It’s common knowledge that keeping a business afloat is a demanding endeavor. You can’t possibly monitor your employees’ whereabouts at all times during the workday; even more so if your business relies on freelancers or remote workers spread around the globe!
It’s not necessary to go through a lot of trouble to track the time and attendance of your employees. You can maintain tabs on your team using employee project time-tracking software without spending all of your time physically watching them. This employee time clock aids businesses in practically any industry with workforce management.
What Is the Use of Time-Tracking Software?
The point of using an attendance tracking system is to reduce your level of mental anguish and frustration. It can facilitate your work, enhance the precision of payroll, and simplify the operation of your business. As ironic as it may seem, the first step toward time savings is to keep track of time (and money).
The benefits of using time-tracking software for projects with employees are discussed below.
- Improving Payroll Accuracy Brought by Time Clocks
Accurate payroll benefits both the business and the employee. Therefore, collecting employee hours accurately is in everyone’s best interest. Studies show that automating employee time records can cut payroll processing expenses by as much as 80% by eliminating room for human mistakes. Problems with employee punch times are ultimately your responsibility, as the Fair Labor Standards Act (FLSA) places the burden on employers to ensure that workers are paid fairly for their work hours.
Accuracy in Time is the Answer
When time is recorded by hand, workers lose trust in the system and may engage in practices like buddy punching or time theft to avoid having to report their actual hours worked. A system automatically tracks employees’ attendance and time in and out, making for more truthful workers.
- Enhancing Productivity and Monitoring Issues in Attendance
It might be costly if management has to manually tally staff hours worked. The managers need to compile the time sheets or cards, double-check the information, and input it into the computer systems. Every pay cycle can be a time-consuming process. However, this procedure can be reduced from hours to minutes when using reliable time-tracking technology.
Consequently, upper management will have more time to devote to other issues. Both employees and management save valuable time since mistakes in employee timekeeping are eliminated.
How Can Time Clocks Monitor Attendance Issues?
The U.S. Department of Labor estimates that in 2015, 3% of American workers were absent from their jobs on any given day. Over twenty percent of payroll costs may be affected. Digital time clocks and mobile apps for employee scheduling can help keep tabs on employee attendance and address any concerns early on (for example, constant tardiness and regular absences on specific days).
- Promoting Impartiality while Boosting Morale through Time Clocks
Employers can reduce unfairness by using attendance or scheduling software as employee tardiness and absences are tracked. Employees won’t have to worry about someone else getting paid for their effort. They know their time and effort are recorded. A manager’s biases toward an employee might affect their judgment despite how harsh it seems.
Because the automatic time-tracking system just records times, not employees’ feelings, they can feel free to relax. This minimizes the possibility of any charges of prejudice or inaccuracy being made against your company or its leadership, which is vital from an operational and legal standpoint.
How Can Time Clocks Boost Employee Morale?
Good attitudes at work are the outcome of high morale, which in turn leads to greater output. The workers have confidence that they will be fairly compensated for their efforts. If certain workers are seen to be abusing breaks or getting paid for the time they did not work, this can cause resentment to spread throughout the whole workforce. Keeping up a cheerful attitude is aided by this. There’s a direct correlation between job happiness and efficiency.
Final Thoughts: Accuracy in Timekeeping Improves the Business to Being Employee-Centric
In addition to their traditional function of keeping track of the time employees clock in and clock out, modern time clock systems can also increase workplace happiness, guarantee precision, and speed up processes. It’s possible even more so for smaller companies with the goals of increasing their productivity and streamlining their operations to benefit greatly from this.