Inside IXM TIME
IXM Time provides 3 additional interactive dashboards that provide real time summary on the global company time and attendance trends. This is critical information for an organization, to help with reporting as well as quick decision making.
Employee Self Service
Employees who are registered for IXM Time are provided their own login details to access the Employee Self Service (ESS) Portal. The ESS Portal provides all applicable employees with a review of their own time and attendance stats.
IXM Time is able to generate and export numerous reports in various formats (.pdf, .csv, .xls, .rtf, .tiff, .html) for time and attendance, which can be directly imported into HRMS systems for payroll management.
APIs for HRMS
Invixium will provide APIs for integrating IXM Time with leading HRMS systems in order to reduce system administration and help companies around the world execute accurate payroll management.
An absolute necessity in any time and attendance solution, Shift Management in IXM Time consists of shift settings and configurations, which lets the users create custom shifts and schedules to manage the day to day timings of a company.
Configure and manage leaves and accrual policies as per your organization’s needs using the Leave Management feature, which enables you to maintain the leave structure for multinational companies from a single source.
Policies created in IXM Time help the HR department of a corporation to set the rules that govern the attendance and overtime systems during their daily operations.
Defining the Reporting Groups and Permissions in IXM Time, helps setup the hierarchy to authorize attendance correction, overtime and leave requests across the company as well as within a team.
Mainly for use by the HR department and the senior management of a corporation, Audit Trail, like the name suggests, logs all changes, approvals, rejections and pending requests occurring in IXM Time for audit purposes.
|Middle East||North America|
|Number of employees||1,000||1,000|
|Average time theft per employee per day||10 minutes||10 minutes|
|Average time theft for 100 employees per day (10% of employees)||1,000 minutes = 16.67 hours = 2 man days||1,000 minutes = 16.67 hours = 2 man days|
|Cumulative Productivity lost (225 working days)||450 man days||450 man days|
|Average productivity cost (Different from Labor Costs)||$35/hour = $280/day||$100/hour = $800/day|
|Costs due to lost productivity per year||$126,000||$360,000|
|IXM Time Cost for 1,000 employees||$12,000||$12,000|
|Costs Saved in Year 1||$114,000||$348,000|