As a business owner or Human Resource manager, you should always see your workforce as an essential asset. Therefore, you have the right to know when your employees are coming to work—are they late or absent for personal reasons? Given these circumstances, there’s no doubt that attendance and time tracking are crucial for effective employee management.
Continue reading this article to know more about the importance of tracking time and attendance in the workplace.
Spend Less Time On Payroll
Preparation
Tracking employees’ time and attendance can be of
great help to your payroll department. Instead of manually recording and
consolidating the time spent by your employees, you can look into an innovative
solution like an attendance
software to take care of the tasks for you and your payroll team. As a
result, they can spend less time on payroll preparation every month, focus more
on their other jobs, and improve your company’s overall productivity.
Give An Accurate Picture Of The Labor Costs
When
you monitor your employees’ attendance, you can improve the accuracy of your
labor costs in a way that they’re only paid for the time they’ve spent working.
This means that tracking time and attendance in the workplace can prevent
situations wherein some employees will come to work late and vacate the
workplace early but still receive their pay without deductions.
Thanks to an attendance tracking system, you’ll not only save money due to unforeseen errors, but you’ll also maintain the accuracy of your payroll records.
Prevent Lawsuits Against The Company
Generally, the salary computations are based on the time your employees have worked on. That’s why if you don’t have a reliable attendance and time tracking system, you might face legal problems. Remember, failure to pay your employees with the right amount of remuneration can expose your business to lawsuits.
So, it’s essential to track attendance through the use of software to ensure you can present proof that you compensate workers for hours spent on working. The electronic records generated from the system can serve as evidence for their payment.
Streamline Storage Of
Data
Most attendance and time tracking systems allow you and
your employees to access their own accounts without the risks of exposing your
sensitive information to other people. Therefore, if you want to make your
workers’ personal information confidential, then tracking time and attendance
through innovative software is extremely important.
Aside from the accuracy of records, you’re also able to simplify data by keeping track of your employees’ attendance.
Boost Employee Morale
By
tracking attendance and time in the workplace, you’re able to deal with some
staffing issues properly. For instance, you might have a few employees who come
to the office late and force their colleagues to cover up for their duties. As a
result, other employees might feel that the management isn’t doing anything to
stop the problem. Plus, the more they have that negative feeling, the more they
become unsatisfied with their work.
Thus, it’s crucial to implement an effective way of monitoring your employees’ attendance. You’ll not only increase their morale but also promote a culture of punctuality among them at work.
Can Time In And
Out Without Any Paperwork
In addition to lesser time spent on
payroll preparation, tracking time and attendance is also important because it
allows you to get rid of any paperwork. From the new hire documents to your
employees’ time cards, you and your HR team will have a lot of papers on your
table. This scenario, for instance, can reduce the determination and
productivity of your HR employees.
To avoid this situation, keeping track of your employees’ attendance through an automated system can be an excellent idea. With reliable software, your workers can time in and out without dealing with any paperwork or time cards. The system can store all the data and generate it during payroll preparation.
Allow Employees To Be
Informed About Their Time Records
When you track your workers’
attendance, you can allow your employees to access and monitor their
time-schedule on their own, and how it can impact their work performance. For
instance, if you want one of your employees to know how well they’re using their
work time, you can use the electronic records generated from the tracking system
to keep them informed.
Doing so can also help you handle an employee’s attendance problems efficiently. Moreover, the insight you gain from attendance tracking can go a long way in helping eliminate inefficiencies and other productivity issues.
Final
Thoughts
Considering the reasons above, there’s no question
about how essential it is to track the attendance and time of your employees in
the workplace. With the advent of technological advancements these days, there’s
no reason to stay in the past. Instead, prepare for the future by upgrading to
high-quality attendance software, and you’ll see the benefits of tracked time
schedules.