Team time tracking is a tedious and time-consuming process that no one wants to deal with. The fact is, though, for your business to function correctly, it has to be done, and it has to be done right.
The trouble is, manual non-exempt employee time tracking is full of many problems and errors that can make the entire process a detriment to the business. That’s where employee time tracking software comes in. Not only does it automate many time-consuming tasks, but there is a whole range of other benefits for both employees and your business that you should be taking advantage of.
Even if you’re concerned with the cost and the time involved with implementing a clock in and out app, you should know that the benefits that it carries far outweigh any of the initial investment in time and money, especially if you choose the right one for your business.
Why Time Tracking is so Crucial
If you haven’t put much thought into it, you might not realize just how vital an excellent online timecard system is to your business. Here are just a few of the reasons that accurate time tracking is so important:
- Keep track of labor costs
- Stay labor law compliant
- Manage absences and overtime
- Create a fair and balanced workplace
- Avoid time theft
- Improve payroll speed and accuracy
As you can see, time tracking is about much more than just counting hours and making schedules, and it is perhaps the most important thing you can do for your business.
Save Time and Money While Accurately Tracking Employees
It’s easy to understand that the more employees you have, the more time you have to spend keeping track of their attendance and hours. After all, what’s the point of having a large workforce if they aren’t there getting work done.
The thing is, trying to do this manually with a large number of employees is impossible. Not only aren’t there enough hours in the day to track every employee, but you’d be wasting the time of managers who have to oversee employees constantly. Micromanaging is a massive waste of resources and a big mistake. It can make employees feel undervalued if they frequently have to be watched over by management.
Employee time tracking software eliminates the need for micromanagement by automating the entire time and attendance tracking process. Employee attendance is noted automatically for each shift, and hours are calculated down to the minute once the employee clocks in. This means no more errors and time wasted figuring out if an employee has shown up for their shift. Managers can have all the data they need in real-time and make adjustments as necessary.
Avoid Overtime and Stay Labor Law Compliant
Part of the problem with manual timesheet management is that even if you get it done, there’s no way to ensure that employees are working the way they should. This includes both taking their mandated breaks and not working unnecessary overtime because of inefficiency or time theft.
Time tracking software fixes this particular problem by identifying when an employee has hit overtime and when they miss their breaks. This way, reminding them when to take breaks will ensure that they stay labor law compliant, even if unintentional. Overtime can be addressed by discussing their reasons for needing overtime with the employee, or the manager can just send home an employee who has hit overtime and call in an employee who still has hours left if necessary.
This significantly saves labor costs and reduces the risks of significant fines and penalties due to labor law non-compliance. Along with productivity trackers and payroll integrations, time tracking software can make almost every area of your business flow much more smoothly.