Employee time clocks resolve a lot of issues which you may not even know you have or are not conscious are tracked back into employee time monitoring. We have five great reasons you need to spend money on an employee time clock program.
1. Save Money
Making the switch to an employee time clock is able to help you to save both time and money by cutting back on the work it requires to compute employee hours. It alleviates human error in miscalculation, the likelihood of employee fraud and removes the burden of chasing employees to fill in their time sheets.
Based upon the machine you use, you might save on the price of consumable items such as forms and cards.
2. Time Clocks are Fairer
The use of an employee time clock can aid in reducing some of the most frequent problems that workers may see as unjust.
An employee time clock in and out software does not have a bias towards any various workers; it computes time. This amount of indifference and equality is necessary to maintain a lawful payroll approach. This means that employees will not be able to accuse the time clock of impropriety or favouritism.
3. Attendance Issues
Time clock program that creates reports makes it a lot easier to spot a number of attendance issues such as frequent lateness and patterned absences through biometric fingerprint attendance systems that require your employees to be present to clock in.
4. Labour Costs
Tracking time with manual or paper methods becomes a true hassle if you wish to learn what your job is costing you. Which means you’re unlikely to dig through manual records.
Understanding where your time-related labour prices occur can supply you with invaluable information to use for making decisions about modifications. Employee time clocks may reveal to you:
- Which positions or employees are consuming the most time.
- Where and which sector or employed are leading to overtime wages costs creeping up.
- Ways to create improved estimates of how shifts should be arranged.
5. Employee Time Clocks Make Sure Payroll is Accurate
Absenteeism costs are usually concealed into payroll, and also an employee time clock may have a positive influence on that in a couple of ways.
In regards to payroll, utilizing automation can decrease processing costs by 80%, by simply decreasing error and manual labour. Additionally, as legislation becomes more complicated regarding worker payroll, automation makes much more sense.
By legislation, employee time records should be retained and must be true. Even an automatic system can break down; in the case, your employee time clock malfunctions or an employee forgets to punch in, you’re still legally bound to pay the worker for their time worked and document that time correctly regardless of what it requires to determine what led to the discrepancy. But if you’re using a manual time monitoring system, you are in that situation all of the time.
In the beginning, having a couple of workers write down their times to a sheet of newspaper and using the honour system might have worked out nicely, but expansion (that is your target) requires a change in processes. When employee time information extends beyond your peripheral comprehension, it is time to update to an employee time clock program.