Why Automation is Crucial in Tracking Employee’s Time and Attendance
An accurate and reliable time and attendance tracking system can help your company move forward and shield you from wage-and-hour lawsuits linked to overtime rule 2016. Some benefits that come with automating your time tracking processes are mentioned on next slides.
Better Payroll Mechanisms
Automated time tracking application keeps track of working hours, and records overtimes against each worker’s individual record. This reduces the likelihood of discrepancies or errors cropping up during the manual calculation of bonuses, wages, and overtime compensations.
Reduction of Costs and Expenditures
Time trucking applications help minimize slum dunk business costs and redundant expenditures by automating various tasks and thus, ease the work for HR departments. It also monitors the productivity of each employee and highlights the areas which fail to produce the expected ROI.
Legal Compliance
Automation will keep your company operations on the right track and in conformity with the FLSA regulations and the new overtime rules. Time tracking software not only checks and identifies any potential overtime rule violation but also helps you run and amend your labor procedures accordingly, to avoid any unnecessary lawsuits.
Audit Trail
If a worker reports your company for not following any of the overtime rules 2016, the Department of Labor (DOL) will most likely try to audit your business. Fortunately, if you use a time and attendance software in your organization, this wouldn’t be a big problem since you can retrieve the necessary documentation from your time tracking system, to prove your innocence.
Avoid Timesheet Rounding
A time tracking system puts a stop to timesheet rounding, which usually happens unknowingly but obviously falls in the worker’s favor. Timesheet rounding happens about ten minutes per shift and per employee, according to the American Payroll Association.
Efficient Planning and Shift Management
A company with a large employee base, particularly in the production and industrial sector, needs an effective, efficient and reliable shift management program. This is necessary for keeping the production cycle in a steady spin for the purposes of meeting your targets.
Contact us for Time and Attendance Tracking Solutions!!
Website - https://www.accountsight.com Email ID - info@accountsight.com Phone No - (408) 560-3900
Source - https://www.accountsight.com/blog_detail/Overtime-Rules-and-How-Automation-Helps-During-Time-Tracking/