You may not recognize it yet, but your business could be losing money from old-style employee time tracking systems. Time clocks and timesheets, for example, are especially vulnerable to inability and unintentional input. Several employees are well-known to pad their timesheets with the purpose of making it appear that they worked more time than they really did.
Timesheets and time clocks are also easy to shave. Buddy punching is a practice that one employee can use on another employee’s time card in his alternation. So, that employee can come in late or skip work altogether and still get paid irrespective. With a dependable employee time tracking system in place, organizations can enjoy many benefits, including:
Reduced Manpower and Paperwork
Older methods of time tracking need the use of manpower (for manually inputting data into a computer) and paperwork (for timesheets). With the proper application represent the hours an employee who works on a project or task are stored directly, automatically sent to the human resources department and computed. By this process, calculations are much more accurate and there is a significant reduction in the document involved.
Reduce Dishonesty among Employees
An electronic system needs to keep a much-restructured system of keeping track of the time employees spend on positive tasks and projects. Therefore, attempts to close manipulation of time or presence are completely eliminated.
Minimal Mistakes in Computations
A common issue that often plagues payroll staff is the appearance of mistakes in the last reports of physically prepared timesheets. Errors in entries are frequent, so there are mistakes in proper computations for employees on flextime and those working on shifts. Timesheets of employees who work at remote locations can also cause some mistake. With employee time tracking systems on the spot, this problem is easy to eliminate.
Easy Access to Employee Information
Usually, when employees want to find information about their holidays, sick days and vacation, they must be determined by the Human Resources Department. With employee time tracking systems, employees can register themselves and see this information on their computers. There is no need to hire administrative boards to execute the control of relevant data.
Cost Effectiveness of Resources Used for Projects Is Determined
The companies know that time is money. The time that employees devote on a certain project or task translates to money in that they are paid for it. The salaries and related fees paid to employees in the project period are shared with other expenses to determine if the project is cost effective or not.
Knowing how much is put into a project will assist businesses to recognize their ROI and determines whether or not a project is useful to their objectives. When they cannot perfectly compute for this expenditure, they could lose money on a project and not recognize it until it’s too late.
Nowadays employee time tracking has become a science. In order to determine the staff’s productivity, managers will regularly look after the time that employees spend on a particular job and compare it to their output. This will help to determine whether an employee is an effective worker or not and comparing his exports with other employees in the similar department. Performance is then easier to estimate on the information provided by an effective employee time tracking system. Visit for more information: Timeclockgenie.com