Time Tracking Software | 5 Reasons Your Business Needs It
Business owners have long struggled with the problems that traditional time tracking brings.
It's labor intensive and prone to error - especially when traditional methods of time tracking aren't tailored for certain businesses, like retail, restaurants, or companies that require multiple punch in's a day.
Businesses are ready for a better solution. Something that helps them save time on the back end, while saving money on the bottom line.
Here are 5 reasons why it's worth adopting time tracking software for your business.
You'll be amazed at what it can bring to your day to day operations and company growth!
What is time tracking software?
Time tracking software, is also known as time clock software, time attendance software, or employee time tracking can have slightly different definitions depending on the industry; however, in this case we are referring to the time tracking software that allows your employees to clock in, using a code - or - facial recognition technology.
This technology allows business owners to keep an eye on employee hours, without having to do any manual tasks. Due to innovative features like facial recognition, and automation rules - now more than ever before business owners have control over their labor costs. Here is how it can help.
1 - It will save you time and money, with improved accuracy.
Automating the process of manually tracking employee hours eliminates another avenue for human error and saves your managers from having to manually approve or process each employee.
Any good time tracking or time clock software should also perform convenient tasks for you, like automatically deducting breaks or flagging overtime hours.
Flagging overtime hours, or ensuring employees go on breaks will save you money on payroll, and could also save you money on a lawsuit - as it allows you to adhere to labor laws with little to no resistance.
As we previously mentioned - one of the most important features any time tracking software should have is the ability to streamline clocked hours to payroll. This means you no longer have to manually run any payroll calculations, and there is no chance your employee hourly labor will be off.
This can be done by using an integrated software solution, that allows you to integrate your time tracking, POS and payroll software systems together.
2 - It will solve common clock-in issues.
Time tracking software can solve problems like buddy-punching by adding an authentication step to the process, such as taking a picture during each clock-in, and using facial recognition technology to verify the identity of the employee clocking in.
Camera clock-ins are also a great way to ensure employees are uniform ready for each shift; plus you'll only pay them for their time working, since they can't fake their face.
Setting up clock rules is another a method time tracking software provides that will allow you to automatically handle early clock-ins or late clock-outs the way you want.
Meaning, you adjust them manually - or automate your clock adjustment process - providing you with more time savings all around.
3 - You can easily audit clock-ins.
Look for time clock software that comes with powerful reporting solutions. This will make analyzing clock discrepancies significantly easier. Managers can easily monitor missed, or overlapping clock-ins, and compare the clocks to the scheduled shift if the occasion arises.
4 - It allows for flexible clock-in methods.
Traditional old school time tracking software require you to maintain hardware like punch card machines and card scanners. The maintenance on these types of hardware can be expensive; and when they break, you'll likely be resorting back to pen and paper tracking.
Instead opt for a time tracking solution that can run on any tablet - which can be affordably purchased and easy to maintain.
Some time clock solutions also allow employees to clock-in via an application they can install on their own phones.
Others, like Push, allow you to integrate your time tracking software with your existing POS software, directly integrating your time tracking into your system for the ability to run sales vs labor reports - and streamline to payroll.
5 -You can open new communication channels.
Some time tracking, time clock solutions allow managers to broadcast messages to staff as they clock in; and allow employees to send messages during clock out as well.
This gives managers and employees new ways to communicate and provides another opportunity to gather data that could not be previously done with traditional means.
By reducing time-consuming processes, and adding value via innovative features, the adoption of a time tracking software could significantly improve your business operations.
In the same breath, this software also allows you to setup customized surveys and survey questions for employees. Ensure that employees sign off on laws and regulations, such as labor compliance, breaks, or questions related to their age, wellbeing, or licences.
If you want to save time and money in your business, you should consider using time tracking software, learn more by booking a demo with Push.
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