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?

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.

4 Features Your Payroll Provider Should Offer

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.

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.

Reasons Why Tracking Time & Attendance in the Cloud is Beneficial for Your Business

Time and attendance tracking is imperative for any business. Accurate data is critical to ensuring that payroll is processed quickly and it guarantees that policies and regulations are enforced. If your company still tracks time and attendance manually, then you are most likely already aware of the inefficiency and inaccuracy of it. In order to benefit from tracking employees’ hours, companies should find the tools that best work for them. Time tracking technology has matured over time, from punch clocks, to time cards, to computer software, and now to cloud-based software. Nowadays, most companies are using online, cloud-based software such as Dominion’s Time & Attendance Software. Instead of having employees use punch cards or a computer software to clock in and out, employees can do it over the internet. One of the best advantages of cloud-based time tracking software is that they don’t require much human interaction, as they work in the background. Not only that, but cloud-based time and attendance softwares have other benefits. Read on to find out more.