As per a Forbes survey, 69% of employees admit that they cannot track working hours accurately. Reports also show that distractions like social media, calls, instant messaging, and browsing news cause a loss of nearly 3 hours each day. Moreover, reports also show that buddy punching costs around $370 million loss each year. In addition, due to multitasking, productivity drops by approximately 40%.
Why is Attendance and Time Tracking Software in Demand in the Modern Workplace?
The automated tool integrated into your workplace benefits you in several ways, and they are as follows:
Structured Approach
The automated software provides you and your workforce with a defined sense of structure in the workday. Moreover, it helps you shape your discussions regarding the effective management of employees. In addition, remote solutions add transparency and visibility to employee activities by tracking time and attendance.
Accurate and Real-Time Information on Time and Attendance
This system allows your HR team and employers to get an idea of real-time information about the time and attendance of the employees. It allows the employers to identify the areas of problem and work on them to mitigate the issues related to time and attendance of the employees. Moreover, this automated tool helps you alleviate strain on the HR teams in keeping records of the employees. Moreover, this tool considers corrective actions to regulate the employees’ working hours.
Avoiding Payroll Errors
The manual system for calculating errors is quite a significant aspect to employees and employers. It is quite a time-consuming task for HR managers to correct payroll errors.
But, the automated tool seamlessly integrates with the payroll systems, providing an accurate picture of the overall costs. Along with this, the automated tool helps you with fewer opportunities to slip in and helps identify and correct payroll errors.
Eliminating Time Frauds to Save Money
The modern system used helps you eliminate time fraud to save money. It would help if you used fingerprint authentication to record the time and attendance of the employees using unique biometrics. It, therefore, helps you save time and your company money. Moreover, it prevents a time theft issue that costs millions of your company’s dollars.
Accurate Working Hours
Employees want to be paid per their working hours, attendance, and leaves. This automated tool helps you record precise clock-in times of the employees, and that helps you eliminate the issue of time thefts and inaccurate recording of time.
Employee Simplicity
The tool used for calculating the time and attendance of the employees has to be simple. The biometric tool helps you reduce reliance on the peripherals like fobs and keycards.
Remote Access to the Workforce
The automated software helps you remotely access 24*7 transparency and visibility to the workforce. This tool provides you with mobile alerts to oversee the entire organization and helps you act quickly to correct errors. In addition, the geo-fencing functionality provides employers the peace of mind to know the information about accurate and precise clocking.
Simplified Complex Reports
This software allows the management to see the issues related to attendance using the color-coded interface and intuitive interface. As a result, it helps simplify the reports and seamlessly fits the existing workflow.
Reduced Administrative Loads
This automated tool helps you eliminate the need for manual clocking-in cards. You can save hours brooding over figures as the data is collected automatically. Along with this, eliminating menial work allows your business to streamline and helps your managers and employees focus on fulfilling and creative tasks as they suit.
Ensures Regulatory Compliance
To improve regulatory compliance, your company helps you adhere to the industry regulations as per the business requirement. The system must tailor your business requirements to raise red flags against compliance issues. It is done to prevent the company from falling out and provide you with the tools to improve GDPR compliance.
How Is Time Tracking Tool Useful For Small Businesses?
Sitting idly at the workplace is a loss to your company. Using time-tracking software in small companies facilitates improved employee productivity and removes idle time. Moreover, the software integrated with the small business helps you to monitor the remote employees and enhance their business productivity. In addition, it helps you keep track of your employee time at the workplace.
The time tracking tool also helps your owners manage the business and ensure that the business and its employees are doing right. It also helps you keep a soundtrack of the employees’ working hours and reward them accordingly. The benefits your small business will reap from the automated software are enlisted as follows:
Tracking Employee Hours
Tracking each minute of the tasks takes much time manually. But, the automated tool allows you to monitor the work time easily and track each task.
Accurate Employee Timesheets
The automated tool helps you accurately and precisely capture the employee hours with payroll and billions. In addition, the employees can work from home and the office, depending on the employer’s requirements, and this tool will accurately track the employee timesheets.
Preventing Manual Time Entries
The automated software allows your employee to automate the time entries made automatically. As a result, it prevents time duplication or false input of time to the timesheets. Moreover, it results in time-saving and prevents time thefts at the workplace.
Improved Effectiveness
The automated tool identifies the diverse areas to work effectively. As a result, it allows you to improve efficiency and productivity, eventually saving your company money and time. It overall helps you improve company effectiveness.
Creating Customized Reports
Integrating this software allows you to create customized reports for each week or month. In addition, it allows you to make monthly reports and keeps a record of the workers’ working hours. Moreover, it also keeps an online record of customer complaints about late deliveries at the workplace.
Final Words
The automated tool for attendance and time helps you improve productivity, minimize compliance risks and reduce time spent managing workforce schedules. The systems are designed to work around your needs and are suitable for businesses of all sizes. Moreover, the software provides accurate information and transparency to the information access. Additionally, it allows you to focus on work to drive effectiveness and efficiency.
