Did you know that nearly half of employees commit time theft in one form or another? According to a survey created by Software Advice, 43% of employees accept pay for time that they have not actually worked. Because of this, organizations are losing over $400 billion annually in lost productivity. Of the hourly workers surveyed in this study, not only did 43% of them admit to exaggerating the amount of time they’ve worked during their shifts, but 25% also said they reported more hours than they actually worked on their timesheets almost 100% of the time. However, only 3% of employees surveyed said they committed time theft by using their biometric time clocks. This is a great statistic to keep in mind as you evaluate your timekeeping process.

How to Establish a "Perfect" Time and Attendance Policy

Absenteeism in the workplace is a real issue and it has become a major problem over the past few years. There are three different types of absences that can potentially impact your business: scheduled, unscheduled, and partial shift absences. Scheduled absences consist of vacation or personal time, such as PTO. Unscheduled absences include sick days, disability, and Worker’s Compensation leave. Lastly, partial shift absences are when a worker arrives late at work, takes longer breaks than allowed, or leaves early. There are different causes for absenteeism, some an employer can control such as bullying and/or harassment in the workplace or employee burnout and there are others that cannot be controlled by an employer such as bad weather, childcare, or even job hunting. Whatever the case may be, employers should be aware of how often their employees are absent from work without a valid reason. Being proactive about managing attendance and talking to those employees that miss work often is a good start, but having a perfect (or almost perfect) time and attendance policy is imperative. If you don’t already have one in place or are thinking about making your current time and attendance policy better, consider the following.

How to Set Up a Time and Attendance System for Your New Business

Did you just start a business or are you thinking about it? As you think about what talent you want to hire, you should also think about how you plan on tracking the hours they work. Time and attendance tracking is a key component of any business, as there are many aspects to it. One of them is that accurate time tracking ensures that payroll is processed quickly and it guarantees that policies and regulations are enforced. There are many different methods of tracking time and attendance, and it’s up to you to choose which method suits your business the best. Paper forms, punch cards, biometric time clocks, and online web portals are a few examples of these methods, and each method has its own pros and cons. Since we live in such a technology-driven world, paper forms and paper time cards are becoming more and more uncommon due to cloud-based time and attendance systems and biometric time clocks. The truth is that automated time and attendance has been proven to be the best option for any business, so it is highly recommended. With an automated, cloud-based time and attendance system you avoid manual calculations, save time and money, stay compliant, and even reduce absenteeism. All this will in return help your bottom line. So how do you go about setting up a time and attendance system for your business?

The Risk of Using Paper Time Cards & How to Replace Them

It is 2017 and surprisingly, some businesses still rely on paper time sheets for their employees to track the hours they work. There have been many studies that show the risks of using these, but for some reason, some businesses are still doing so. I am here to reiterate how risky it is for your business to use paper time cards, and what you should replace them with. The truth is that there is technology to make the life of HR staff easier, particularly in the area of time and attendance. Your HR staff should be able to focus on more important tasks rather than have to spend hours deciphering time cards and manually entering the data into a software. There are ways to track employee hours without having to do all this. The following are a some of the main risks of using paper timesheets.

3 Ways Time & Attendance Can Help Your Business Grow

By now you may have noticed that I write a lot of blogs about how having a time and attendance software can make your life at work easier. Today, I want to tell you how a Time & Attendance software can help your business grow.

How to Reduce Absenteeism in the Workplace by Implementing a Point System

It is a known fact that absenteeism has a big effect on your bottom line, so controlling it has become a priority for employers. There are many reasons why employees may be absent from work or even late; sickness, death in the family, accident, jury duty, etc. No matter what the reason is, it should be communicated to management with enough time to allow them to find a replacement or prepare for the days the employee will miss accordingly. To control this, some companies opt for points & incidents. Having an advanced point system will allow you to address attendance issues, reward and/or deduct points, and enforce your company policies. If you already use a cloud-based Time & Attendance software, then your points should automatically flow into your system. The following are some ways that points & incidents can help you reduce absenteeism in the workplace.

5 Time Tracking Methods Rated

There are many ways of setting up an employee for time and attendance. Some are better than others, but in reality, they all work to achieve the same goal: track an employee’s time and attendance. Simply put, time tracking is the measurement and documentation of hours worked. Like mentioned before, there are some ways that work better than others. Using technology allows us to save time and be more efficient, and luckily, there are many ways technology can help us track employee time and attendance. The following are some ways of time tracking that I have rated from least effective, to most effective.

Top Reasons Why You Should Switch to an Automated Time and Attendance Software

Tracking your employees’ hours is very important. It offers employers many benefits such as easier, faster, and more accurate payroll processing, more efficient work administrations, better record keeping, and more. According to Wasp Buzz, a survey revealed that 80% of workers admitted to time theft. This is because not using the proper time tracking systems, like using paper time cards, for instance, can lead to “buddy punching”, which contributes to thousands of dollars being lost each year by businesses. The best solution to this problem is to switch to an automated time and attendance tracking system. According to the A merican Payroll Association (APA), 65% of the organizations surveyed said they were either in the process of switching to, or already used, an automated time and attendance software to track their employees’ hours. So what are the benefits of switching to an automated time and attendance software? I’ll tell you.