Labor Collection / Costing 

A critical element in labor systems is the ability to gather direct and indirect labor cost data in an efficient and real-time manner. This data must originate from the factory floor and AutoTime represents the key enabler in this very important step with its costing feature. Structured with a strong time and attendance foundation, AutoTime collects labor from the hourly employee and processes this data through user-defined calculation sets. The relationships between the transactions and the calculations allow AutoTime to create inventory, payroll, and financial data from the employee time entries. AutoTime can handle a broad range of requirements, from simple payroll transactions to the very complex demands of incentive based payroll within Discrete/Process manufacturing environment. 

Labor Tracking Features 

• Real time validation of labor events supports charge filtration
• Tracks direct and indirect labor charges
• Direct labor can be charged to a wide range of cost drivers
• Indirect labor can be charged to account numbers or cost centers
• Customer-defined charge details can capture operation steps, activities, tasks, etc.
• Tracks simultaneous charges through batch or multiple job processing
• Facilitates group labor reporting
• Easy management of employee assignments to another pay class, department or schedule group, etc.
• Supervisor dashboard optimizes labor review process
• Ability to monitor current activities
• Individual employee or group review enforces exception-based management
• Easy overtime authorization and review
• Delegation of supervisory authority

Labor Costing Features 

• Application of different calculations to a single transaction can generate unique cost allocations for financial, or payroll outputs
• User-defined calculations utilize definable variables to generate the desired results
• Retroactive calculations can be defined to facilitate retroactive payments
• Distinct time periods can be assigned to accumulation variables used in the calculations
• User-defined labor components can add detail to the output and be used in subsequent AutoTime calculations
• Accumulation of hours, monetary amounts, and rates facilitates the distribution of charges across multiple charge components (e.g. Equalizing indirect labor or uncompensated overtime across all employee charges
  for a specific time period)
• Calculations can control charges to overhead accounts not charged directly, such as shift premiums, overtime premiums, or other employee entitlements
• Control mechanism defines when calculations are to be executed, such as day completed, week completed, supervisor approved, payroll locked, etc.
• Productivity, utilization, efficiency, and variance calculations are all supported within AutoTime’s Labor Costing