We often measure productivity in terms of time, particularly when it comes to time spent at work. Central to employee productivity and company profitability is employee time management. We have many names for time tracking tools: timeclock, timesheet, timecard, time card calculator, time and labor systems, automated timekeeping, time and attendance… and the list goes on. But more importantly, regardless of what it’s called, there are many crucial benefits employers gain from adopting current technologies to automate timesheet tracking.
Key benefits include:
- Reduce the cost of wages and overtime each period
- Minimize time theft and time fraud
- Reduce hours of administration for supervisors and HR
- Minimize compliance risk and liability with state and federal labor laws
- Increase employee productivity
- Improve supervisor visibility, reporting and labor planning
Why an Automated Timesheet Calculator?
The benefits listed above are not trivial for business owners. In fact, they are highly valuable and influential to the bottom line! The importance of calculating hours accurately through automation can’t be stressed enough.
If you’re currently using paper timesheets, spreadsheets, or standard set scheduled hours to pay employees, please pause and rethink this process. If you’re estimating or approximating employee time, again, please take a pause. Not only does this create countless hours of additional administration for HR and supervisors, but it also exposes your company to compliance risk and significantly overpaying wages.
Today’s automated timesheet solutions are simple to implement and use, and are very affordable. Most importantly, they drive savings for your organization each pay period.
Time management is critical to any organization, large or small. Contact 941 Timekeeping to learn more about reducing time and labor costs with an automated time card calculator or timesheet solution.