Benefits of a Workforce Time and Attendance Management System

March 23, 2020

Benefits of a Workforce Time and Attendance Management System

The life of a business owner can be tough. There is cash flow to balance, inventory to move, projects to oversee and employees to manage. It can often feel like there are never enough hours in the day, which is why at Aussie Time Sheets we aim to simplify and streamline your payroll processes, saving you time and money so you can better spend your time growing your business.

Our time and attendance management systems are designed to work for you and your business; automating a manual timesheet process and seamlessly integrating with your current payroll software. Here are some of the benefits of implementing a time and attendance management system into your business:

  1. Saves you time: A time and attendance management system will free up precious hours spent on payroll, by eliminating the need for manually processing timesheets and time cards, authorizing leave and overtime and generating payroll.

  2. Avoids tax and penalty rate problems: Our time and attendance management systems have intuitive award interpretation, allowing you to calculate multiple allowance types per department or employee, so you never miss a late-night shift or public holiday. These systems will also reduce the risk of any potential mistakes in tax filing.

  3. Saves you money: Time and attendance management systems can save your business significant amounts of money through a reduction of administration hours as well as eliminating inaccurate time reporting, buddy punching, tardiness or time abuse. You can calculate the amount of money you could save with an Aussie Time Sheets time and attendance management system here.

  4. Increases employee accountability and morale: The Workforce time and attendance management system features a live employee portal which allows employees to login at any time and check their weekly schedule, hours worked, request leave and upload any required documents. Having access to this information easily allows employees to feel empowered and assured that an efficient system is in place that eliminates human error in incorrect pay.

  5. Eliminates error: By cutting out manual calculations and hand-written timesheets, our time and attendance management systems reduce the risk of error; ensuring employees are paid correctly for the hours worked and employers are only paying for correct hours worked.

  6. Gives you powerful data: Time and attendance management systems will also allow you to see how much time is being spent on a particular project or task; highlighting any issues in productivity. These systems can also create reports for each employee; showing hours worked, breaks taken and other habits. This allows employers to easily spot trends in employees clocking in too early or too late or taking too many breaks throughout the day.

  7. Eliminates time theft and buddy punching: We have time and attendance management systems available that utilise facial and fingerprint recognition, eliminating the chance of buddy punching, which is when an employee clocks on or off for another. These systems also eliminate the possibility of time theft, where employees may not have logged their breaks correctly or logged incorrect start or finish times.

  8. Increases ability to scale: On-boarding new employees can take a lot of money and resources; our time and attendance management systems reduce this significantly by requiring fewer employees to monitor each worker and allow new employees to be quickly and easily added to the system. Historically each new employee added a new layer of costs to make sure they are performing in their job and clocking correct hours, leading to slower growth in workers, lower efficiency and lower overall profits due to additional costs. Aussie Time Sheets time and attendance management systems reduce these costs significantly and allows your business to scale quickly and bring on new employees more easily.

  9. Increases productivity: A time and attendance management system not only gives administration employees more time to focus on other tasks without having to spend hours tracking employee hours and managing payroll, but also increases overall employee productivity as employers are able to use data from the time and attendance management system to look at trends in work hours, highlight areas where worker productivity is low, and identify the cause of the productivity problem.

 

So what are you waiting for? Contact the friendly team at Aussie Time Sheets today to see how our time and attendance management systems can save your business time and money.





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