Automating the tracking of employee time should, be a fundamental process within any business. Yet many companies do not track time and instead rely on outdated time tracking methodologies and/or self-reporting to capture time and attendance details. And, since, assumptions and reality do not correlate organizations, that rely on manual time tracking or self-reporting lose significant value by paying employees for time that they didn’t actually work.
Let’s take a look at three reasons to ditch paper time cards:
Lost Time-Some companies refer to lost time as sick days, employee vacations, planned or unplanned absences. However, the occasional 5-10 minutes that an employee either arrives early or leaves late are small increments that can add up significantly throughout the year. Take for example, an employee who comes in 10-15 minutes before her start time and records this on the paper time card or the employee who is habitually late yet jots down that he arrived on time. In both scenarios, you are paying these employees for time that they were not actually working.
Ditch the Manual Time Tracking-If your company is using an automated time and attendance yet, have spreadsheets or another manual time tracking system, you are likely using the wrong solution and are missing out on significant benefits. The right time and attendance system should capture; employee vacations, statutory holidays, overtime, it should be scalable and eradicate all manner of manual time tracking.
Data Integration-In addition to the other benefits, the ability to send employee hours seamlessly to your payroll software should be one major factor in migrating to an automated time and attendance. It is next to impossible to continually use manual time tracking and come up with accurate results. An automated time and attendance solution removes the arduous tasks of having to count employee hours each week and then key them into spreadsheets, thus, your company will benefit because it’s now paying for time worked, which can translate into higher revenues and profits.
Not sure if there is value to automating your manual time tracking methods? Download our Return on Investment (ROI) calculating or a demonstration. Both can help build a solid business case.
