Employee Time Tracking Impact on Payroll
Keeping employee time and attendance under control can be difficult – especially if you have multiple shifts or varying schedules. Inaccurate employee time keeping can negatively impact your payroll calculations and lead to overpayments, tax liabilities and more. So how can you better manage your employee time tracking?
Time tracking solutions have improved significantly to simplify employee time management and ensure accurate record-keeping. Your employees can track time accurately and reduce inefficiencies in the process with hardware and software that adapts to your workforce.
You can manage your labor distribution, stop payroll errors, and create customised reports using software designed for time and attendance. Managers can select or automatically schedule employees, and ensure each shift is staffed according to the needs of the company. Data entry is also reduced by using automated software and hardware to manage employee time, and by integrating with your payroll software you can reduce manual data entry or duplicative efforts by payroll and HR teams.
Companies that utilise time and attendance hardware and software see a dramatic increase in cost savings. For each £1 you spend on time tracking software, you can save over £7 due to automation, simplified processes, and reduced errors. Your payroll team will also see reduced payroll errors caused by inaccurate time-keeping as well. To learn more how we can help with your time tracking software and hardware solutions, click here