Keep better track of your Timekeeping and Attendance
As the old saying goes, time is money. This is especially true for businesses. In many cases, a company’s largest expense is its workforce. So having an ironclad system to capture the exact moment your employees clock-in and clock-out can save you significant amounts of money over time.
At Business Cents, we’ve worked with countless companies just like yours to navigate the challenges of timekeeping and attendance. Our team can help you create a customized strategy that saves you time, money and headache.
Efficiency and Automation
Many mistakes in timekeeping are the direct result of human error in data entry. By automating and outsourcing these tasks, you can cut down on simple mistakes that can spiral into expensive problems. In fact, the American Payroll Association estimates that timekeeping mistakes cost companies roughly 1%-8% of their gross payroll. Having a streamlined process that starts at an employee punching a clock and ends with them receiving a paycheck gives your business an integrated and secure methodology free of human error.
You’re time is best spent doing utilizing your skills that benefit your company. The amount of effort and energy spent on the tedious task of compiling data is substantial. By putting that responsibility in our hands, it allows you to get back to doing what you do best! Plus, storing these documents on a computer saves time sifting through physical documents for information.
As you may know, timekeeping isn’t simple arithmetic. Beyond accurately paying your employees, your business must remain compliant with government regulations. Having proof of attendance is a critical piece of information, and accurately collecting that data not only ensures your employment agreements are being upheld but you’ve also you’re kept a paper trail in the documents are needed.
Assessing your ROI is crucial, so tracking hours is crucial in compiling accurate data about your employees. Establishing a baseline for information is vital in making informed decisions, as you’re able to evaluate individuals and your business as a whole.
Helps Your Employees
Studies show employees who have the ability to instantaneously retrieve their hours tend to feel more empowered about their jobs. Happier employees lead to better productivity, higher retention and the ability to track top talent.
Contact us to see how else we can help!