Reporting is a heavy responsibility that keeps many HR executives awake at night. In fact, one of the greatest pain points in the industry is the manual capture and reporting of employee hours, and the time and effort constraints it places on the business. When you handle timesheets manually, it’s easy to forget entries and make costly errors. Inaccurate payroll and compliance risks are a real threat and can lead to punitive fines.
Faster Approvals, Automatic Reminders
Now it’s possible to take a break from timesheets, punch cards, and exhausting afternoons calculating your employees’ hours. With the latest time and attendance software, staff can edit their hours, and track hourly rates, expenses, and overtime. They can even confirm punch-in punch-out attendance directly on their phone. Managers are equipped to approve timesheets with just a couple of clicks, keeping up to date with automatic reminders.
When teams can track time-based on billable or non-billable hours, it’s easier to precisely estimate the total cost of any project that involves hourly employees. On top of that, HR teams can have scheduling reports with custom filters sent to them on a regular basis. They can avoid understaffing thanks to time-off reports (based on customized time-off policies), and quickly spot employee utilization trends.
Weekly hours limits are a good example of employee utilization. It becomes clear when co-workers are overloaded and struggling to fill their time.
Productivity and Transparency
With an online time and attendance tracking system, employees become more accountable for their time and ultimately their paycheck. They’ve been around for a few years now, but what’s new is their granularity and improved sophistication. A wide range of options is available to ease your monthly, quarterly, and yearly reporting duties. The tools are also simpler than ever when it comes to scheduling, compilation, and delivery.
Today it’s possible to do away with papers, timecards, and spreadsheets altogether. Employees are freed up to concentrate on the more productive aspects of their job; some HR departments have been able to reduce the time spent on time tracking by more than 75%. For the first time, managers can benefit from a