New study demonstrates benefits of automating time-off requests with Paycom

Paycom revealed findings by Forrester Consulting on the potential cost savings and benefits enabled by Paycom’s Time-Off Requests featuring GONE^®, which automates the historically undermanaged time-off request process. According to the Forrester study, a composite organization representative of interviewed Paycom clients received a projected return on investment of up to 821% over three years. Paycom’s Time-Off Requests featuring GONE manages employee time-off requests through automated decision-making with configurable rules. The tool expedites time-off decision periods, frees managers from time-consuming reviews, and uses company policies and coverage needs to reduce bias. Using GONE for a three-year period projected quantifiable benefits for the composite company from the commissioned study including:

• individual manager time savings of nearly one workweek^* of unproductive hours annually
• HR, finance and administrative staff time savings of nearly five workweeks’ time annually
• up to six workweeks of avoided overtime hours annually from more consistent staffing