Strategic Value of ABResources

Strategic Value of ABResources.com System In a survey conducted by the research firm of Towers Perrin, businesses that have utilized Web self-service and knowledge based human resource tools have shown 100% improvement in administrative timeliness, 38% improvement in accuracy and workload was reduced by 50%.
System Processes	Strategic Value
New hire processing time - Using standardized forms and database management cuts new hire processing time by 50 - 60 %, simply because, the new employee will not have to fill out forms by hand and the employer will not have to re-enter this information into 1,2, or 3 other systems, not to mention coping, faxing and filing cost savings. Accuracy and readability increase by 99%.	Potential saving of 30+ minutes per new hire
Employment forms and booklet delivery - All handbooks, SPD's, hiring packet forms and government forms are all delivered online and signed for by electronic signature, which is included in the system. Therefore saving on printing, updating, mailing, and tracking the receipts of all those items. Delivered online lowered HR costs by at least $3 per employee per month. Online reports verifying employee receipt of all materials - priceless	Provide up to date changes to all employees and able to track and document the receipts.
Benefit RFP bidding process - Online tracking provides the ability to produce up-to-date employee census reports for multiple insurance company submission at a click of a key	System creates the most current employee census for the company to shop for the best rates.
Benefit plan discrimination testing - 401k, cafeteria plan, defined benefit etc. these reports are generated in minutes instead of weeks of research.	TPA will need the employee census information to perform the testing normally every 6 months
Benefit open-enrollment - ability to track and manage to ensure all employees enrolled or waived the company sponsored benefits. Hours saved during open enrollment season.	Instant reporting on which employee still pending enrollment.
Benefit confirmation statement - after each open enrollment confirm enrollment at a click of a key. Saves the normal time needed to sort, organize, copy, confirm, add up premiums and deliver the employee enrollment to carrier, payroll and employee files.	Prevent employee miscommunication and confirm their election.
Executive reports - The system allows the company to create daily or week to date time and labor reports on the fly - there-by allowing management the opportunity to schedule employees work time to avoid unnecessary over time. Now the company can be strategic in employee time and labor management instead of historical analysis of over payment of payroll expenditures.	CFO can create report on payroll history or current week to date in real time to create accurate management reports
HR reports - all available in a check box format, no programming skills necessary to generate any-one of many powerful HR reports. No more tracking down IT to program the necessary HR report of a financial or payroll system that is not designed for the HR process.	Real time reporting gives the HR professional the ability to create up to date HR products and services.
Online time clock - Any computer with an Internet connection can now become the company time clock. Other clock solutions run between $1,000 - $1,800 to purchase or some payroll providers lease time clocks at $55 - $105 a month. PaperLess time clocks are free with our standard system installation and are already integrated with HR.	Computers can cost less than $500 for the whole system and it doubles as an employee communication tool.
Save payroll reporting and process time - Clock users using the online time clock system save time ranging from 16 % - 80% in processing employee time sheets.	Time savings in addition to eliminating human error, which is costly to correct
Recruiting - ability to construct and customize ads by all manager levels and submit to all major job boards. Receive back results that are sorted by and match the need instead of the traditional 300 - 500 applications or resumes to search through one-by-one for the right potential job candidate. Time savings to hire - days!	Depends on the turn over rates of the company.
Workers' Comp Management - Track each individual employee working in each department that has assigned the correct workers comp rates. Reports are generated by date query and tracked by the online time clock. This report will insure your company pays the correct premium on the correct workers comp code. The report can be used for future workers' comp premium audits - and allows the company to pay the lowest rates in each correct class of employee. (Savings minimum of 40 work hours a year, paying correct premium $$$$)	Audit time 40 hours a year, reconciled payroll by employee by department, per 100 employees.
Workers' Comp Claim Management - Manager can file workers comp injury report online in less than 5 minutes. The work flow engine will notify the broker for the claims filing with the carrier and all parties can start monitoring the claim process immediately. Time savings vs. paper claims filing 50%.	The faster the claim is filed, the quicker the insurance company can react to the claim and manage it.
Work force planning - Online employee work scheduling module allows each manager to manage and plan their employees work hours. Allowing home office viewing and approval over all and employee log-in to check his/her schedule 24/7. By replacing paper postings or excel spread sheets, PaperLess cuts staff and work site managers time by up to 50%	Depending on the industry and the number of locations the company has, can translate to larger savings.
Total compensation and benefit statements - Most companies spend up to 42% of payroll in various statutory benefits as well as health and welfare benefits that are invisible to the employee. Delivering reports that break this cost down for the employee helps the company with overall employee understanding and retention.	Improve company image and enhance employee appreciation.