When you are in charge of a business, you’ve usually got a thousand different things on your mind at any given time. Because of this, it is a really good idea to try and limit the amount of worries you have when it comes to your business. One way that you can do this, is by implementing and fully utilizing a modernized time clock in your company. Not only will this save you time by not having to do it by hand, but it also helps eliminate a lot of errors and other costly problems related to manual recordings.
What Exactly Is A “Time Clock”?
A time clock is essentially used to track and record hours worked for all employees of your company that are required to click in and out. Employees will typically enter their information into an automated system, which will create a clock in/out time that cannot be altered by the employee. All time clock systems are different, but with a time clock system like TRAXTimeCard, you’ll get a lot of useful benefits beyond automated time tracking.
The Benefits of Time Clocks for Businesses
Obviously, the benefits will vary based on which time clock service you use, but something universal that you should always be able to count on is automated time tracking. However, they can also provide your management with real-time monitoring of which staff is clocked in/out, as well as a fully organized report to review and approve at the end of the day or pay period. Using a time clock system with detailed reporting allows you to break down labor costs and see where you need to cut back, and where you need to increase staff.
Removing Overtime Woes
For some business, overtime can be a real issue, and a time clock management system can be very beneficially in cutting down on overtime. Most systems allow you to set up an alert of some sort when an employee has moved into overtime hours, or is nearing overtime hours. Once you get that alert, you can work on figuring out how to mitigate their time overtime.
Say Goodbye to Paper Time Sheets
A huge benefit of using automated time tracking for your company is that nobody will have to bother with paper time sheets, which are very time consuming and often times not fully accurate. Having everything done electronically allows it to be automatically organized, saving you labor costs as nobody will have to do it by hand.
A Worthwhile Investment for Your Company
Of the many different things you can invest in to improve your company, a time clock system is definitely near the top of the list for any industry. Even with a handful of employees, the cost of a time clock system easily pays for itself in the labor hours you save, and the costly errors you eliminate. If you are interested in a system like this, contact us to learn more about what a time clock and time sheet system can do for your company.