More Accurate Time Keeping

According to Software Advice, 43% of employees fudge their in and out times. This over-estimation of employee time worked can be as high as 7% of your gross annual payroll. If your employees are self-reporting, this is a huge problem.

So how is this fixed?

Recognizing the problem with self-reported time, often an employer will ask a supervisor to record their direct-reports time on their behalf. What is often less understood is that the supervisors themselves are committing “time rounding” and “time forgiveness” to curry favor with their direct reports.

The only good solution is to require a full biometric and geolocated automated time solution where an employee is accountable to report the in time, out time, breaks, and any job costing information. This removes the ability for the employee or supervisor to commit time theft.

Government Compliance

One thing all employers are aware of is that your local, state, and federal government can cause big problems for your business if you are compliance with relevant labor laws. Although the list of regulations seem to endlessly grow, the core of these regulations is ensuring you are accurately tracking the employee’s time when they start and end work, and providing them the opportunity for breaks and other regulatory items.

If an employee tracks their own time, is always provided an easy, fast, and safe way to punch in, out, to break, and transfer between cost centers, there will never be an issue with labor compliance. Additionally, if you require your employee and their supervisor to review and approve all timecards, they are accountable to ensure accurate time is entered.

Finally, if you use a system that allows for biometric, geolocation, and digital-signature e-sign of timecards, you will have 100% foolproof audit records to backup all the historical time and pay in case of any labor dispute.

Efficiency Gain

Everything these days seems to be “crowd-sourced” and “self-service”. From ordering fast food, car rides, or checking in for a flight, our modern lives require us to be engaged with the tasks to be done. We are all part of getting the “work” done for the activities we are engaged in. The reason companies are doing this is that it saves them a lot of money. Instead of centrally administrating tasks and paying for these tasks to be done, everyone does a small amount of work.

The same should be true for time tracking. When employees punch in, out, and to breaks, declare their job costing, and approve their timecards, this saves on paying central payroll administrators from doing these tasks. Simply put, self-service time administration saves money by dividing up the very heavy administrative time tasks into small, easy task for each employee to be responsible for.