Software for Time and Attendance – Is It Really Necessary?

It’s easy to ignore the importance of tracking employee time and attendance. A lot of the small companies who do their tracking on Microsoft Excel spreadsheets might argue that it’s not worth investing in time tracking software. I know a lot of companies who have a spreadsheet for each project, and every Monday each employee needs to locate and update the spreadsheet for each project they had worked on during the previous week. Imagine what happens in a multi-client, multi-project environment? The complication can be overwhelming.
Always keep in mind: the most important resource is your workforce – and it’s important to ensure that employees spend their time in the most productive way possible. If you run a business and you spend a considerable amount of time out of the office – fairly common when you have clients to meet and other aspects to check on – it can be difficult to keep tabs on employee time and attendance. There are many small companies that are looking for approaches that will enable them to save more money. Many of these money saving approaches involve recognizing that they will save not only money, but time and get far more accurate data by using a time tracking software. As time and attendance tracking software are now cloud-based, there is absolutely no maintenance required. A computer with internet capability is sufficient to operate the time tracking system and manage your project status; revising, updating and correcting data related to your project details on-the-go resulting in a faster and productive workforce. Also, time and attendance software will arrange data electronically in a timesheet so you can export it to text files, spreadsheets and it also expedites management to share critical information. Thus, it can help keep project scope and budget under control.

Time and attendance tracking software has many features such as business administration and can easily identify those who are working and those who are absent. This can also help organize the working system in a better manner. It will help management sustain the function of the workforce and assess its performance, as well. Employee time and attendance is highly critical in running a profitable and productive business. With employee time tracking software, you can ensure high employee performance and  productivity as well as improved allocation of your resources. Timesheets have the capability of scheduling that allow supervisors to keep a time table for every employee. Most importantly, this software helps judge the efficiency of your workforce and apply various cost-saving measures effectively.
 

 

ABOUT THE AUTHOR
Abhishek Merve
Get started today.
Set up a free trial based on your business needs. Start Free Trial

Top Challenges that Large Services Organizations Need to Tackle Now

Unforeseen market dynamics, the rise of disruptive technologies, new business models, and global competition are transforming the business landscape, especially large services organizations. As revenue growth slows down, professional services…Read More

Top 5 Mobile Timesheets On the Go to Make You More Productive in 2022

Time tracking software is the backbone of every company when it comes to recording time and attendance as well as project management. The demand for such software is always increasing…Read More

How can Large Service Organizations Maximize Resource Utilization to Drive Higher Project Profitability

Large services organizations are facing several challenges in their business. On one hand, they need to maintain a flexible hybrid workplace that supports collaborations and can bridge the gap and…Read More

Demystifying the millennial workforce: 5 tips from Trunk Club’s Andrew Anderson Devine

Time magazine labels the millennial generation the “most threatening and exciting generation,” infamous for “narcissism [and] its effect: entitlement.” In the workplace, the perception of the millennial workforce is no…Read More

Time and Attendance Orientation Guide

In a growing business, the day will eventually come when managing time and attendance on paper becomes both inefficient and risky, especially when trying to balance things like overtime, paid…Read More

Using shared services? These five technologies are a must

As organizations continue to scrutinize operating costs and look for areas to drive efficiencies, shared services centers (SSCs) are a no-brainer. The concept of a multi-function SSC has been around…Read More
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Enterprise Time Tracking
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates
  • Others