Why Time and Attendance Tracking is Important for Your Business

Time and attendance tracking helps businesses record the number of hours an employee has worked. Good attendance and punctuality deserves to be rewarded by ensuring that employees are accurately compensated for their time. Online technological advancements have led to many businesses using cloud based software solutions for automatic and accurate time and attendance tracking. Whether using manual machines or software solutions to track time and attendance, there are benefits to doing so that we will look at below.

Problematic Employee Attendance and Absence Patterns Can Be Spotted Early On

Time and attendance software can be incredibly useful in revealing problematic employee behaviours and habits. For example, they can help you see which employees are regularly missing work or arriving at work late, or regularly working late. Cloud attendance software can ensure you have the data at hand if you need to talk to an employee to find out what is going on, so you can work with them to help correct their attendance behaviour. The clocking data is always available to your business when using a cloud-based time and attendance system, as the data is stored on a cloud server, ensuring that key people have access to it whenever they wish.

Additionally, businesses can also increase employee engagement using time and attendance software UK. Research shows that people who know that their attendance and punctuality are being monitored tend to be more engaged and therefore more productive.

Optimise Productivity

Time and attendance systems UK generate reports that can give you an insight into how engaged your employees are. You will have an insight into whether the correct number of contractual hours have been achieved as well as any additional overtime worked. By knowing how much contractual and extra time individual employees have fulfilled, can help you find areas in need of improvement to help increase business productivity. Managers and supervisors can also use the clocking data to pinpoint absenteeism and lateness that may be hampering productivity and overall employee morale.

They Help Businesses Identify Time Drains

Time drains are things that employees do, or that happen in the business that do not benefit it. Examples of time drains include low-value tasks, bloated processes and unproductive patterns. Working on low-value tasks might seem important for the business and employees, but they typically produce very little value.

Bloated processes cause tasks and projects to take too much time, which leads to time, energy and money wastage. Unproductive patterns are behaviours employees engage in that lead to reduced productivity. For example, many employees take to long on lunch and coffee breaks.  This is a bad habit that can be identified by looking at the reports from time tracking software.

Time and attendance tracking software can help businesses keep an eye on employee attendance, behaviours, how long they take on unsupervised breaks and other metrics important for the business.

Accurate Payroll Hours Tracking

The right time tracking solution can help a business track payroll hours accurately, this is very important as wages have a big effect on your business’s profit margin. Businesses have to ensure they are being paid for time spent working on projects, and they need to do so accurately for their employees, too. Time tracking helps stop overpayment by clients and underpayment to employees. Businesses can also use it to analyse how profitable certain projects are and to estimate the cost of future projects.