Time-tracking software enables an organization to improve accuracy and reliability of attendance information. The information, thus collected is interlinked with HRMS to generate payroll.
There are heavy consequences for an organization if data collected is inaccurate and unreliable. It results in payroll errors, low profit and non-compliance. It also reflects nonchalance on your part leading to reduced employee morale.
Automated time-tracking helps you to minimize the burden of HR administration, save time and cost.
Data collected by time-tracking software is not only useful to generate employee payroll; it is further utilized by HRMS to measure employee performance, commitment and dedication. This, in turn, assists you to decide upon employee promotion and responsibility.
Circumvent manual data collection
Manual data collection about employee attendance, entry and exit time is a lengthy task and an exercise prone to errors.
This method of data collection can be misused by employees. Even honest employees can commit mistakes in recording data. The information collected is then entered into HRMS system for further processing.
Address attendance concerns in real-time
Time-tracking program helps in accurate collection of employee attendance data in real-time and it is interlinked with HRMS software. The information can be instantly viewed by HR executives to address attendance issues before it is too late.
Compute accurate payout
Automated time-tracking system helps you to compute exact labor cost.
It enables HR managers to run reports in HRMS system to get insight into labor costs. This is important from strategic point of view because it helps you to understand health of your business and make cost cuts accordingly.
Empower your employees with ESS
Time-tracking software empowers employees to track their punctuality and attendance online. It is common to witness Employee self-service (ESS) functionality in time-tracking software and HRMS.
Employees can fill their time-sheets online at their convenience and take complete ownership of their attendance data. ESS marks shared responsibility between employee and employer and improve organizational culture.
Information gathered by the system is sent for approval to supervisors. Post approval, information is processed by HR executives to compute payroll.
It eliminates the need for manual data entry.
Steer clear of human errors
Delay in salaries is often witnessed in organizations especially where human intervention is more time in payroll computation.
Automated system dodges human-generated payroll errors and saves time and cost. It helps to improve productivity of HR administrator so that they can concentrate more on strategic issues.
Conclusion: Integration of time-tracking software and HRMS boosts productivity
With regards to extensive workforce administration, integration of time-tracking software and HRMS minimizes the level of data interaction between humans and systems. This results in delivery of accurate information and increased employee productivity.
It helps to process accurate payroll. Employee time and attendance information can be collected and analyzed in real-time. It saves a lot of processing time, cost and minimizes risk associated with inflated human resource expenses.