Businesses have always been struggling with managing employee hours. Studies over the internet show that up to 20% of payroll is lost by the company annually due to inaccurate time tracking and time theft. And this is why tech has been leveraged to overcome the issue with maximum efficiency possible.
With the help of modern tools, businesses can now seek help to track their employee hours for 30% more productivity. However, if you have still not been able to leverage technology in your business operations, you must start as soon as possible.
Hence, this guide is going to be the first step for you if you are still not tracking your employee hours. Also, learn about Keeping Your Business and Employees Up to Date by reading this article.
Keep reading.
Time Clock Wizard is the only reliable time clock tracking tool that you are going to need for hour management. The tool offers some reliable and worthy tools that are going to make a difference to your overall experience:
These features are all that make the tool helpful enough.
Before all these tools were on the scene, companies simply relied on basic pen-and-paper to track employee hours. Whereas the new approach comes with quick and precision-led calculations, the traditional approach is more affordable, simple, and easy to understand.
Whereas, the pen-and-paper method comes along with some drawbacks. Since all the operations are done manually, there are high chances of human error and delays that can be avoided. Also, these physical records are difficult to manage and store, while modern digital records can be held more safely and easily.
DID YOU KNOW?
Data entry like hour tracking can have an error rate as high as 4% when done manually.
Manual timesheets are like a step up from the basic pen-and-paper time tracking. Here, a physical timesheet, which is more like a printed Excel sheet, is used to record time manually. These records are regularly maintained by the employees themselves, by recording the time they walk in and out of the premises.
The method follows a pretty simple and basic approach. The sheets are easy to create, follow a simple template, and allow the hour calculation with ease. If you want to record more than just the walk-in and out times, you can also customize the sheet the way that suits you the best. For instance, recording overtime, break times, etc.
If your organization is of a large scale, this might not be the right approach to record times. With more employees, it is better to record time digitally since it can save time, and space, and also give accurate results. Whereas, if your organization is of a small scale, manual timesheets are a great option. Since they offer affordability, ease, and much better organization than the pen-and-paper approach.
Moving further, a kiosk and desktop is the modern way to track all the records accurately. This is a more technical approach to recording time, which comes with the quality of both accuracy and is quick too. The basic difference between kiosk and desktop is that the latter can be used in various operations and offers more diversified operations.
Whereas kiosks are dedicated to serving a single purpose only, that is, to track their time. Being a modern technology-led solution, both options are suitable for firms that operate on a large scale. These machines are quick, handy, easy to use, and offer precise time tracking.
Being such advanced technology, kiosks and desktops also offer some features that you cannot get on more traditional options. Now, tallying hours is no longer a pain for employees as they have got new applications and programs that can do the job for them with ease.
Whether it is about calculating the total overtime done by the employees or managing notifications with the manager, everything has been made easier with the tech innovation. However, that is not it. Apart from a desktop app and a kiosk, the record can now be kept via the mobile app as well.
Mobile apps are probably the most convenient and easiest resource companies could have in their arsenal. They are fast, scalable, and can be operated from anywhere. The following are some points of how they are helping enterprises:
Finally, technology has made employee time tracking pretty easy and accurate. Now, you can use any option between traditional and modern approaches to record your employees’ activities, but you have all the doors open for your convenience.
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