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.
In today’s technology-ridden business world, you can’t throw a stone without hitting a dozen different software-as-a-service options that are designed to make your life easier and increase efficiency in the office. With that being the case, how do you sort out the quality services from the bad? Well, it takes a lot of research, which I imagine is why you’re here. Today we’re going to look at what features make a quality Time and Attendance software. But first, let’s make sure we’re all on the same page. Put simply, Time and Attendance software allows you to track and calculate employee time. The specifics behind this can vary widely, as some timekeeping software will sync with your payroll, others will keep you in compliance with overtime requirements, etc. However, there are four primary features that every Time and Attendance software should have: The ability to set up rounding rules and exceptions, simplified scheduling options, informed reporting, and employee self-service. With these four features at your disposal, you’ll be ready to revamp your timekeeping process and simplify your daily workload.
In the past, I’ve shared some tips on how to attract and retain top talent. One of the best ways to do so is by offering benefits. This means not only the required assistance by the government but also those that go beyond that. Some businesses offer benefits because of their state or federal laws such as social security taxes, worker’s compensation, disability insurance, leave benefits, and unemployment insurance. Yes, staying compliant is very important for every company, but going beyond that is what makes your company stand out from the rest. You are not the only company that is working hard to attract and retain top talent, which is why you should go the extra mile to stand out. The following are a few reasons why you should offer additional benefits to your employees.
Companies with engaged employees outperform those without by up to 202% (Source: Gallup). A national study by Dale Carnegie Training placed the number of “fully engaged” employees at 29% and “disengaged” employees at 26%, meaning 71% of employees are not fully engaged or productive. It’s a beneficial trail for companies to recruit, hire and maintain engaged employees. This can be accomplished faster and easier when using Applicant Tracking and Onboarding software. The below flow chart shows you a brief breakdown of how increased employee engagement will ultimately lead to higher levels of profit.
As an employer, you should have a variety of benefits to offer to your employees such as medical insurance, pension plans, retirement plans, PTO, etc. How you administer these benefits can have an impact on your business. Benefits administration is the process of establishing, maintaining, and managing benefits for the employees of an organization. There are many vendors who offer software that assists with the distribution of benefits. Depending on the software’s capabilities, the software can keep track of individual employee data, status, government regulations, and much more. When looking for a benefits administration software vendor to partner with, there are some features you should look out for because after all, you want a software that will make your processes more efficient, save money on benefits costs, and help with compliance.
Recruiting nowadays has become rather difficult. Applicants are very picky when applying to companies as they want the process to be as smooth and easy as possible. Usually, if the application process involves writing a cover letter, creating a profile, or anything other than just filling out a simple application form and submitting a resume, they skip it and move on to the next. These are probably the people you would not want to have working in your company. When a good applicant is searching for a new job and is fully committed to landing one, they will do whatever it takes to stand out from the rest of the applicants and get a job offer. These are the people you want to hire and keep in your company. However, that doesn’t mean your applicants should be jumping through hoops in order to apply. Even the most dedicated candidates can easily get turned off by a poorly designed application process. The following are just a few tips you can follow in order to attract and retain the best talent.
According to the IRS, employers have misclassified millions of employees as independent contractors. While it does happen intentionally from time to time in order to save money, we like to think that more often than not this is done by mistake due to the confusing, somewhat convoluted, differences between the two classifications. The fines for this misclassification can be quite hefty, especially if it looks like it was done intentionally. That is why it’s vital that you are sure whether you have hired an employee or an independent contractor. Listed below are a number of ways you can determine if you have an employer/employee relationship on your hands, or if the person in question is an independent contractor. For all you visual learners, scroll to the bottom to find an infographic that summarizes this information for you!
Previously I have shared with you the benefits of going paperless, or how technology can make your HR department’s life easier. The truth is that doing things the old fashioned way has little to no advantages nowadays, which is why technology has become much more advanced in order to streamline processes. When recruiting, HR departments get swamped with resumes and cover letters, and whether these are paper or electronic, they need to be stored somewhere. Does your company have a central location or database where the HR department can keep the company’s recruitment efforts? If your answer is “no”, then I encourage you to consider getting an ATS, or Applicant Tracking System. An ATS is a software that allows you to handle all of your recruitment needs electronically. It allows recruiters to collect and store candidate data and any other job-related data in order to track and monitor the process each candidate goes through during the hiring process. Having an ATS has many benefits for any company or even small business, and I’d like to share some of those with you.
Are you aware that on average one-third of new hires will leave a job within six months of starting? Of those, 23% leave due to a lack of communication regarding their job responsibilities. Have you noticed similar trends with your business? If so, now is probably a good time to take a good hard look at your onboarding process. What steps have you put in place to help your new employees get acclimated to their new roles? Have you enacted measures to ensure all new hire paperwork is processed and filed quickly and efficiently? In this blog post, I want to demonstrate how a solid Onboarding process can not only simplify the life of your hiring manager but also set up your new employees for success right off the bat.
Did you know there are different types of Human Resources Management Systems (HRMS)?There are multiple acronyms used to describe HR software solutions, such as HRM (Human Resource Management), TMS (Talent Management System), ATS (Applicant Tracking System, but the most commonly used are HRIS (Human Resource Information System), HCM (Human Capital Management), and HRMS (Human Resource Management System). Whatever acronym you choose to use, there really isn’t much of a difference. It all depends on the scope of what the system can do. Obviously, the needs of a small start-up company will be different than for a multi-billion dollar company. According to betterbuys.com, the real concern for the different terms is among vendors fighting for search engine optimization (SEO).