More Time for More Worth: Why Do You Really Need The Time Tracker
It might not be the most interesting part of doing business, but time tracking and attendance is a decisive case of good HR-management.
Nevertheless, many companies still track time manually or using a spreadsheet, which is prone to human error and can account for essential doubling and manual effort. For a number of small companies, sub-optimal time tracking can be an unfortunate time sink. Without real-time information, these businesses lack visibility into which employees are on time, late, or absent at every single moment. This makes it hard to react fast when necessary and to provide additional coverage where it’s needed.
By good fortune, an automatic time tracker solves many of these problems. There are at least 3 advantages of using that software to manage your work time and attendance in your office.
Streamlined time tracking
The automatic time tracker in the cloud allows you to easily track when and where your employees work, and gives you real-time access to the data, any time, any place. The time tracker collects attendance data which you can analyze to gain understanding into better ways to increase efficiency.
Also, the automatic time tracker is beneficial for both an employer and employees. It removes the need to fill out paper timesheets, which is time-consuming and burdensome. An accurate tracking of billable time will also improve the accuracy of invoices and make it totally transparent. Your staff can see what they’ve earned and when they’ve earned it.
It’s the same with “on-leave” requests. Instead of having to hand in a form and negotiate times and dates with their manager or CEO, employees can use an automatic systems and book their annual leave without having to take up their manager’s time.
For project managers, dealing with unforeseen absences and finding cover is much easier when you can see at a glance who can take on an extra shift.
Also, reports of a fully-automated time tracker are far superior than anything you can conjure up with bulky spreadsheets. Having a realtime information, you can track your scheduling budgets, actual timesheet costs, other transactions and other staff variables to keep your company on a fast track.
Managing your work time and attendance is an efficient, fast and smart method which can significantly improve your company in terms of your efficiency, reduced administration costs and your employees’ productivity.
Keeping an accurate record of people on-site or in your office building at any given time not only increases the safety of your staff and your ability to act should an incident occur, but it helps you to comply with your Work Health and Safety obligations. Don’t forget, that as a CEO or a project manager, it is your duty to guarantee a safe workplace to all of your employees.
As an official employer in the USA, you are required to keep records on your employees for 3 years. Also, timecard records used for wage computation must be kept for 2 years. Furthermore, this data must be available for inspection by the U.S. Department of Labor Wage and Hour Division’s representatives, who can request your HR-department to make extensions, computations, or transcriptions. Having an automatic time tracker to take care of such compliance-related issues frees you up to focus on running your business.