Employee time management - these three words can be very intimidating to business owners, mainly because employers tend to think they need to spend thousands of dollars in order to effectively manage their employee time.
The truth is, with today's cutting edge technologies and automated business tools, employee time management is not only more affordable, but it is also far more flexible, accurate, convenient and efficient than ever before.
However, even with low costs aside you may still be wondering if the benefits of online time & attendance software outweigh the cost.
The answer is a resounding YES! Below we explain why.
Save money by cutting costs Saving money is the number one reason online time & attendance tracking software has become so popular for workforce management.
Businesses don't invest in a product or service without expecting some sort of ROI.
While you might find a small upfront cost for a system (e.
g.
, paying for biometric fingerprint time clocks with time tracking software), your company will ultimately come out ahead once you factor in the savings from labor and operating costs.
These systems crack down on time theft and facilitate business processes, which means less money going out the door of your business.
Save time Saving time means saving money, so this one kind of goes hand-in-hand with our first reason.
However, it is worth noting separately because you won't believe how much time your business will save with online time & attendance tracking software.
Think about how many hours you waste handling paperwork and manually crunching work hour data.
Maybe you even manually collect each and every employee's timesheet or time card.
Automated business processing systems streamline everything and open up valuable time that you can then spend on other business critical tasks.
Online time clocks and time attendance software systems not only save time for HR and payroll departments, but also for the employees who are marking their attendance! It's a total win for everyone involved.
Accuracy and Authenticity Another pro for time and attendance management software is the accuracy of the information it provides.
Online time & attendance tracking software is intuitive.
It accurately marks, tracks, tallies and stores all necessary employee work hour information including time in/time out, holidays, lunch breaks, sick leaves, tardies, etc.
Hours are recorded in real time so each punch is as accurate and to-the-minute as possible.
Plus, with biometric fingerprint and facial recognition time clocks, not only are you preventing fraudulent practices such as buddy punching, but you are also helping to protect yourself from potential wage and labor law violations.
Quick Access to Information Yet another reason the benefits of time and attendance management software outweigh the cost is the fact that they allow quick and easy access to employee work hour information.
We're talking instant access and retrieval.
With the help of employee management software, all employee information and data is readily available and accessible from anywhere through Internet.
All changes are updated in real time allowing for the accurate tracking of employees' work details.
This allows employers to take immediate action if and when they need to address or resolve potential issues such as rescheduling or disciplining an employee for being late.
True Value The advancement of technology has provided flexible and affordable resources to effectively tackle management issues.
In terms of employee time management, adopting automated systems such as time clocks with time attendance software is a sure way to the road of success.
The effectiveness of cloud-based online time & attendance tracking software in today's workplace is undeniable, and reasons for purchasing such a system are easy to justify.
At the end of the day, few things compare to the true value you get with time management software.
It can help you eliminate time theft, hit business deadlines, meet your revenue goals, and better manage your employee's time.
By implementing web-based time and attendance management software, you are setting your company up for years of performance and ROI.