If you own or manage a medium sized to larger business, you may already be aware of the latest regulatory requirements. Of course, there are also many people out there who are running businesses who aren’t up to date on one very important regulation which has to do with the area of employee time and attendance.

In case you weren’t aware of this fact, every Australian employer (or foreign company which employs people in the nation of Australia) must maintain employee attendance records for every member of their staff who is paid less than $55,000 per year as their base salary. Even if these employees actually earn more than this amount in a calendar year due to bonuses or overtime pay, these records must be maintained.

Of course, if your company uses a mechanical punch clock to track employee attendance, then this may be much easier said than done. If you’re using time cards, this means that you’re going to have to find a way to store all of those old time cards somewhere at your business – or you’ll have to enter all of this attendance information yourself (or have someone on your staff spend a great deal of time doing so). If yours is a larger company, this is obviously a prohibitively labor intensive task; and the alternative involves devoting a lot of storage space to time cards.

Out With the Old, In With the Biometric Time Clock

However, there are better ways to deal with the record keeping requirements of these employee time and attendance regulations. The same technology which can take the headache out of keeping track of your employee hours can also produce a significant savings for your company. If you haven’t yet upgraded to an electronic time clock which can be connected to your company intranet and automatically upload attendance data to your bookkeeping system, now is the time. It could save your firm a great deal of money and make compliance with the Workplace Relations Regulations of 2006 a breeze.

It’s true that these regulations aren’t exactly new by now, but many businesses are as yet not aware of these regulations – and even some of those who are in the know are desperate for a more efficient way to comply with the law. Installing a CS time clock or a biometric time clock is the answer to this particular dilemma. You can meet the requirements of the Workplace Relations Regulations of 2006 without setting aside an entire room to store time cards or spending untold hours entering employee attendance data by hand. It’s a better way to follow the law while making a wise investment in the future of your business.