The employees in an organisation are its lifeblood and are considered an asset. But if not managed properly, they can also be the company’s biggest expense. To that end, time and attendance software are prevalent these days.
Gone are the days when manual tracking systems worked. They are less effective, less accurate, and take much effort and time. Meanwhile, monitoring staff attendance and time logs are two of the most complex challenges in a company. As stats show, a whopping 75% of businesses have issues regarding time theft, and it’s a lot. However, they are easy to counter with an efficient time and attendance system.
Why Every Organisation Should Track Time and Attendance
Are you still stuck with the obsolete ways to maintain employees’ attendance? Are you not sure what benefits you can reap by implementing a time and attendance system for your company? If yes, look at how a time & attendance management system can bring a difference in the practice of operating your business.
1. Encourages Accountability Among Employees:
From taking a long lunch break to clocking in for a friend when they’re late at work, everything comes under time theft. Whether deliberate or innocent, time theft can cost a lot to the company. But an automated time and attendance system prevents it altogether. Further, it encourages employees to be wary of their performance and helps keep track of their attendance. It creates a sense of accountability among employees and improves work efficiency.
2. Eliminates Human Error:
Are you using a time card system to record attendance and the time of employees’ work? Then you must know that mistakes are bound to happen.
Every manual system is prone to mistakes and mismanagement. In fact, human errors are more common when recording time and attendance daily, and such errors can lead to employers over or underpaying employees. In both scenarios, it’s bad for the organisation.
3. Reduces Time Spent on Communication:
The HR department and managers spend considerable time communicating with the employees about shifts, leaves and vacations. Meanwhile, a sophisticated time & attendance system let them easily see their shift timings and upcoming holiday details.
It can end all unnecessary emails and then enter the loop of miscommunications. With the correct system implemented, the employer can get quick access to leave requests, overtime demands, shift details, and so on with less communication.
4. Cost-Effective Method:
Eliminating human error and time theft coupled with enhanced productivity, using time and attendance software directly leads to savings. Automated time & attendance tracking reduces the risk of errors and saves resources. Likewise, many organisations save significant money by implementing a technology-driven attendance management system.
5. Tracks Remote Time And Attendance:
As businesses shift toward remote work, having a reliable time and attendance in place can save a lot of hassles and future disputes. More than ever, remote time & attendance tracking is an essential part of the business milieu. Such software allows employees to complete their duties efficiently and quickly, even remotely.
Installing time and attendance software allow the organisation to overcome the challenges of time theft, absenteeism, inaccurate clock-outs, etc. In turn, you can focus on turning your company’s vision and mission into a reality. Additionally, it does not just help the organisation streamline its process and save time; it also provides the employees with an intelligent tool to record details efficiently and save time. The result? It leads to an easy and smooth workflow.