Time
management is a crucial aspect of any thriving company. However, the work
environment of your company might be facing major drawbacks if you have not yet
integrated decent Time Recording Systems in to your company’s working process.
Here are the top 2 ways you are losing valuable company investments and a
profit margin because of a simple mistake of not having efficient time and attendance systems in your
company.
Inaccurate
paycheck calculations
In absence of efficient clocking systems, it is often too easy
for companies to mismanage the paycheck calculations. This increases the hassles
every month when you have dissatisfied employees registering complaints and the
accounts department having to redo their work to reaffirm calculations. The
major problem here is that durations of work per day are a veritable hearsay
rather than an actual logged record. With a time clock, you can completely
automate the process and decrease such calculation errors. This saves a lot of
time and effort from the company, which can be rerouted to other areas to gain
more returns for the company.
Employee
burnouts and job dissatisfaction
Often companies do not have an
intelligent tracking system to oversee the working hours and overtime logs of
various employee teams. This might create an uneven balance within the company
atmosphere, particularly if some teams find themselves a lot overworked as
compared to others. The ideal way is to have an automated time clocking system,
which tracks employee work durations and alerts the company in cases of
overtime. The company can choose to recalibrate their assignment systems so
valuable employees do not suffer from overwork and job satisfaction, which
might lead them to move to different companies.
