Post about "Business"

Use Timecards For Payroll & Employee Schedules to Plan Labor Costs

It is important to pay payroll expenses from the time and attendance system, and not the theoretical labor schedule. This attendance system tracks the “actual time” worked by business employees. Each staff member should have their own “timecard”, although computer systems have improved these paper systems over the years. At a minimum, the timecard can be a paper card which has the time and date the employee arrived for work, and the time and date the employee left work, printed or stamped on the card.o If management pays the employee directly from the theoretical work schedule and the employee arrived later than scheduled, then the business is paying too much to the employee – reducing profit.o If the employee arrived earlier than the theoretical labor schedule suggested, the business will not lose any money by paying from the schedule – however, a number of regulations are violated by not paying the employee for actual time worked.Employees, in most industries, are notorious for arriving to work 15-minutes earlier than scheduled, or leaving 10-minutes later than scheduled, requiring that employers pay appropriately for worked time.To ensure compliance with regulations and to reduce the loss in profits, the correct way to pay employees is with the clock in / clock out times from the time and attendance system. Employee pay should be based on actual time worked. Where applicable, biometric systems, such as fingerprint logins will help control employee early clock ins, buddy punching, and labor regulations compliance.Example: Using a modern labor management system, employees from a country club can clock-in and clock-out from an Internet-connected computer at the store. Each employee is given a username and password for security, or alternatively given a biometric fingerprint scanner. In addition to punching in and out, the employee can review their timecard, view upcoming schedules, request time off, change work preferences, swap shifts with other employees, find out when other staff members work, and view messages sent to them by management. After clocking into the labor management system, remote managers (such as corporate, district, or regional level managers) can easily login to view which employees are currently “on the clock” and how long they have been clocked in.Labor management systems with employee scheduling and time and attendance features can reduce the employee’s ability to clock in early, or “ride the clock”. These types of software systems have an instant Return On Investment for your business.

S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
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Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.