Whether you’re running a healthcare business or a retailer, one thing remains the same: your employees’ time. You need to ensure that everyone is where they should be and that time isn’t being wasted. However, without being digitized, time can be hard to track.
When you are putting in the extra hours to complete your tasks, you could be spending surplus money on employees slacking off early or arriving a lot later than you thought (or that they told you they were).
You can’t always be sure that your staff aren’t committing buddy punching and time theft. Therefore, many businesses are looking towards digital options to ensure that their employees are on-time and in the right place when clocking in and out.
We’ve sat down with the professionals to provide you with the benefits of time tracking for your business.
4 Benefits of Tracking Employees’ Time
1. Increase Profits
At the end of the day, your main goal is to increase your bottom line. Time tracking can be a complicated process when you aren’t digitized. This is because filling out timesheets can be a lengthy task. You may find that you and your staff disagree on how long projects took to complete.
Once you digitize your company, you no longer face these issues as everything is recorded automatically. You can easily view your digital timesheets. Hence, you can make decisions based on facts rather than guesstimating.
As you have data regarding the time taken to complete tasks you can estimate much more accurately, improving your budget and therefore increasing in profits. You are able to provide your customers with the exact amount of hours as your timesheet has all the information you need.
2. Accurate Payroll
Payroll can be quite a daunting task at the ebay of times, and even more so when you use manual methods to calculate it. You may end up having to pay for more hours than your staff actually worked. Often this is a result of workers claiming they worked eight hours when you’ve scribbled down that they worked seven hours. The difference can be hard to prove, and most times you think the difference might be ‘only’ one hour. Nonetheless, you are paying out of your pocket for the extra hour here and there…which massively adds up – and costs you – over time.
3. Employee Time Tracking App
If you are done with traditional methods and looking for an app that will ease you into the modern era, then Connecteam is for you. The user-friendly employee time tracking app has everything you need to help run your business more efficiently and effectively.
Clocking in and out is done via an employee’s smartphone or mobile device. With the GPS geofencing feature, you can assign geographic locations that your employees must clock in and out from. For example, if your site is located at point X, employees can only clock in and from that point.
By setting a geofence, you can ensure that employees clock in on time and receive payment for the hours completed on site. The GPS geofencing has added GPS breadcrumbs, which allows you to see your employees on the move throughout the day. The graphic image provides you with data regarding the locations visited along with your employee’s workday.
With the data collected, you can guarantee employees have been where they are supposed to be. Therefore, you no longer need to worry about possible time theft and buddy punching.
With the advanced technology of the time clock, payroll issues are no longer a thing. This is due to:
- The seamless Quickbooks Online integration – your employees only need to clock in and out, and the data is sent straight to Quickbooks for easy payroll!
- Employees receive reminders to clock in and out
- Employees are notified when they reach their maximum working hours limit
- You can lock the timesheet at the end of the workday to prevent changes without permission
Connecteam even has a kiosk app for those with a business that require all employees to work at the same site. Employees arrive and clock in and out via the tablet which is set in a designated area. Users use their unique passcode to clock in.
We’ve only highlighted a few of the things that Connecteam is capable of. Connecteam has so much more to offer, such as task management, engagement opportunities, chat, advanced scheduling, and more.
4. Set Goals
When you track time efficiently you can begin to make clear deadlines over how long tasks should take to complete. By tracking time every member of your team knows exactly what to do and what is expected of them.
The Final Say on Time Tracking
Time tracking is important and optimizes all areas of your business. It aids you in understanding the length of time projects take to complete, along with budgeting correctly and most importantly getting the best out of your employees. What’s more, you cut out any unpleasant discussions over payroll as everything is streamlined.
Time tracking reduces the time it takes to coordinate your team, conduct payroll, etc. It allows you to get back to what’s really important, growing your business.
Source: TG Daily – The 4 Benefits of Tracking Employees’ Time