE eliminated the significant distraction and manual considerations associated with their organization’s traditional approval process, which previously took up to 15 minutes per review. “With GONE, I know that all PTO requests are going to be handled instantly and fairly, without considering which individual is requesting it,” they said.
Paycom commissioned the Forrester TEI study, New Technology: The Projected Total Economic Impact™ Of Paycom’s Time-Off Requests Featuring GONE®, in fall 2024 to examine the potential financial impact of Paycom’s Time-Off Requests featuring GONE on organizations. More information on the TEI study can be found here.
*Refers to a traditional 40-hour workweek.
About Paycom
For 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. And thanks to its industry-first solution, Beti®, employees now do their own payroll and are guided to find and fix costly errors before payroll submission. From onboarding and benefits enrollment to talent management and more, Paycom’s software streamlines processes, drives efficiencies and gives employees power over their own HR information, all in a single app. Recognized nationally for its technology and workplace culture, Paycom can now serve businesses of all sizes in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031915219/en/
Larisha Hunter
media@paycom.com
Source: Paycom Software, Inc.
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