Top 5 Benefits of Tracking Employee Time That Every Company Must Know

employee time tracking software

Far behind are the days of filling columns in register books. Today, market offers excellent workforce management software and employee time tracking software that help businesses stay organized without the hassles of micromanaging. Packed with advantages of high configurability and accuracy, these can easily take care of overtime costs and related compliance. Companies can have clarity on how their staff spends time and whether they are being productive or not. This comes across as a great aide when planning time frames for various tasks or a project’s accomplishment as you have a clear indication on time utilized for successful completion of various activities.

Here we go through the top 5 benefits of employee time tracking software that are perfect answer to the question of, “Why should I track my staff’s time?”

  1. Makes employees accountable for their performance
  2. Undoubtedly, people work better when they know that they are accountable for their work. Workforce management software makes it simple for companies, employers or clients to calculate the overall cost of each project or assignment. With features like screen captures, they can chose the level of visibility they want on the performance of each employee. This incredibly eliminates issues related to time-theft like buddy punching (someone else marking attendance for an absent employee).

  3. Simplifies payroll
  4. Automating the collection of time through employee time tracking software will considerably reduce the time spent by HR department and employees on manual tracking, recording and processing it. The digital records can be integrated with your payroll processing system that offers high accuracy by eliminating human error. Also, your HR team can save significant time spent on payroll calculation.

  5. Facilitates effective resource utilization
  6. With an efficient employee time tracking software in place, companies can have an overall picture of the time being consumed on a project. The tool can help them re-plan the resource allocation or re-prioritize activities for completion of projects that are more critical.

  7. Keep employees in loop
  8. Engaging employees by keeping them informed through a tool like employee self-service is a step towards greater employee-satisfaction. Employees often seek information on their leaves or how much time off they have left. Being able to access their own information without any hassle or going through the HR department makes them feel empowered.

  9. Aides smooth compliance
  10. A manual time and attendance system makes it difficult to maintain proper records, thus no guarantee of accuracy. While an employee time tracking software cannot assure employment law compliance, it can provide you with accurate and relevant information that is needed to comply with labor regulations regarding proof of attendance.