Payroll Management
The Benefits of Automated Timekeeping
Oct 15, 2015
Timekeeping has become an important part of small, mid-sized and growing businesses. Due to the new reporting requirements for 2016, timekeeping is a crucial part of your business and making sure your company stays compliant. Extra Help’s timekeeping solutions can help you track real time employee labor, and their hours. There is also a feature to indicate to employers precisely when part-time employees will cross over a defined period of hours for the week, such as 28 or 30 hours.
Increasing information accuracy and reliability are two reasons why a timekeeping system is installed into any company or business. The reason for this is because an organizations employees are usually its largest expense. Inaccurate timekeeping can lead to costly regulatory compliance issues, among other things. The immediate time savings, as well as bottom-line savings, are the highlighted benefits of time and attendance automation.
Top benefits of a time and attendance system:
- High level of accuracy
- Bottom-line savings
- Increased productivity
- Stronger company culture
- Less work for the HR Department
- Regulatory compliance
- Affordable Care Act Compliance
Top features of time and attendance systems:
- Employee-Self Service – employees are able to request time off, check PTO balances & review time cards
- Mobile app for on-the-go employees and employers
- Easy approval process– employers can approve time and employee time off requests
Today’s business world thrives on convenience and efficiency. There are many ways to track payroll including categorizing by department, location, job, division or customer. Being able to manage your workforce and process data accurately and more efficiently, begins with reliable data. Timekeeping will also help you reduce overtime, and control labor costs. Our time and attendance solutions will be a return on investment and have a positive effect on business results. Our product is simple and is advanced enough to handle a wide range of timekeeping needs.
