Potential KPIs for Time and Labor Cloud

May 05, 2021

 Manage and Monitor Payroll Processes; Payroll to Payment :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

# of Employees per Payroll Administrative

Time and Labor Cloud Number 302.00 (n = 6 )
FTE

Description

# of Employees per Payroll Administrative FTE is the number of employees supported by one payroll administrator in the organization on a FTE basis.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Monitor Time Entries; Approve Time :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

# of Hours Managers Spend on Time

Time and Labor Cloud Hours 48.00 (n = 1 )
Tracking per Workforce Member

Description

On a per workforce member basis, the number of hours managers spend on managing time tracking activities, such as reviewing labor totals, approving entered
figures, and monitoring overtime. This figure includes both employees and contingent labor.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Perform Time Calculation; Transfer Time to Various Consumers :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

Time and Labor Cloud # of Absence Days per Employee Days 8.00 (n = 23 )

Description

The number of absence days per employee metric reflects the how often an employee is absent from work due to sickness, stress, or mental health problems, as
well as scheduled vacations or paid-time off.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Perform Time Calculation; Transfer Time to Various Consumers :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

Overtime Payment Costs per 1,000

Time and Labor Cloud Currency 294,147.00 (n = 14 )
Employees

Description

Overtime Payment Costs per 1,000 Employees are the payments (adjusted for company size) made to employees for working beyond eight hours per day or 40
hours per week. Depending on country, labor union contracts, etc., those thresholds will vary.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Predict Worker and Team Performance; Workforce Modeling :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

Time and Labor Cloud Employee Engagement Level % 63.00 (n = 1 )

Description

Employee Engagement Level attempts to provide an indication of how committed employees to the vision/mission of the organization.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Regulatory Compliance :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

Time and Labor Cloud HR Compliance Costs per 1,000 Employees Currency 51.00 (n = 2 )

Description

HR Compliance Costs per 1,000 Employees refer to total regulatory, industry, and general compliance expenses incurred for HR purposes by the company (adjusted
for company size) over a given time period.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Time Collection to Payroll :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

Time and Labor Cloud # of Employees per HR Administrative FTE Number 15.80 (n = 1 )

Description

# of Employees per HR Administrative FTE is the number of employees supported by one HR administrator in the organization on a FTE basis.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Time Collection to Payroll :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

# of Employees per HR IT Decision Support

Time and Labor Cloud Number Not available
FTE

Description

# of Employees per Compensation Administrative FTE is the number of employees supported by one person with HR IT decision support responsibilities (includes
IT and business analyst staff) in the organization on a FTE basis.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Time Collection to Payroll :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

Time and Labor Cloud Payroll Error Rate % Not available

Description

Payroll Error Rate refers to the rate or the frequency at which payroll errors (e.g., overpayments, incorrect deductions/withholdings, etc.) are made.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Time Collection to Payroll :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

Total Workforce Costs per 1,000 Workforce

Time and Labor Cloud Currency 81,515,200.00 (n = 13 )
Members

Description

Total Workforce Costs per 1,000 Workforce Members refers to the amount of money (adjusted for company size) paid to all employees, including costs for
contingent labor.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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 Time Collection; Monitor Time Entries :
Selected KPIs

Product Metric Unit of Measure All Industries Median Benchmark *

# of Hours Workforce Members Spend on

Time and Labor Cloud Hours 51.40 (n = 2 )
Time Tracking per Workforce Member

Description

On a per workforce member basis, the number of hours spent by workforce members on time tracking activities, such as punching in the system, submitting
timecards, entering hourly information of the work done, and manually entering leaves. This figure includes both employees and contingent labor.

Note: * Benchmarks may not be available for all metrics and are subject to change. n = the number of companies in the calculation. Small sample sizes can limit the
usefulness of certain statistics.

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