In the present scenario for a business to thrive, they need to adopt new trends and technologies.

As the trends keep on changing, entrepreneurs should be up to date with new technologies and must implement new software needed for their businesses to run smoothly.

Lots of start up businesses fail in the market as they are not up to date with technologies and think that the adoption to new technologies are waste of time and money.

Even well established companies keep an eye on current trends and get knowledge about what is needed for their businesses.

Employees are the backbone of an organization and its success depend upon the performance of the employees.

Attendance monitoring is an important factor. Some employees may take advantage of manual attendance registering by coming late and signing on the register book or some may leave early also.

These situation leads to serious loss for companies if more number of employees are doing this kind of malpractice. To avoid this situation and to increase company’s productivity, it’s very important to implement an attendance monitoring software.

Attendance monitoring software

By implementing attendance monitoring software, you can easily track down the following things:

1.  your employee’s attendance
2. login and logout times
3. Break time
4. Total working hours
5. Overtime
6. Shift hours

How Attendance Monitoring Software can tackle business challenges?

As we have said before, most of the challenges businesses have to face are as follows:

1. Errors in tracking attendance
2. Wastage of money
3. Time waste
4. Employee productivity loss
5. Lesser security
6. Payroll errors

Let’s now see how these challenges can be faced with attendance monitoring software:

1.Reduction in errors: Error rate of attendance monitoring software is less than 1% which is very less when compared to manual errors. It minimizes the chance of manual manipulation.

2.Time saved-money saved! Not sure how many hours your employees have worked for a week? Having doubts whether they are working for assigned time?

Want to avoid all these tensions and also the headache of calculating the working hours of your employees manually?

Attendance monitoring software can save your time and effort. It tracks your employees’ working hours accurately and you can be tension free.

By doing so, you are not only saving your time but also your money. You can concentrate on other tasks peacefully rather than wasting time on calculating working hours manually.

3.Increased productivity of employees: As said before, if employees are given chance of manually entering their attendance, chances are high that they will manipulate it leading to huge loss for the company.

If attendance monitoring software is there, definitely it will increase the productivity of the employees. As everything becomes automated, it will also eliminate the chances of cheating.

4.Reducing the errors in payroll: As the software can track the employee working hours accurately, it is also able to manage paid off time, vacation time, get approvals for time sheet and integrate those details with payroll services.

These features reduce the headache of HR to process the payroll manually.

Attendance monitoring software is the key to all your business challenges

A reliable attendance monitoring software is very essential for your business. However, the software comes with a price which is required for setting up and giving training to your employees regarding the working of the software.

But in the long run, the investment is worth enough as you cannot afford to take a risk in your business which may lead to huge loss.

Implementation of monitoring software will ensure a flexible working atmosphere and also overall better performance.

Do you use any attendance monitoring software for your business? Share us your thoughts on how it helps you in your business.

Time tracking and attendance systems play an important role in the operations of businesses. A business that needs its employees to operate must be able to track the productivity and work that is being performed.

The biggest asset for most businesses is its workforce and it is essential to manage that efficiently.
Companies must realize that a time and attendance system is beneficial. Listed below are 7 reasons you should track time and attendance:

1. Reduces time spent on payroll

 

The first and foremost reason you need to upgrade to a time and attendance system is because it saves time.Your HR and employees otherwise spend time in calculating the number of hours they have worked.

Some organizations can even cut down their payroll management time by 70%. When employees don’t need to record, track, and process the time they’ve spent working every day, week and month, they have more time to concentrate on their respective tasks.

2. Avoid time theft and buddy punching

 

Some employees enjoy a lunch that is for longer than the allotted time. This fraud can be expensive since you are paying for hours that are wasted. Additionally, employees could be clocking in for a coworker who is late,also known as ‘buddy punching’.

An automated time and attendance system can prevent these situations because the unique fingerprint of each employee is matched.

3. Access to Employee Information

 

Employees commonly have questions with respect to the time off they have for the year or the number of sick days they have banked. The HR struggles to share this information and discrepancies generally arise.

A time and attendance software provide employees with easy access to this information. The time they spend on particular projects can also be judged giving them an understanding of how they can get rid of their inefficiencies.

4. Improve departmental performance

 

Managers prepare work schedules to ensure that there is effective staff for the execution of department tasks. Workload must be directly proportional to the manpower allotted. There are three aspects that the schedule must focus on to achieve this:
• Optimum coverage
• Lowered labour costs
• Improved employee satisfaction
If any of these three is not appropriately achieved, the department can go off balance. In the presence of a time and attendance tracking system, managers have instant updates and can appropriately fill in gaps and empty shifts.

5. Reduce resource and time spent on paperwork

 

Flipping through several papers and maintaining them can take a lot of your time. You also need to constantly get resources such as paper, pen, printer ink, files, stapler, etc.

With a time and attendance tracking system, you can avoid such challenges.

6. Ensures policy adherence and discipline

 

Attendance patterns give managers an insight into the working habits of employees. They understand which employee fall behind and which ones have a stellar performance. Managers can then identify the best performers and recognize them with rewards.

This can lead to motivation and increased efficiency. In fact, it can also boost the morale of other employees to start focusing on their timings and hours.

7. The system can upgrade with your business

 

A paper-based system will not last for long. When your business is small with limited number of people, you can record and track the time manually. However, when you expand, your system needs to upgrade with you. You will have more information to monitor, process, and track.

Instead of spending time identifying a system at that time when you grow big, do it now when your timekeeping needs are manageable. You’ll also get used to the system before it’s time for you to actually make use of it.

Time and attendance systems help to improve overall financial conditions. This means there’s more money available for acquiring customers and improving relations with the existing ones.

In fact, for a lot of small businesses, a time tracking and attendance system can make the difference between being successful or failing.