How tracking Employee Time Can Save Time and Money

Are you considering a time clock, and not too sure if time tracking for your employees is the right way to go? Not sure if time tracking software will be of any more use then your existing paper system? Here’s the low down you need to make your decision painlessly as to whether you should opt for a time clock system..

Who benefits from using employee scheduling software?

Of course, there’s no point in spending money on online employee scheduling software if it’s not going to show any benefit to your company. So- who benefits from a time clock? The short answer is almost anyone in a firm.

Surprisingly, employees will benefit considerably from time tracking. It can greatly increase productivity, as staff are more motivated to hold to work during business hours. It also ensures overtime and other critical issues are resolved to the employee’s benefit. No one likes being short changed on their pay, and it can generate resentment among staff if someone mistakenly misplaces paper employee time tracking.

Your payroll administrator will also be deeply grateful to have all of the issues associated with lost paperwork removed from their desk. Online employee scheduling software will help them stay on top of their job, resolve payroll issues and more. It’s also a boon to have this data so easily on hand during an audit. It is also a great way to track that you are meeting fair labour standards without excess overtime.

And then there is you- the owner. A time clock allows you to accurately gauge who and how company time is being spent, and provide other critical data you can use to ensure the flow of your business remains constant. It also provides valuable backup for those moments where you have to substantiate decisions or face an audit.

What else will a time clock do for me?

If that isn’t enough for you, there are some other positives to consider regarding employee scheduling software. Firstly, there is the great saving in time that a time clock can offer. It’s simple, easy to set up and monitor, and doesn’t waste vast quantities of your employee’s time on complicated admin manœuvres. Likewise, it will considerably reduce the inefficiencies of alternative time tracking procedures. There’s nothing to get lost, misplaced and printed, and no need to involve more people then needed in the procedure. Check out this link for more informations: http://www.lifehack.org/articles/work/10-no-brainer-ways-to-track-employee-time.html

Likewise, employment and tax compliance becomes considerably easier when you use time tracking software for employees. The data it provides is invaluable to record keeping, both when there is an issue and just for regular day-to-day record keeping. You are easily able to access- and prove- the data you need to monitor employees, calculate payroll and prove compliance with labour law.

A time clock is an efficient and practical way to streamline your business and the way it handles employees. In the end, it helps control staff activities and act as insurance against the many issues that more inefficient systems may have built in.

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