Wednesday 27 February 2013

An Automated Time Clock for Your Employees – Is it Worth the Investment?

This is a question many small and medium-sized business owners ask themselves. If a business has been functioning without a time clock for employees, owners tend to believe their business can continue to grow without one in the future as well. Unfortunately, this train of thought fails to recognize the incredible difference between an average organization and an efficient organization. If you want your business to be efficient, you should consider an automated time clock.

Automated workforce management solutions bring an unmatched element of productivity and accountability that is simply impossible to attain with paper time sheets or mechanical Bundy clocks. Automated workforce management systems are run by cloud-based, online attendance software that streamlines your payroll operations, making your business more profitable.

If your company uses paper time sheets or mechanical time clocks to manage employee time, you could be a prime target for time theft, absenteeism and other workplace malpractices. Some automated time and attendance systems can identify your employees with unique biological features ensuring there is no possibility of time theft whatsoever. This alone is a great case for automation.

The Question of Investment

Now, onto the question of whether or not it’s worth the investment. The answer is a resounding YES! An automated time clock for employees often saves enough revenue within the first month of its implementation to recover its total cost. This is accomplished in two steps. First, your business is able to save money by eliminating unauthorized overtime, tardiness, buddy punching and other forms of time theft. Second, the cloud-based software eliminates human error while tracking and processing time and attendance data transforming your payroll operations.  You will only pay for hours worked.

A third, less noticeable yet tangible benefit, is that your business will become more streamlined and efficient. Your employees will be more productive because they know they are accountable for their actions and hours. Furthermore, the introduction of automation helps in saving your valuable time that was previously required to manually manage employee attendance and process payroll.

Simply stated, online attendance software frees up your resources, which ultimately helps your business become more productive, efficient and profitable. Talk about a great return on investment.

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