Whether you’re currently using Dominion’s Time & Attendance feature, you’re shopping around for one, or you’re looking into Time & Attendance software in general, there are a lot of aspects to the software that you may not be aware of. Because of this, you probably have a lot of questions. While the best way to learn about new software or features is to watch a live demo (you can do that here!), I also wanted to take the time to compile some of the most frequently asked questions we get. While some of these are specific to our software specifically, it should still give you a pretty good idea about what a quality Time & Attendance software can do.
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.
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.
When you are managing a business that has hourly employees, things can get a little tricky when trying to put a schedule together. Even if you are using a scheduling software, there will always be schedule changes for different reasons. Let’s focus on the restaurant industry, for example. For some reason, there are still a lot of restaurant owners that rely on the pen-and-paper method for creating their schedules. Often, even their method for distributing the schedule is old school and low-tech; for instance, taping the schedule on the wall. Surprisingly, even those who have introduced computers to their scheduling process still struggle. This is mostly because they are using methods like Excel spreadsheets and email to create and distribute their schedules. What they fail to realize is that there is a solution to their problems, and implementing the following 3 tips can help them out.
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.
Is your organization still rounding employee punches to the nearest 15-minute mark on timesheets? Do you allow employees to manually enter their time on a time card or spreadsheet, resulting in estimations and approximations? If you answered yes to either of these questions, you’re likely paying much more for employee wages, overtime, and lost productivity each and every pay period. With the technology and affordable tools available today, you will want to strongly consider using an automated online time and attendance platform that will conveniently track employee time to the exact minute (no more rounding), eliminating countless hours of overpaid minutes.
2018 is right around the corner and we cannot wait to see what it has in store for us! Before looking at the future, I decided to take a look back at the Dominion blogs that were the most popular. When it comes to the payroll and HR industry, there are thousands of resources that can be found online, and for us, being industry leaders is a top priority. We want to be able to share our knowledge and educate our readers on certain topics including employee benefits, time and attendance, payroll, and human resources in general. 2017 had many trending topics such as employee burnout, tracking employee time and attendance, absenteeism, and more. If you missed out on reading these blogs or are interested in getting a refresher, look no further. The following are the top 10 blogs at Dominion in 2017.
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.