Paycom Launches GONE, Automating Time-Off Request Decisions
05 Dezembro 2023 - 11:15AM
Business Wire
Paycom Software, Inc. (NYSE:PAYC) (“Paycom”), a leading provider
of comprehensive, cloud-based human capital management software,
announced the launch of its next step in automation, GONE™, a
feature that facilitates decision-making for time-off requests.
Businesses can now automate time-off decisions to best fit their
needs using a customizable decision engine for time-off approval
and denial, including staffing needs, consecutive days requested,
individual employee hours worked, level of seniority and more.
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Paycom announced the launch of its next
step in automation, GONE, a feature that facilitates
decision-making for time-off requests. (Photo: Business Wire)
Through enhanced automation, GONE standardizes time-off
management with policy-compliant decisioning designed to ensure
fairness, timeliness and regulatory compliance. For businesses and
their employees, GONE helps eliminate:
- waiting on or tracking down time-off decisions
- updating incorrect time-off information for payroll
- losing employees’ trust due to time-off guidelines being
unclear or unfair
- being understaffed because of poor time-off management and
- unapproving time-off approval or mediating time-off denial
disputes.
“GONE is the next step in workplace efficiency, eliminating the
hassle that outdated processes and time-tracking technology
create,” said Chad Richison, founder, chairman and CEO of Paycom.
“Today, businesses typically make between 20 and 30 decisions per
year, per employee on time-off requests and the denials or
approvals that go into staffing decisions. GONE replaces those
interaction points, providing a consistent experience for
employees, and ensures business continuity.”
For businesses and managers, inconsistent time-off management
can cause staffing shortages and payroll inaccuracies, as well as
impact workplace culture. To reduce risk and liability surrounding
staffing and policy enforcement, GONE looks at the needs of
businesses and standardizes decisions. What’s more, businesses can
avoid the costly consequences of coverage gaps that are detrimental
to both the bottom line and employee morale.
Each manual time-off review or approval can cost a company an
average of $11.22 in labor, according to a November 2023 Ernst
& Young study commissioned by Paycom. GONE vastly reduces this
expense along with time-consuming organizational tasks that
frequently fall on managers and directors.
To learn more about this new feature available through Paycom’s
Time-Off Requests tool, visit www.paycom.com/gone.
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 U.S. and
internationally.
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version on businesswire.com: https://www.businesswire.com/news/home/20231205065626/en/
Jason Bodin 1-800-580-4505 media@paycom.com
Paycom Software (NYSE:PAYC)
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