One of the most significant pain points is tracking employee hours and processing payroll when you’re running a business. You can’t do this by hand – unless you’re a small company whose employees all have time clocks. And, keeping up with the hundreds of employees is not always an enjoyable task. You may be wondering how to make this process easier—the answer is a time clock and payroll software.
Online time clock software will save you money by eliminating manual data entry. Rather than spending time entering employee hours and analyzing them manually, this software will do this for you. You can then generate your payroll more efficiently and avoid data entry mistakes. In this article, we’ll be diving deeper into the benefits of integrating your time clock and payroll software.
Reduce Chances of Data Entry Errors
If you’re still using an old timesheet management system for your business, then you likely are facing a few problems—including inaccurate time tracking. Although it may be working, for now, it’s likely causing you more stress than it’s worth.
Online timesheet software is an essential part of the timekeeping process in many businesses. It not only helps you automate time tracking to get more accurate data, but it can also save you a lot of time compared to manual entry. Furthermore, employees will appreciate the on-demand access to employment and work hours information.
Stay Compliant With Labor Laws
Labor law violations are no joke—they can lead to significant fines, lawsuits and not to mention the impact on:
- Employee morale
- Your business reputation
- Hiring capabilities
All of which directly negatively hinder the profitability, and ultimately, the success of your business. This is where the time clock and payroll software come in to help!
With the time and attendance app, you can ensure that employee records are accurate, breaks are taken, and employees are getting proper rest between shifts. All of this data is logged so that if you do get audited, it’s easily retrievable from any internet-connected device.
Improve Employee Relations
Many businesses struggle with balancing the employee-employer relationship. They have to ensure that they’re meeting their optional demands while taking into account employee needs. The good news is that employee needs, for the most part, are pretty simple—they want to work and get paid for every minute spent on the clock.
You can automatically transfer employee time tracking data to your payroll for processing using the time clock and payroll software. Because there is no need for data entry, you can ensure that employees’ work hours and paychecks are correct.
Save Time & Money
Time is one of the most precious resources for businesses and often the most difficult to manage. The margins are razor-thin, and every minute counts. This is why investing in time clock software will pay off with measurable returns.
Using an online timecard system will allow managers to calculate the costs of time spent on different tasks and make the best decisions for the business. As a result, you will be able to keep a more accurate track of your employees’ time, which in turn will improve productivity and efficiency and reduce your labor budget.
The fact is, a time clock isn’t just another piece of software; it’s a critical piece of the payroll puzzle. Not only will it save your business money, but it will also improve your employees’ satisfaction.
By integrating your time clock and payroll software, you can ensure that your timesheets are accurate and your staff is happy. You’ll also be able to save your clients time and money by eliminating errors in time entry and improving your budget.