Today, most US companies are seeking new ways to save money and reduce costs. Managers often overlook one thing that could have saved them thousands. The automatic staff leave tracker is it.
This is an essential tool for every company. However, staff often misuse it or fail to properly manage it. The tracker can be used to cut costs and increase income in many areas. Many companies overlook these obvious and common-sense benefits. This is why attendance tracking is so important for your company.
A tracker is a simple tool that can improve your profits by ensuring that employees get paid only for the work they do. Time tracker efficiently allows you to manage your payroll, eliminate excess pay and keep most companies still paying their employees hourly.
Allowing employees to clock in their hours when they work long hours is a recipe of disaster for your company. If you don't keep track of time and attendance, even something as simple as being 5 minutes late to work can quickly add up. The 5 minutes you spend on absent employees adds up to 21 hours each year.
While most CEOs and managers try to track their time accurately, the old method can be too complicated and easy to make mistakes. Buddy punching is a technique where a friend punches the timecard for a friend who is late or has left early. This can cause you to lose all your time tracking efforts and result in thousands of dollars in overpayment each year.