For every organization it is very vital to continually look for ways & implement strategies to improve and maximize business efficiencies. In day to day life, we could see organization’s which computerize and automate key human resource activities gets significant improvements in productivity. Likewise organizations that implement time & attendance system to enable workforce comply with wage-and-hour regulations are able to enhance efficiency and save money.
Statistics disclose that inaccuracy in payroll calculation alone makes up for a minimum loss of up to 6% of costs. Instead of doing things the way they were done earlier, Automating Time & Attendance processes with biometric devices will immediately help your organization reduce labor costs, additionally will make you free from the routine task of tracking employees work time in timesheets, freeing up managers valid time that would otherwise be spent on dealing with challenges at work. Salary overpayments, time theft, human error, non-compliance to company leave policy etc which are “hidden” costs to the organization can be eliminated.
Integration of Time & Attendance system to keep track of employee attendance accurately against the approved leaves & allocated shifts will improve accuracy and will save time & avoid discrepancies at time of payment. With time & attendance system in place employees will come to know that they are being monitored and will not get away with long breaks or early departures. Great level of insight is possible with Automated Time and Attendance tracking reports. Having this system configured as per business policy will eliminate human errors, compliance violations, time theft, and other time-related issues that lead to revenue leakage. Productivity will automatically increase as the process configured increases accountability & transparency.
With Timecheck, time &attendance tracking software in place organizations can streamline the payroll process and provide HR managers with timely labor data to more effectively manage their workforce and increase overall productivity.