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.
As you may already know, there are many different types of payroll processing: ranging from in-house to outsourcing, to even using a CPA. You’ve probably have heard of many different payroll service companies, but do you know exactly what they do and what they offer? Just like their name suggests, payroll companies ensure that employees are paid on time and that all of the employers stay compliant. Obviously, payroll is more than just writing checks, and a good payroll company will offer more than just that. Depending on the size of the company and the software’s capabilities, there are a variety of different things that payroll companies do for their customers.
Have you ever stopped and thought about all the manual processes you do every day? Whether it be washing dishes, or mowing the lawn, our days are full of tedious, manual work. There are some things that have probably become ‘automatic’ to some extent, for example, tying your shoes. You know in order to get out the door you need to put your shoes on and tie them, but the task has become monotonous to say the least. For other manual processes it makes sense to automate in order to increase efficiency and cut down on the energy it takes to complete the process. One thing we see a lot in the payroll, HR, and timekeeping industries is payroll and HR professionals manually calculating time cards.
This is part 2 of a webinar held a few weeks ago featuring our Time and Attendance software. Above is the Webinar, below is the transcript.
I'm going to log in as a supervisor, someone that would possibly see time cards from an employee and fix issues, fix schedules, and approve time cards so they can be processed in payroll.
For our clients, time and attendance greatly reduces their manual efforts; a single database means that there is one point of entry and one point of extraction.
Overview of Software
The software is cloud-based. This means that you can have your employees punch in through a mobile device, a PC or tablet; it allows people to punch wherever they have internet access. We also have the ability to offer clocks to clients who need them. We are finding a big industry trend is a movement towards biometric systems. Therefore we offer biometric finger readers and facial recognition readers. We also offer proximity clocks and tablet mobile punching.