Time and attendance software: Everything you should know

Are you a business owner who wants more than a simple clocking system to improve the punctuality of your employees? If yes, then an automated time tracking system is the best solution for you!

Time and attendance software is a digital way to track and monitor when your employees start or stop working. Having an automated tracking system in place can aid organizations across all the industries by saving their time and money on payroll as it enables an employer to track a large number of employees’ absence, working hours, targeted hours, banked hours, sickness etc. Below are some core benefits of time attendance system:

• Reduces errors and improves accuracy
• Hassle free scheduling and shift management
• Easy management of flexible working arrangement
• Saves time and money on payroll
• Keeps employees informed

How to identify your time and attendance requirements?

In the digital world, every organization needs to figure out how to compensate employees accurately and timely. Whether a business is small or large, it is necessary to manage employee’s time, attendance and payroll. With these four management requirements, the company can grow its revenue, products, and services offered. Time and attendance requirements are listed below -

• Compliance: This software automatically tracks the staff’s working patterns for compliance.
• Apps: Today, many apps have been developed for accurate time and attendance system. These apps allow your total workforce to access it via smartphones, desktops, tablets, etc.

Automated time tracking system key features

More and more company owners are taking their systems such as time and attendance tracking system online. But how will you know if you have the right time management solution for your company? How will your time-tracking processes be modified for compliance and efficiency? In general, some key features will help the HR department approve the perfect advanced software for their requirements.

• Advanced scheduling
• Powerful reporting & analytics
• Track absences & accruals
• Overtime management
• Payroll and cost estimation

Let’s take a view on the pros of integrated HRMS time and attendance software-

• Both time and attendance, and payroll use the same databases.
• It is error-free, and there is no double information entry.
• Time fraud and buddy punching are reduced.
• Software data can be easily accessed and integrated into your customized reports.

Small organizations who do not need a full-blown HRMS can take benefit of employee onboarding software. This software is widely used to engage new hires in companies.

Conclusion

If you are looking for time and attendance software, then you should be informed about what you need and how different software functions