Summary
This document is a report detailing the findings of the 2023 ADP Workforce Management Benefits Study, which examines the quantitative benefits of implementing a Workforce Management solution. The study indicates that organizations can achieve a reduction in payroll error rates by 2.5–3% through the integration of time and attendance solutions. It also highlights time savings for employees and managers, with biometric identification potentially saving 2–3 hours per employee per week and scheduling automation saving 4–5 hours per manager per week. Additionally, automated accrual tracking can save 2 hours per employee per week, while automating PTO requests can save 3 hours per manager per week. The report further states that HR can reduce time spent on leave administration by 12–13% with automation. An example provided estimates total savings of $3.5 million per year for organizations implementing these solutions. The study surveyed over 1,000 organizations to gather its data.
