In most organizations, employees’ salary forms the biggest chunk of expenses. Therefore, it is extremely important to keep a track of employee attendance and productivity.
Time-tracking software enables an organization to improve the 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 the 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 the HRMS system for further processing.
Address Attendance Concerns in Real-Time:
The time-tracking program helps the inaccurate 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:
An automated time-tracking system helps you to compute exact labour costs.
It enables HR managers to run reports in the HRMS system to get insight into labour costs. This is important from a strategic point of view because it helps you to understand the 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 timesheets online at their convenience and take complete ownership of their attendance data. ESS marks shared responsibility between employee and employer and improves 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 the productivity of the HR administrators 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, the integration of time-tracking software and HRMS minimizes the level of data interaction between humans and systems. This results in the 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 the risk associated with inflated human resource expenses. Feel free to Contact Us and get a Free Demo.
Awesome information about time tracking software. It helps in data collection and also has many features and also the techniques provided in this were really useful.