Time is money, they say, and no one knows that better than business operators and owners like us.
Business owners need to track and store information about employees’ schedules, overtime and rates of pay in order to process payroll. Automating this process eliminates the costly time and effort of manually searching for documents in a fragmented manner.
But tracking employee time is imperative not only as a compliance issue, but also as a major component in any type of productivity / profitability analysis.
Gaining insight beyond attendance
With any access control system or even the good old time clock, it’s easy to know how long people are on your premises, but it’s much more complicated to have an accurate count of the hours worked. Especially when dealing with knowledge workers. Not all hours spent in front of a computer screen are equal….
Understanding who is really delivering value and who is just browsing Facebook is just one of the benefits you can expect to gain from most employee presence management software platforms on the market today.
Other benefits of time and attendance software can be divided into two broad categories: those that help you reduce costs and those that help you increase revenue:
Compliance – It is painful and costly to get bogged down in a labour law fiasco.
You have a reputation to protect. Time and attendance software can help ease the burden of keeping these laws in mind when scheduling where traditional timekeeping methods cannot. The software can alert managers when employees have worked too much overtime in a given week or when an employee does not take the necessary breaks during their shift.
Efficiency – Reduce the time required to process time and attendance data. It also reduces absenteeism on a daily basis, allowing you to take action in case things get out of hand. Of course, an extra-long meal break from time to time is not considered a loss of control.
Accuracy – Eliminate timesheet inaccuracies and falsified timesheets.
Slip up on payment and employees are sure to complain. Pay too many hours and you take home less money Although old school timesheets or clocks work, they are full of errors because employees often forget to enter or leave. Automated data entry is an effective way to get rid of arguments and discontent.
Job scheduling – Whether it’s flexible scheduling or telecommuting, time and attendance software can help managers ensure that employees work the right hours without constant supervision. Managers, on the other hand, can set schedules based on the employee’s personal preferences.
Recruitment – Becoming recognized for respecting employees’ work-life balance is how today’s best employers attract the best talent. Many companies are experimenting with allowing employees to work from home. Allowing teams to telework remotely is a big advantage that costs employers little and can actually help reduce rent costs…..
Employee Satisfaction – Manage your employees’ time and performance to maximize their capabilities. Time and attendance management software provides employees with easy access to their schedule records. You give your employees some control over their personal information and scheduling. This simple investment of trust is an easy way to increase employee satisfaction in the workplace.
Employee Benefits for Attendance Tracking Software
Employees are often apprehensive about attendance tracking solutions. What they are most concerned about is this:
Increased transparency will expose them to further scrutiny.
Their privacy will be violated.
To ensure the success of your integration, it is important to get employees to move beyond these understandable concerns until they are able to appreciate the benefits of the software.
Some of the points mentioned above may be of interest to you.