Top Reasons to Use a Time Attendance System
If you manage any type of business, the one task that will always be on your agenda is managing employees. A time attendance system can help you do this by providing accurate data about who’s working and when – which in turn helps you make better decisions about how to best allocate resources. It also reduces the risk of having a disgruntled employee steal from the company or take advantage of their position for personal gain.
Imagine having to track the hours of all your hourly employees, as well as payroll taxes. But you know that one wrong calculation can ruin everything and it’s not easy with a lot going on. Luckily technology is here for us! With real-time reporting and employee self-check in/out capabilities, you’ll never have to worry about mistakes again when calculating wages or even overtime pay-outs thanks to a time attendance system.
Among the top reasons to use a time attendance system are:
1. Effectively keep track of employee performance.
A time and attendance system can simplify the process of tracking your employees’ hours. You’ll know exactly what to pay them based on their hourly rate, making it easier for you during payroll processing week. If you have a lot of team members this is especially helpful so that they’re not getting paid differently just because one person happened to work more hours than another in any given day or shift. It also means there’s less chance someone will be short-changed without realising it.
If you have employees that don’t work on an hourly basis, this system can still keep track of their attendance. You’ll know when they’re supposed to be at work and if they are working the correct number of hours for them.
2. Comply with existing labour laws and guidelines.
You have to make sure you comply with fair labour standards for hourly pay and overtime compensation. You must compensate your employees at one-and-a-half their regular rate of pay in the event that they work any hours that exceed 40 per day, or within a 7-day period if not paid on an hourly basis. Furthermore, employed minors are limited by law in how much time they can spend working as well as what jobs may be suitable for them based upon job type and age restrictions.
3. It helps you save money.
Payroll technology is a lateral way to save money. You can review your time and attendance reports, see how much you’re spending on labour versus the revenue you earn. Paying for more employees than necessary may not be worth it if they aren’t making enough income or are only working during busy times like weekends when there’s less need for them elsewhere in the office; reduce payroll by editing schedules based on productivity.
4. Prevent employee time theft.
Payroll software is a great solution for avoiding employee time theft. By relying on employees to report their own hours, you have no other choice but believe them! However, with exempt status workers this isn’t an issue because they are paid by the hour rather than salaried and therefore cannot earn overtime pay without working extra labour in that same workweek.
With non-exempt workers, wages can be stolen through little bits of unpaid-for time each day which eventually adds up over months or years when multiple people start doing it as well; if these losses aren’t prevented payroll systems will cost your company money unnecessarily due to unnecessary labour costs from not compensating non-exempt hourly wage earners appropriately based on what they actually worked.
If you manage any type of business, the one task that will always be on your agenda is managing employees. A time attendance system can help you do this by providing accurate data about who’s working and when – which in turn helps you make better decisions about how to best allocate resources. It also reduces the risk of having a disgruntled employee steal from the company or take advantage of their position for personal gain.
Imagine having to track the hours of all your hourly employees, as well as payroll taxes. But you know that one wrong calculation can ruin everything and it’s not easy with a lot going on. Luckily technology is here for us! With real-time reporting and employee self-check in/out capabilities, you’ll never have to worry about mistakes again when calculating wages or even overtime pay-outs thanks to a time attendance system.
Among the top reasons to use a time attendance system are:
1. Effectively keep track of employee performance.
A time and attendance system can simplify the process of tracking your employees’ hours. You’ll know exactly what to pay them based on their hourly rate, making it easier for you during payroll processing week. If you have a lot of team members this is especially helpful so that they’re not getting paid differently just because one person happened to work more hours than another in any given day or shift. It also means there’s less chance someone will be short-changed without realising it.
If you have employees that don’t work on an hourly basis, this system can still keep track of their attendance. You’ll know when they’re supposed to be at work and if they are working the correct number of hours for them.
2. Comply with existing labour laws and guidelines.
You have to make sure you comply with fair labour standards for hourly pay and overtime compensation. You must compensate your employees at one-and-a-half their regular rate of pay in the event that they work any hours that exceed 40 per day, or within a 7-day period if not paid on an hourly basis. Furthermore, employed minors are limited by law in how much time they can spend working as well as what jobs may be suitable for them based upon job type and age restrictions.
3. It helps you save money.
Payroll technology is a lateral way to save money. You can review your time and attendance reports, see how much you’re spending on labour versus the revenue you earn. Paying for more employees than necessary may not be worth it if they aren’t making enough income or are only working during busy times like weekends when there’s less need for them elsewhere in the office; reduce payroll by editing schedules based on productivity.
4. Prevent employee time theft.
Payroll software is a great solution for avoiding employee time theft. By relying on employees to report their own hours, you have no other choice but believe them! However, with exempt status workers this isn’t an issue because they are paid by the hour rather than salaried and therefore cannot earn overtime pay without working extra labour in that same workweek.
With non-exempt workers, wages can be stolen through little bits of unpaid-for time each day which eventually adds up over months or years when multiple people start doing it as well; if these losses aren’t prevented payroll systems will cost your company money unnecessarily due to unnecessary labour costs from not compensating non-exempt hourly wage earners appropriately based on what they actually worked.
