Time Attendance: A Must in Every Business
For some of us time is not that important, but others are more cautious of their time. This can be especially true in the corporate and business industry because for them time is money, and any time that is wasted is money wasted too. This is how serious businesses and companies are about time.
Doing an adept track of the time and attendance of every employee will allow you to determine whether you are gaining or losing money on a daily basis. This is one of the reasons why some companies are very cautious about tracking the time and attendance of their employees.
However, without this knowledge we can never be truly sure of the efficiency of our business. Research shows that implementing a time and attendance system is estimated to save on average 10% of your monthly wage bill. It can quickly identify the time theft of any individual and alleviate subsequent payroll overpayments or disputes’, ensuring that payment is only made for the time that has been worked.
Time attendance can so easily be monitored and managed in this day and age and we don’t all have to be computer geniuses to make sure we are getting the best out of our employee’s time.