The Effectively of Timesheet Calculator

When aiming for increased profit and success, companies tend to look outward instead of focusing inward. Based on a business survey, only a small percentage of small businesses invest in software such as timesheet calculator to improve the productivity of their employees. The support for this method falls behind as business try to expand into new markets and utilize new customer acquisition techniques.

On the other hand, a bigger percentage of workers have confessed to being guilty of time theft. As technology continues to move forward particularly in the aspect of the business, owners ignore a vital aspect of their practices, which is the time tracking system of their employees. Because of this negligence, memory recall, buddy punching, paper time cards or sheets have resulted to loss of lots of money and hours every year.

The Value of Timesheet Calculator

Switching to a timesheet calculator can help you track the time of your employees, resulting in a more efficient and productive workplace for everybody involved. Now is the time to implement an effective and better process to track the time and attendance of your employees, whether they are in the 50s, hundreds, or thousands. Put this system into place and see how it changes your payroll process. But, if you are still confused if upgrading from a manual time tracking system to an automated system, check out the benefits of a timesheet calculator.

·         No to Time-Consuming Payroll. The most obvious advantage to your company is that you no longer need to spend more time recording, tracking, and processing attendance and work schedule. When you decide to upgrade, your business can cut time processing payroll every month by up to 75%. Your employees can benefit with this system as well by focusing more on their respective jobs, instead of the additional job of accounting for themselves.

·         Stop Time Theft and Buddy Punching. Time theft can occur in various forms such as taking a longer lunch or clocking in for a co-worker when they are late for work, also called as buddy punching. This is serious as approximately 75% of companies lose money due to buddy punching. Time theft is a costly affair whether intentional or harmless. Using a timesheet calculator can prevent it completely.

·         Ward Off Human Error. A misplaced decimal or digit can cause accounting errors. If not corrected, it can adversely affect your bottom line. There is also a tendency to have mistakes in memory recall. Intentionally clocking in before work or buddy punching may be a misdemeanor, asking for memory recall can be useless. You are not sure your employees have tracked their work hours, lunches, breaks, or overtimes thoroughly. Even recording work hours for an entire a week often give you an almost accurate timesheet.

Conclusion

If you want to reduce the time you spend on paperwork, introduce the timesheet calculator to your company. It lessens the time in processing, organizing, and sorting paperwork. In addition, it can save you money on spending printer ink and toner, paper, pens, and so on just to track attendance and time.