Do you want to upgrade your time tracking system? Are you a business owner and you still use punch cards? With the tremendous growth in technology, tracking your employees is now a piece of cake. Gone are the days of paper timesheets and manual payroll systems that were prone to errors. When you use traditional time tracking methods, you lose to competition and bypass the opportunity to save money and time.
Upgrading your time tracking system enables you to run your business efficiently. Digital time clocks accurately record the hours an employee has worked. With automated time clocks, workers punch in or out via their devices regardless of their location. This allows the HR department to review and approve employee attendance and time record swiftly. Upgrading your time tracking systems improves employee accountability.
Typical Pitfalls of a Paper-Based Payroll & Time Tracking System
There is always the potential for human error with paper-based payroll and tracking systems. To be human is to err’ and workers can enter incorrect information into their timesheets. The paper payroll process is time-consuming, prone to faults and some mistakes can go unnoticed leading to inaccurate employee payments and other payroll issues. Manual timesheets encourage time theft and buddy-punching.
With the traditional time tracking method, a lot of time is wasted handling time sheets during the payroll period. Workers may need to stand in line to clock in or out, and the HR department spends time correcting timesheet errors. Unlike digital time tracking systems, manual time tracking requires the constant purchase of time cards. The cost of punching cards may be insignificant for smaller businesses, but the expense of purchasing punch cards and ancillary equipment can quickly pile up for larger companies with multiple locations and employees.
Outdated Time Tracking Systems Cost Businesses Thousands of Dollars
On paper, employees should be focused and enveloped in their work, but this isn’t always the case. Employers need assurance that workers are fully engaged and focused on their tasks during work hours. This isn’t possible with the old time tracking systems. Some workers aren’t accountable, and they will spend work hours on non-work related issues which will cost the company in the long run. Many staff members work overtime, and paying extra for overtime can dent your business in the future. Manual time tracking systems encourage overtime miscalculations. With paper timesheets employees can alter and round off time in their favor. According to research, digital time clocks saves your company, at a minimum, around 5% or more in payroll spillage.
The Future of Employee Time Tracking
Online employee time tracking has quickly gained prominence amongst businesses, both big and small. The digital time tracking system is a must-have in your organization if you are looking to increase your employee productivity. With increased efficiency and dependency on automated time tracking, manual supervision will soon become obsolete. Upgrading your time tracking system eliminates the potential for human errors and time theft. With time tracking software like Timeero, there is an increase in productivity and efficiency. Paper-based time tracking will be wiped out in the near future due to its numerous disadvantages.
Lack of change is hazardous for business, so it is important to keep up with competition by automating your time tracking system. Digital time tracking has revolutionized what it means to manage your crew members.