With the advancement of technology, workforce management tools have come a long way. With innovative software, attendance management has never been easier. A timesheet is a tool to track hours employees work, and it’s a payroll mechanism to ensure proper payment. They can track expenses, facilitate capacity planning, and estimate your team’s ability.
Timesheets are most commonly associated with time clocks or cards. Timesheet software takes your system paperless. With a simpler system in place, timesheet software will have a significant impact on employee productivity as well as business profitability. The key is getting the right software at the right time.
Timesheet software can monitor when your employees start and finish their shift, but it can also GPS track, create schedules, build rosters, and manage paid time off. With the right timesheet software, you get real-time data that provide you with insights into how your business operates. Timesheet software is a money-saving exercise that also increases productivity and efficiency. It’s particularly useful if you manage several locations and field employees. Business owners and the management team need to know employees are in the right place at the right time doing the job they are paid for.
Are You Ready?
There are several factors to consider before you dive into timesheet software.
Timesheet software makes sense for businesses that operate across different locations or have field workers. It will help you keep track of your employees, their hours, and it will do so across multiple locations. Smaller businesses might not be ready for timesheet software, but a growing business is.
Timesheet software is an excellent solution for a business in need of employee scheduling solutions. It needs to go beyond simply clocking employees in and out. It should include paid time off management functions and provide scheduling ability. If you find software that does it all, you need fewer tools to do all those jobs, streamlining the process and making management more efficient.
Accuracy is a major selling point for any business. Human error can be a costly sum. Timesheet software tracks time accurately and helps make scheduling and rostering more efficient. It’s easier to track your employees when you have a software system highlighting who has worked how many hours versus their rostered hours. It also highlights the overall number of hours worked versus those on the schedule. And how it will impact your profit. It’s also an excellent way to prevent wage theft.
Ease of use is an important consideration because you want a timesheet software solution that is accessible and user-friendly for everyone. That means selling the idea to your existing employees and gaining their buy-in to how it will improve their workday. It benefits them because it ensures they get paid properly for their hours worked.
Any business interested in timesheet software should consider their current pain points. Do you have issues with your current timesheet system? Implementing software is an investment; can you afford that investment? More importantly, can you justify it? If you have a clear view of your financial situation and you know you have wage issues, then timesheet software makes sense. If you have paid time off problems, overtime issues, or payroll takes up large portions of your week, then timesheet software is the right move.
With the right systems, you don’t need to worry about employee error. You can manage your team more effectively and improve your own productivity.