5) Maintains Fairness For All Employeesįairness is a major issue in your business even if neither you nor your employees have ever strictly addressed or expressed it. How your production compares to time spent on the jobĭeep data such as this prevents guessing and estimating and gives you tighter control over production and labor costs.How your business’s labor time and cost per hour compare to the norms in your industry.Which employees, positions, and departments are using the most time to complete a task.Which employees and departments are costing you the most in overtime.With the right time clock, the level of detail regarding labor costs is astonishing. It’s another thing entirely to have real-time information about all the variables that affect the way your business tracks time.Ī modern employee time clock provides that insight. It’s one thing to have accurate reporting on attendance issues and other labor costs. 4) Provides Real-Time Information About Labor Costs These might not seem like significant savings, but over the long term, they can really add up. In addition to those large savings, a dedicated employee time clock reduces (or even eliminates) the need for expensive consumable items such as time cards and calculation forms. Shifting the responsibility of keeping track of work hours to the employee.Time clocks can also save your business money. The time you save can then be better spent on activities that improve your business’s bottom line. Instead of you or your bookkeeper spending hours tallying hours worked, applying withholding, and figuring taxes, the time clock software does it for you. One of the main reasons that a time clock is essential for businesses of all sizes is because it will help save you time and money.įirst and foremost, it will reduce the time it takes to process employee time cards and calculate payroll. The information generated by an employee time clock can help you keep motivation high. Too much of that, and your dependable employees may start to resent the absent employee for being gone all the time, and you for allowing it to happen. Habitual absences from the same employee means that other, more reliable employees have to pick up the extra work. Ī time clock software suite can alert you when team members are absent and help you redistribute the workload accordingly.įinally, an employee time clock prevents attendance issues from affecting employee morale. Absences (scheduled or otherwise) disrupt the progress of your projects and can have a significant impact on your team’s productivity. That’s a significant savings.Īnother way that a time clock helps you with attendance issues has to do with interruptions to your workflow that can cost you money.
0 Comments
Leave a Reply. |