The Many Options of Time Tracking Software for the Office
Everyone who has to deal with payroll in the course of their work duties wishes it could be easier and definitely that it could be less time consuming. If your company is still using a Bundy clock or some other kind of mechanical employee time clock as its time and attendance solution, then it certainly could be less time consuming and labor intensive to put together your company’s weekly, bi-weekly or monthly payroll – and probably much, much easier than it is now.
In a lot of companies, payroll means doing a lot of manual data entry. Time cards have to be read, employee hours added up and calculated and then input into your company’s time and attendance software. No matter whether you use Quicken, QuickBooks, PeachTree or any other popular accounting package, the drudgery of data entry whenever you do payroll is the same. Not only is it a lot of work, it’s also a process which opens up many opportunities for errors to occur. (more…)
Access control is something which is an increasingly important concern for the owners and managers of businesses. Whether your company is a small sole proprietorship with only a handful of employees or an enormous multinational corporation with multiple locations and thousands of workers around the globe, security is something which you need to think about constantly.
It’s a complaint which is if not exactly as old as time, definitely as old as contracting as a professional concept: overpaying contractors due to inefficient time tracking and management on the part of the contractor’s client. It may not be something that you spend a lot of time thinking about, but of course when the client in question happens to be your business, then it is a different kind of situation altogether. No one likes overpaying for the service they receive from a contractor – and as a business owner or manager, your job is to make sure that you keep your expenses to a minimum.
Access control is something which every business is concerned about; and if not, they definitely should be. Whether to protect your business, its employees and corporate facilities from the prying eyes of industrial espionage, scammers bent on getting their hands on sensitive information with the goal of committing identity theft or simply to deter common criminals who are willing to steal whatever items of value are left unguarded, access control is an important form of protection for your company.
Security and specifically, access control is an important concern to many, if not all businesses. Granted, if you are the owner or manager of a very small business with only a couple of employees and a small shop or office, you may not have much of a need for access control. However, any medium to large business can certainly use an effective security and access control system, especially one which can be combined with an easy to use electronic employee time clock and time and attendance software. It’s an all in one system which provides savings on labor costs as well as a much higher level of security.
There are a lot of ways that your business can save money through modernizing equipment. It would be difficult to find anyone who would have an argument with this point: from the computer replacing the adding machine and manual typewriter, the photocopier replacing the mimeograph and so on, there is no shortage of examples. However, many companies are still using outdated equipment like a mechanical Bundy clock to keep track of employee time and attendance, even though electronic employee time clocks are now available, along with useful accessories like sirens.
There is one thing that every business owner or manager agrees on: it’s important to keep your overhead costs as low as humanly possible. Every cent that you can shave off of your operating expenses means a healthier bottom line – and thus more available resources for product research and development, investment in new equipment or facilities and for being able to pay wages, which in turn allows you to attract and retain the best talent in your field. There are a lot of ways that you can do this, one being to do away with your old mechanical Bundy clock in favor of a more sophisticated employee time and attendance solution.
Payroll is one of the most dreaded of tasks around any office. Now certainly, everyone welcomes payday; but the job of putting payroll together isn’t something anyone looks forward to. It’s tedious, painstaking work where there is a great deal of room for human error to creep into the process – but of course, it’s also something where any errors can lead to losses for your company or a blow to employee morale. No one likes being underpaid due to a data entry error; and as a business owner, you definitely don’t like to end up paying your employees more than you owe them.
As a business owner or manager, you’re always looking ahead. After all, there’s nothing more important to your company than being able to continue to grow and thrive going forward. If you’ve recently decided to start lowering your overhead by modernizing your time and attendance hardware or software, then you’re already making an important step to keep your business competitive now and in the future.
A Bundy clock may have a certain kind of charm, but it’s anything but suitable for today’s high-tech, fiercely competitive business world. They’ve gotten the job done for a long time now; and supposing you’re not a stickler for accuracy (or for ensuring that your company’s overhead stays as low as possible), they could continue to do so. However, with so many better choices out there in terms of time and attendance software and electronic employee time clock solutions, the question is no longer whether to make the switch, but what kind of system to start using instead of your old mechanical time clock.