Did you know that $7.4 billion is lost per day due to unrecorded work activities? When it comes to keeping track of labor and attendance in the workplace, there are usually places where a business can improve, but it can be hard to know where to start. How can you track these things? How can you ensure your employees stay honest and accountable? Luckily, we're here to help you out. Read on to learn six of the best tips for labor management. 1. Hire...
Companies that focus on productivity can see anywhere from 30%–50% higher margins compared to their non-productive competitors. One neglected area of company productivity is employee time tracking. Employee absenteeism is a major problem in the US. Employers lost about $36 billion on absent employees. Worse, the majority of US businesses have to deal with time theft — when employees track more time than they worked. Luckily, there are technology solutions designed to help with this problem. A proximity card time clock is...
43% of employees admitted to committing time theft. How can a web-based clock curb this productivity-stunting habit? Web-based time tracking allows employers to track their employees' working time in real time. Instead of relying on employees' self-reported numbers, employers can gather more accurate data with time-tracking software. So keep reading to learn more. You should understand a few essential time-tracking benefits to further understand the impact this software can have on your business. 1. Prevent Time Theft Due to time theft, US businesses lose 20% of...
How to Choose Attendance Tracking Software for Your Business Finding the right software to track employee attendance requires knowing your options. Here is how to choose attendance tracking software for your business. Each year, American employers lose $36.4 billion due to employee absenteeism. Additionally, time-theft costs companies about $11 billion annually. This is why attendance tracking software has become a necessary business tool. Attendance tracking software can help you keep track of attendance at your company so that you know who's working and who's...
What are the Benefits of Tracking Employee Attendance? Would you like to know the benefits of tracking employee attendance? Read on to learn everything that you need to know on the subject. Tracking employee attendance is a practice that can have a phenomenal effect on employee morale, worker productivity, and company performance. That's good news, too, as retention is an issue expected to cost businesses over $430 billion annually by 2030, according to the Bureau of Labor Statistics. In the following article, we'll...
Hourly employees present unique challenges to payroll administrators who work with blended systems. We look at strategies payroll administrators can deploy. Hourly employees make up a large portion of the American workforce. Over 73 million workers are paid an hourly wage. Many companies work with both hourly and salary employees, which creates unique challenges for payroll administrators when dealing with hourly employees. From creating schedules to ensuring they receive quality benefits and perks, there are many things payroll administrators have to weigh...
