Companies have more remote and offsite workers than ever before, as it has become an easy way for companies to manage a global workforce. But how do you track hours, time off, holiday or sick requests for all of those employees? How to you ensure accuracy each month?
Administrative time spent managing time and attendance is a huge waste of company resources, and ensuring accuracy is also challenging. Many companies are turning to technology solutions to remove human error and reduce hours spent on time collection. With so many solutions on the market it can be difficult to find the right software (and hardware) for your business. Does your team need basic services like requesting time off or clocking in/out? Or do you need more robust features like labour management and distribution and integration with your current payroll system? Knowing what your needs are and where the most resources are spent related to time collection is the first step.
If many of your employees are working remotely, you can provide them with mobile technology that has built in self-service portals to request time off, which can reduce your data resources by up to 80%. You can also reduce payroll errors by ensuring calculations for time off, leave or sick pay, and holiday hours are accurate each month. Companies with 30 employees can save over £28,000 per year reducing payroll errors related to time and attendance! That is a lot of money back in the budget for other more important initiatives.
When time and attendance is easy for employees to use, they are more likely to provide accurate up to date information. If the process is simplified for collection of data and integrated with payroll, it reduces administrative time, payroll errors, and saves the company money. If you have remote or off site workers, you should review your time and attendance solutions and see if they are still working for you in 2018. If you need more information about Time and Attendance, click here
Need help to understand what solution is best for your business?
Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.