What are the Types of Time and Attendance Systems?

Whether your labor force consists of mostly salary or hourly team members, keeping track of your employee’s hours is critical to ensuring appropriate production and compensation. Any system for tracking time is better than none, but what types are there to choose from? Let’s take a closer look.

The most fundamental system is a good ole’ spreadsheet. This cost-effective solution works well for manually keeping time records when your business is just getting started. And depending on your excel formula expertise, your spreadsheet can be as simple or complex as you want. The only downside is that this option isn’t very scalable; it will quickly become obsolete as your business starts growing. If you happen to have extra time between starting a whole new business, a spreadsheet might be suitable for you.

Traditionally, the most common solution is legacy time clock hardware. Hardware like this can be as simple as a standalone clock that only records employee punches to robust systems equipped with biometric verification and payroll processing functionalities. This hardware is excellent if the hardware doesn’t break or become obsolete.

What hasn’t become outdated and which isn’t going anywhere soon are our smart phones. This trend is why we’re starting to see online time and attendance systems that offer all the same benefits as legacy time clock systems, and also seamlessly integrate into our mobile devices. Rarely do these online time and attendance solutions require any hardware, making for low to no startup costs. Also, online time and attendance systems usually include geometric functionalities so you can be sure your team is logging in from their worksite and not their couch. These geometric functionalities make these online solutions great for businesses with lots of traveling employees. If you need the best online time and attendance system, visit this website.

Whether you’re just getting started or running a Fortune 500 company, almost any business owner can benefit from a few extra bells and whistles. Reviewing and approving hours, shift swaps, or time-off requests can be streamlined operations with software that automates your time-tracking workflow. Not to mention, most software can be configured to notify you when employees approach over time, so your business isn’t hit with hefty non-compliance fines. And your employees will enjoy an easy all-in-one tool for clocking in and referencing their payroll and HR documents. Between the time and money that an online time and attendance system can save you and your business, investing in software practically pays for itself.

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