Percentage of time records that are submitted electronically
This measure calculates the percentage of time records that are submitted electronically. A time record is a single line item on an individual employee's time sheet/card during the course of a single time/payroll period that is assigned distinct coding for application to appropriate budgets, projects, etc. This measure is part of a set of Process Efficiency measures that help companies optimize their "report time" process by minimizing waste and refining resource consumption.
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Learn about Membership| 25th | Median | 75th |
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Compute this Measure
Units for this measure are percent.
Percentage of time records submitted electronically
Key Terms
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.