If you are still collecting employee information manually, you are more prone to errors, time wasted, and time theft. Not to mention, you’re wasting paper!
With a system in place like MegaPay, you can automate your process to collect employee data to be more accurate, efficient, compliant, and entirely paper-free!
We’ve narrowed down six ways that time and attendance systems can help your business:
1. Save Time by Automating Data Collection and Payroll Processes
A substantial amount of time is spent when timecards and payroll data are collected manually.
By automating your employee data collection and payroll process, you can focus on more productive tasks and save time.
2. Increase Accuracy by Reducing Errors in Timecards
Often, employee timecards contain errors and you have to spend time correcting them.
With a time and attendance system, you can reduce human error and replace it with precise tracking of employee hours to make your payroll process more efficient.
You can even generate reports to track attendance issues and overtime to manage easier.
3. Reduce Costs From Manual Data Collection
Collecting employee timesheets and data for payroll can be time-consuming and costly. A time and attendance system can automate this for you and save both time & money.
Automating the data can help you ensure that employees do not work unauthorized overtime hours, have someone else punch in for them, or not remember to clock out.
With a time and attendance system, you can be confident that your costs are allocated accurately.
4. Eliminate Timecard Fraud
Timecard fraud is an expensive issue that creates dishonesty among employees.
When using a manual system, workers can manipulate their timecards and engage in time theft.
With a time and attendance system, timecard fraud is almost impossible because the system provides real-time updates with no discrepancies.
You can also automatically track remote employee time activity!
5. Provide Timely Paychecks and Access to Schedules
Manual time and attendance tracking can be a slow process with errors in payroll. This can cause late or incorrect paychecks for employees, causing workplace frustration.
Having a system in place also allows employees to request time off, keep track of their schedule and pay.
Employees deserve consistency in pay and transparency in their schedule to keep morale high!
6. Comply with Federal and State Laws
Complying with Federal and State laws are a requirement under the Fair Labor and Standards Act (FLSA).
If you’re manually tracking wages, hours and overtime, you’re increasing the chance of accidentally violating laws. This will result in significant fines!
You can more easily catch these discrepancies with an automated time and attendance system in place.
To Sum It Up
A time and attendance system can provide various benefits to your business by allowing your team to effortlessly manage payroll, track time, stay compliant and schedule working hours.
This will allow your team to concentrate on more important tasks.
If you would like to discuss how this system can work for your business, please contact MegaPay!