Save time and money when using time tracking software

How Time Tracking Software Benefits Your Business

The Harvard Business Review says that “workers are bad at filling out timesheets” and as a result, this task can cost Americans an estimated 50 million hours in lost productivity.

One of the issues with paper timesheets is that many times they are inaccurate. Employees will often forget to track time that takes place outside of normal working hours, preventing you from paying legitimate billable hours. In other situations, employees may embellish their timesheets. An extra ten minutes a day may not seem like much, but it adds up. The time spent completing timesheets also takes time away from an employee to accomplish important tasks. A great solution to these issues is utilizing an effective time tracking software.

Time Tracking Software Makes Companies Efficient

Your goal, as an HR administrator, is to empower individual employees to perform, but also to weigh in on decisions that make the workforce stronger. Providing workers with a quick and easy way to track their time is something that allows you to evaluate that workforce with little to no interruption in their productivity.

Research shows that how frequently employees must log their time has an impact on its accuracy. For instance, workers who log their time on a daily basis are found to be more accurate than workers who do so at the end of a week, month or pay period.

Depending on how you capture workers’ time and their work schedules, daily logs may be unrealistic. With time tracking software, you can efficiently measure when workers clock in and out, no matter what hours or days they work. This information can provide real-time insights into your workforce and minimize the time needed for data entry.

Consequences of Incorrect Time Tracking

If an employee worked hours that were not paid by the employer, such as overtime due to incorrect time tracking, then the employee can file a wage complaint with their state employment agency. Wage complaints will sometimes result in an investigation by the employment agency which may lead to a lawsuit or loss of the employers business license, as well as fines and penalties. 

Workful’s Employee Time Tracking Software

Workful’s time tracking software provides several benefits, including:

  • Allows employees to clock-in using any smart device
  • Syncs with your company’s payroll run
  • Saves time
  • No unnecessary paperwork

With Workful, you can save the time needed for administrative tasks on your end and focus instead on growing your business!

To learn more about Workful’s time tracking features, visit our website or give us a call today at (866) 967-5385!