As a business owner, regardless of the industry you are in, you are always on the lookout for ways to save money without compromising the quality of your products and services as well as how to make your business more efficient. Thankfully, a time clock app can help you achieve that. It won’t just improve your business efficiency but also maximize your employees’ productivity, helping your business see increased revenue and significant growth.
But what is a time clock app, and how can it help increase your business efficiency? Well, let’s find out.
What is a time clock app?
The time clock app is a system that allows employees to clock in and out of their work through devices such as a terminal or smartphone at the workplace. It automatically records the date and time the employees have clocked in and out. That data is incorporated automatically into the payroll system. This system is very reliable, flexible, and error-free, unlike the time card punch clocks, which are very time-consuming and unreliable.
If you are a business owner and still hesitant in utilizing a time clock app, keep reading this article as we give you various ways time clock app can help your business. Let’s delve into them.
1. Reduces time spent processing payroll
Time clock app can significantly reduce the time spent on payroll no matter the number of employees you have in your company. A bulky workload basically means slower processing time, which can be quite costly, especially if you choose to hire a third-party bookkeeper or increase your current bookkeeper’s hours to keep up with the bulky work.
But with a time clock app, you will be able to reduce the amount of time spent on payroll, reducing wasted resources and improving efficiency.
2. Reduces payroll errors
Another significant benefit of a time clock app is how it reduces payroll errors. Of course, mistakes are bound to happen in payroll, and these errors can be costly. Money spent in overpayments, and time, as well as money spent fixing these errors, can quickly add up.
But with a time clock app that connects with your payroll processing software, you won’t have to worry about potential mistakes arising from the transfer of information. That’s because the information from the employees’ punch in and out will be automatically transferred to the payroll system. It is as simple as that!
3. A higher level of security
Timecards filed out by employees have no guarantee that they are the factual reported time. Whether intentional or not, your workers may record shorter breaks or lunches and receive more pay than they should have earned. In addition to that, your company runs the risk of “buddy punching,” which happens when one of your employees decides to fill out a time card for another employee because he/she was either late to work or absent. But this kind of thing cannot happen with a biometric fingerprint on a time clock app, thus reducing “buddy punching” issues and time theft. A time clock app ensures that all employees are compensated for the work they have performed.
4. You can create better schedules for your employees
Once you start accumulating data about your team’s work ethic, you can easily know what tasks your employees handle best and at what times of the day. With this data, you will be able to create a special daily work routine for all your employees.
This will not only improve your business performance but also employee engagement as they will spend more time on tasks they enjoy doing.
5. Helps to boost morale
While it may come as a surprise, a time clock app can help boost morale among your employees. Without accountability, your employees may feel pressured to cover for their colleagues who arrive late or don’t report to work. This can cause frustration and stress. In addition to that, when your employees see their colleagues getting away with time theft, they will not only feel discouraged but they can also get tempted to involve in it themselves. This will lead to a loss of morale at work. But with a time clock app, it will be pretty hard for employees to cheat the system as they will be held accountable. This will improve fairness in the workplace and create a more productive environment.
6. You can manage employees remotely
Finally, using a time clock app allows you to manage your employees remotely. You won’t always have to be on-site to ensure that all employees are reporting to work on time and working all through their shift. This is especially ideal for business owners with several businesses in different locations.
Final thoughts
Time clock app is a technology whose power can never be underestimated. The correct application of this technology can help increase your business output as well as employee accountability. So, if you haven’t started using this app in your company, this is the time to do so and start enjoying its incredible benefits.
