Time Tracking Software

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Time Tracking Software :

Time Tracking Software

PowerPoint Presentation:

Operating costs are on a constant rise in today's economy. As a result, businesses are seeking solutions to reduce their overall expenses. Finding an effective solution to help organizations properly utilize their human resources has become extremely important for businesses that wish to stay competitive. For many, time tracking software has been effective in cutting costs by automatically recording work hours, managing and processing employee payroll, increasing labor productivity, and providing an improved return on investment.

PowerPoint Presentation:

Traditional time tracking methods are done manually with paper time sheets, attendance books or spreadsheets. While these have been helpful to some extent in the past, they are time consuming, require a lot of effort on behalf of staff, and are prone to the possibility of human error. Technological advancements have automated the means of payroll and employee attendance management. These days, online time keeping software (usually integrated with time clocks) is quickly and effectively replacing traditional time tracking methods.

How It Works? :

How It Works? Time tracking software is a browser-based solution that allows an organization to electronically track and collect accurate workforce time and attendance data. The software is capable of working in combination with existing payroll applications, and provides additional benefits by streamlining payroll processing.

Real-Time Payroll Data Collection :

Real-Time Payroll Data Collection Timekeeping software provides employee attendance tracking in real time. It is also beneficial for employee scheduling and helps manage administering breaks, overtime, paid and unpaid time off. The software is fully capable of recognizing and recording late punches, in addition to highlighting all absenteeism patterns.

Prevents Wage Fraud :

Prevents Wage Fraud Manual tracking of employee time and attendance can lead to manipulation and time theft such as buddy punching and wage fraud. These false clocking practices result in inaccurate payroll. In other words, you are paying employees for time they have not worked. Automated time tracking software with fingerprint identification features eliminates any possibility of wrong doing and falsified data entry.

Improves Operational Efficiency :

Improves Operational Efficiency Timekeeping software with biometric time clocks is an infallible method of tracking employee time and attendance. Its accuracy prevents any manipulation of the system and forces the employees to be accountable for their work hours. This leads to improved organizational efficiency, and ultimately increases overall productivity.

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