Your people are the foundation, fuel, and future of your company, and keeping track of how and where they spend company time can give HR and payroll departments greater insight into developing better management methods and support for their workers.
An automated time and attendance tracking software platform can help HR professionals improve payroll accuracy, save money, boost morale, and become more efficient overall.
What you should know about time theft
Employee time theft is a serious crime that affects businesses around the country in all sectors. A Kessler International survey revealed nearly 80% of employees participated in time theft, which Kessler defined as spending work hours on personal tasks. One type of time theft that many workers participate in, though they may not recognize it as such, is claiming to have worked longer hours than were actually worked.
Employees accomplish this by either reporting different hours or inadvertently miscalculating how much time was spent in the office or on a project over the course of a particular day. These unintentional inaccuracies often occur for employees who forget to submit time and attendance data punctually.
Attendance tracking software that meets your organization’s needs can help to eliminate and even prevent many, if not most, of the negative aspects of inaccurate and unreliable timekeeping. Maintaining accurate and reliable time and attendance information makes it easier to keep a handle on labor costs, increases the accuracy of payroll, and reduces HR administration . . . thus saving you and your business time.
Benefits of a time and attendance system
A time and attendance system works to combat the scourge of time theft, eliminating the risk of human error (unintentional or otherwise) from the equation. Manually collecting data eats up valuable time and company resources. Implementing automated attendance software ensures your employee labor data is accurate, organized, and comprehensive—all while improving your bottom line.