Today’s human resources professionals face a world of increasing government regulations and oversight, lawsuits from disgruntled employees, and the need to maximize workforce efficiency. In this environment, accurate tracking of employee time and attendance has become more important than ever. If you’re still performing this essential task with pencil and paper, you’re missing out on a golden opportunity to lower administrative costs and improve workforce efficiency. You’re also putting your bottom line at risk through potential fines and penalties resulting from incorrect time and attendance record keeping.
To respond to these challenges, smart companies are turning to technology to manage their time and attendance processes more effectively. Specifically, they are using sophisticated software programs streamline the process by automating everything from capturing employee time on the job to processing payroll, HR compliance and more. With the right automated system in place, today’s can companies enjoy a number of advantages that lower administrative costs while improving staff productivity. These include:
- Accurate capture of employee hours on the job
- Elimination of buddy punching and other forms of time theft
- Prevention of human error that occurs with manual bookkeeping
- Easily to keep employees informed of their time and attendance
- Improved compliance with state and federal regulations
- Creation of a central time and attendance database that can be used throughout the business
- Up to 5% lower payroll costs
When implementing a new software program, especially one that will impact most areas of the business, there’s a right way and a wrong way to do things. Adopting the following best practices before, during and after the implementation process will get your new system up and running quickly while producing the best return on your investment.