It’s no secret that running a company takes a lot of time and energy. As a business owner, you don’t have the time to keep track of your employees’ whereabouts at every moment of the day. This is especially the case if your company has employees or contract workers in a number of different locations!
Managing your employees’ time and attendance can be a hassle, but it doesn’t need to be. Employee project time tracking software can help businesses in almost every industry with workforce management, allowing you to keep tabs on your team without having to spend all of your time monitoring them.
Time clocks are meant to limit your stress and frustrations. They can make your life easier, improve payroll accuracy, and streamline your workforce’s efficiency as well. Here’s a look at a few important advantages that can come from implementing employee project time tracking software.
Many employers don’t know that a modern time clock system can make their employees’ lives easier. Time clocks can make it simple for your team to clock in and out –no need for them to manually record their hours, or use a cumbersome time punch machine. They can also drastically reduce the chance of errors from occurring with their paychecks, helping to ensure that they get paid the right amount, and on time. With a robust time clock system, your employees will also be guaranteed personal data security since their information will be safe and secure.
Flexible Work Arrangements
Not all jobs are in office-based; today, more people are working remotely. Last year, 43 percent of employed Americans said they spent at least some time working remotely. With a modern time clock system, your team can work on-site or from the comfort of their own homes while still having access to the time card system. Having a robust system in place can even make it easier for your team to manage their schedules. The best systems allow team members to view their shifts, request time off, or even trade shifts with coworkers. It doesn’t get any easier than this!
Increased Efficiency With Payroll
Let’s face it; payroll can be time-consuming. A manual system requires you to collect time cards, decipher the data, enter it in, and then get to work cutting the paychecks. The process is slow and tedious, not to mention prone to error. But with an online time clock system, you can cut back significantly on the amount of time that’s spent on payroll processing, and reduce the chance of errors occurring; helping to make your payroll and recordkeeping as efficient as possible. According to the American Payroll Association, payroll automation can reduce payroll processing costs by as much as 80 percent! For small businesses, where payroll is typically one of the largest expenses, finding ways to save in this area, can quickly add up.
Accuracy in the Work Place
Having employees track their hours with paper time cards often results in them rounding up or down on their time. There’s also a real risk of more serious forms of time theft occurring; or employees signing in for their coworkers to make it look like they arrived on time. This can lead to conflicting reports and could end up costing your company money in the long run both in the form of overpayments as well as the cost of time that’s spent tracking down and correcting errors. But by implementing a new production time clock, you can save money by promoting accuracy; leading to improved accountability in the workplace as well.
A modern time clock system does a lot more than just track employees’ time; it can also help to boost workplace satisfaction, ensure accuracy, and improve efficiency. It can be a great benefit for bigger companies with a large number of employees, as well as for smaller businesses that are looking to streamline efficiency and improve productivity in their day-to-day operations.