The Benefits of Accurately Tracking Employee Time & Attendance

The Benefits of Accurately Tracking Employee Time & Attendance

Tracking employee time and attendance sometimes gets left by the wayside as company’s focus their energies on other aspects of their business that they deem more important. And, as technology continues to change the way we do business, time and attendance can seem like an old-fashioned system, at least for those who haven’t yet explored the many new ways of tracking the hours their employees are working. No longer consisting of paper time cards and making ‘buddy punching’ virtually impossible, automated systems that use time and attendance software can help you track your employees time, and make your workplace a more productive and efficient one for everyone.

Below are just some of the advantages of upgrading your old time and tracking system to an automated one, and for even better results, why not outsource this element along with your payroll, for a smoother, more rounded experience? ●

You’ll devote less time to payroll

Of course, if you choose to outsource payroll, you won’t have to spend any time on it! But switching to an automated time and attendance system, you can cut the time typically spent on calculating payroll, by as much as 70% every month.

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Put a stop to time theft

While you might not think that buddy punching is a serious crime, over time, this form of theft can cause a business to lose money. With an automated system, however, you can put an end to all types of time theft, for good. ●

Eliminate human error

All it takes is one misplaced digit or decimal, and you could create an accounting error that has a negative impact on your businesses bottom line. Automated attendance systems virtually eliminate this risk.

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Keep your employees informed

If you invest in a quality time and attendance tracking system, or work with an agency who use one, you can allow your employees to view their attendance records whenever they wish, and help them get a better picture of how they’re using their time while at work. ●

You can be compliant at all times

The Fair Labor Standards Act regulates overtime pay and record keeping, among others, and having an accurate, automated tracking system can help you avoid future lawsuits and stay on the right side of state and federal labor laws.

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Automated systems can grow with your business

As you expand and take on more employees, you want a time and attendance system that can grow with you, and it pays to have this set up and put in place while your business is still in its early stages.

There are many more advantages to embracing technology and upgrading to an automated time and attendance tracking system (or using the services of a payroll provider who will take care of it for you), but we hope that the above mentioned are enough to make you think twice about your antiquated system, and encourage you to make the switch.

Apollo Payroll is one of the premier small business payroll companies in Miami Beach and Coral Gables. Apollo Payroll is dedicated to delivering expert advice, responsive service, and highly accurate payroll processing and reporting to ensure the success and growth of the business that we serve. Our services include comprehensive payroll service in Miami and other cities in Miami-Dade County, employee background check and group health insurance in Coral Gables & Miami.