In the past, most companies used time cards or time sheets to monitor their employees working hours by entering their information manually into the payroll systems. These manual procedures are long gone and are replaced with substantially more effective automated time and attendance cards. These automatic systems are appropriate for all kinds of businesses ranging from small to large business organizations. These systems are very cost-effective, which enables a company to oversee, collect and process time and attendance information easily.
If your worker time calculation is not done accurately, your employees could be stealing nearly $1000 yearly. Employee time fraud is a rising matter across the small-scale business groups as employees resume late, take long breaks and check out early. If just one worker earning $10 an hour is late 20 minutes every workday, you are handing over $1000yearly and receiving nothing in return. One of the easiest and simplest solutions to recover that money is to make use of an automated time and attendance system.
Most expenses are recovered during the first year, and the accumulated benefits far exceed the underlying investment. The automated time cards are very easy to operate and aren’t just for worker time calculation. It also has some other benefits which include:
Save time and money:
Manually collecting, overseeing, calculating and preparing information to process payroll could take a considerable amount of time and energy. All these works can be removed if automated time cards are used hereby, making organizations increase their productivity and save money.
Working for long periods would absolutely affect the increase in sales and productivity. This would create more revenue which is useful for the advancement of the organization and its employees.
Majority of the paper attendance systems need the workers to fill out a time sheet, and then the manager signs it. Also, a senior manager audits in and a finance or payroll agent enters the information into a payment system. You can take out this duplicate work by enabling workers to swipe in and out and sending the information specifically to payroll. You also remove costly human mistakes.
The automated systems can save every one of the information of all the workers in the office. From the information gathered, it calculates the aggregate working hours, lunch hours and wages. This is very useful to the administration group to monitor the promptness of all the workers which would help them make essential decisions.
Gain business insights:
Most time sheets systems are so complicated to the point that business owners have less time to search for trends. Automated attendance software lets you analyze various metrics, including the number of workers off each day, popular lunch periods, high-volume vacation periods etc. You can utilize staffing reports to organize times for training and additional activities.
The business world today is complex enough and now that you have been enlightened on the utilization of these machines, these complexities can be reduced by automating your attendance and time process. It is advisable that you get one so that your work would be easier, your workers more productive, and your business more beneficial.
Also Read: How Time Card Calculator Works?