New on Thursday, September 27th
Next Thursday evening, Dominion will be releasing some improvements to the software that will help further streamline your payroll and HR processes. Please read on so you are fully aware of these updates.
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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.
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If you’re reading this blog, it’s probably safe to say you have at least a few hourly employees within your company and it’s your job to calculate their time cards by hand. What’s more, you probably spend a decent amount of time worrying about those hourly employees receiving excessive overtime. After all, the Fair Labor Standards Act (FLSA) states that employees must receive overtime pay of at least one and a half times regular pay for an excess of 40 hours worked in a workweek. This can really add up in the long run financially, especially if your employees abuse the system. What’s more, there are certain laws and regulations that must be met when it comes to tracking your employees’ overtime pay, so you have to have records of all your employee time and attendance.
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There are a number of factors that contribute to a truly successful business, which is why it’s important to re-evaluate your processes from time to time. You know all too well how important it is to keep paperwork organized, track your employee’s time and attendance, maintain constant communication, and measure the success of your organization, all the while ensuring your clients are happy and satisfied with the product or services they receive. However, you don’t have to do this all on your own.
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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?
Tips and Tools Every HR Professional Should Know About:
Recruiting | Applicant Tracking System
Retention | Onboarding Software
Payroll | Online Payroll Software
Time & Attendance | Time & Attendance Software
Did you just open a new business? Perhaps you just started a new role at a company in the HR department. Whatever the case may be, it is a known fact that any HR role comes with a lot of stress and time-consuming tasks such as recruiting, onboarding, compensating employees, approving time off requests, maintaining policies and records, ensuring compliance, handling employee concerns and so on. All these tasks are important and there is no way around them, but luckily, there are ways to make those tasks easier and streamline your processes.
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How many employees do you manage? Do you have a hard time creating schedules to make everyone happy?Your employees might be juggling school, families, additional jobs, and other things that they are trying to fit into their schedule. As a manager, it is your job to create a schedule that not only works for you but also your employees. Although it can be hard to achieve the perfect schedule, it is possible. Whether you use a scheduling app or stick to the old pen and paper method, there are tips that can help make scheduling easier for both you and your employees.
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According to a survey conducted by Wasp Buzz, 80% of workers have admitted to being guilty of time theft. This is an alarming percentage, and chances are your company is a victim. Although completely eliminating time theft is impossible, there are ways to avoid it, or even reduce it. 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 by businesses every year. The best solution to this problem is to switch to an automated time and attendance tracking system. A good automated time and attendance software is designed to flow directly into payroll, eliminating the need for double data entry. According to the American 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 advantages of switching to an automated time and attendance software? Read on.
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