Understanding Payroll

The Importance of Online Employee Timeclocks.

A lot of companies are now catching up on the benefits of biometric clocks. This is a system that offers cost-effectiveness, security and convenience. Also, it can be used in identifying the staff. This system can be combined with an online timeclock for your workers for better results. One of the most important benefits of online employee time clocks is the fact that they eliminate time theft completely. Even the seconds the worker has been in the company for a particular time will be captured. Anyone trying to tamper with this data will also be flagged immediately. Given that the system does not use security cameras, FOB, badges or even pin numbers to make the recordings. If the system confirms that an employee was late or left before the business hours were over, you will be justified seeking an explanation. These clocks can also help you boost productivity in your firm. The workers will actually be doing their duties during the time they are supposed to be at work. You won’t have employees who submit cases of unpaid hours because they will be nonexistent and that means there will be no wastage of time lodging the investigations. There won’t be a needed for more staff to be in charge of attendance data management. The payroll department will get the information early too and submit the payments on time.
If the payment process you have is dependent on IDs you provide to the workers, you will be dealing with buddy punching until you do something about it. This is illegal and many employees are paying millions of dollars per annum because of this fraud. Online employee timeclocks used biological traits which cannot be forged in identifying the staff when they punch in or out. You won’t have to worry about buddy punching if you take care of this. You can expect a faster ROI if you have invested in online employee timeclocks. This can be realized through time savings, cost management and also increased productivity.

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When it comes to motivation, you can do so by ensuring that the employees understand that no minute they spent working for you will go uncompensated. There will be no need for the HR department and even supervisors to waste their time follow-up on the attendance. You should not be getting any mistakes when attendance data is accurate. Companies can lose millions of dollars because of mistakes made during salary processing.

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