Why you Need Time and Attendance Recording system for Business
Businesses come in various sizes -small, medium and large. The employees are the one who makes or break a business. Manual time and attendance recording systems are a thing of the past. Most businesses are switching to automated time and attendance recording systems. We look at the benefits of time and attendance recording system software for businesses.
Saving of time on payroll
The primary advantage to businesses is saving of time by employees as well as the human resource department in tracking, recording as well as processing the time spent by employees working each day, week as well as month. It is estimated that the amount of time spent calculating payroll each month is slashed by up to 70% by switching to automated time and attendance recording systems. Thus, employees can concentrate on their primary responsibilities instead of spending substantial time accounting for time spent individually working.
Prevent time theft
Time theft covers anything from taking a longer food break than defined or clocking in for a colleague when they’re late to work also termed as “buddy punching”. According to the American Payroll Association more than 75% of enterprises are monetarily adversely affected by the practice of buddy punching. Intentional or not, time theft can be expensive. Automated time and attendance recording systems prevent time theft in various forms totally.
Are not prone to human errors
Manual Time and attendance recording systems invariably are affected by human error. There is no scope of human error in automated time and attendance recording systems. Employees cannot recall precisely when they commence and finished work. They are not as accurate as computers in recalling the time taken for breaks or the amount of time spent working overtime.
Empower the employees and boost their morale
Earlier certain employees would cheat the manual system. Employees who were regular and worked overtime felt that the system was unfair. This led to lowering of morale in loyal and efficient employees. Automated Time and Attendance Recording Systems ensure that employees are fairly paid for the amount of time and effort rendered. The former lets employees have a clear accurate view of how much time they worked and how many leaves they have taken. Employees now have more control over their respective responsibilities.
Other benefits of automated time and attendance recording solutions include less or no paperwork, better compliance with existing laws and scalability.