Benefits of employee attendance management system.
The two paramount reasons why a company installs an attendance and time management system is because of the increased importance of information accuracy and reliability. A company’s workforce is one of the most expensive services which impacts productivity and profitability .For this reason it is important to have an accurate system in place to track employee attendance and time keeping. Inaccurate tracking could lead to costly regulatory compliance missteps, among other pitfalls. One must also keep in mind that employees also represent an organizations biggest asset with regard to growth and profitability. Having an automated employee attendance management system makes labor management a lot more manageable. An appropriate staff attendance management system can help eliminate and prevent many negative aspects of inaccurate and unreliable timekeeping. Listed below are the benefits of automated attendance systems and the positive effect they can have on your organization.
Having reliable data helps address several issues that occur due to manual time sheets and attendance filled in by employees. It helps limit the problem of time theft, Assesses employee work hours correctly and also allows managers to address attendance workforce issue while they are still small and can be controlled.
Electronic data can be collected by employees’ punching in or out over a secure web browser, from an electronic or biometric time clock, or even through a mobile device. The data collected is then transferred to the time and attendance system in real-time. The major advantage of having an automated attendance system is that such data provides you with insights about true labor cost incurred. Understanding the health of your business is important in understanding its income and expense numbers is vital to the success of the organization.
Entering data manually at the end of each pay cycle basis the attendance is a tedious and a laborious task. Many company that follow such manual process on an average spend 5 hours on a daily basis processing such data. In spite of such extensive man hours input in this process the outcome isn’t error free.
Automating the collection of time through data collection devices ensures time records are in an electronic format. This allows the transfer of that data to be automatically sent to your payroll solution for payroll processing. Automated time registration and collecting reduces or can eliminate the need for any manual reentry of timekeeping data into a payroll system when the two are integrated. The result is accurate payroll processing that can take as little as 20 minutes per pay period.
Strong company culture
Employees feel encouraged when they have access to their own information through technology like employee self-service. Such services develop a certain level of empowerment wherein the employee experiences a shared control between himself/herself and the employer. Such engaged employees prove to be valuable assets to the company. Employee self-service reflects positively on the company’s culture. Such employees then to be more energetic and are always excited to work. They tend to be far more loyal and serve as the ambassadors of the organization.
In conclusion having an automated system would help serve several other purposes, other than those mentioned above. It would reduce time and effort and also cut down the chances of manual errors .It would reduce the work load over a particular department. Further to this having such systems integrated with the payroll and HR department would results in a great return on employee investment and positive effect on the overall business results.