A New Dawn for Time and Attendance Technology

Discussion in 'Articles & Tutorials' started by harjos, Jan 3, 2011.

  1. harjos

    harjos
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    For years, time and attendance software has been the least sexy cousin of the work-force management family – a humdrum tool lacking payroll’s sense of urgency and analytics’ flair for number crunching. But that’s slowly changing.


    These days, time and attendance software is quickly gaining a reputation for generating more accurate data, boosting revenue and cutting labor costs. According to a report, the best-in-class companies surveyed were able to improve the accuracy
    of time data by 65 percent and decrease overtime costs (as a percentage of payroll) by 59 percent by using time and attendance solutions.

    More and more companies are now struggling to manage an increasingly mobile, culturally disparate and geographically scattered work force. “A lot of the renewed interest in time and attendance systems has to do with the changing demographics
    of the work force,” said David Weldon, author of the "Evolving Time and Attendance" report. “Companies are trying to capture, analyze and measure data from a lot of different locations for a lot of different people. That’s getting harder and it takes more work to do it right.”

    Time and attendance technology is also helping reduce time theft by employees intentionally clocking in early or taking extended lunches and breaks. According to studies by the Robert Half Finance & Accounting and the American Payroll Association,
    time theft per employee typically exceeds 10 minutes per day. For a large organization, this can result in hundreds of thousands of dollars worth of unnecessary expenses.

    Employee Scheduling Another evolving use for time and attendance software is staff scheduling. A survey reported that 34 percent of its survey participants cited the need to respond to changes that impact scheduling as a top pressure driving time and attendance.

    Strict government regulations on employee workloads can also come into play. Companies that set up alerts within a time and attendance system and integrate
    with an employee-scheduling solution can take steps to change an employee’s schedule rather than go into overtime. A time and attendance system, on the other hand, safeguards against human error and boosts payroll accuracy.

    Source: http://www.hrworld.com/features/new-dawn-time-attendance-060308/
     
    #1 harjos, Jan 3, 2011
    Last edited: Jan 3, 2011
  2. angelOnEarth

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    Interesting post! :)
    Time and Attendance Technology or Time tracking software if I may call it, usually makes monitoring employees simpler, however mostly web based tools has flaws. You might not able to monitor your staff accurately. One example of a time tracking software flaw is that real time tracking relies on the user entering the details of the task they are working on, as they are working. Unless prompted, most people will never remember to track their time, or enter the task they are working on. What usually happens is that people forget to track their time and they’ll end up spending more time trying “guess” what they did during the day, at the end of the day.
    So I suggest that no matter how amazing you think it is, you should pick a tool that's accurate. ;)
     
  3. MichaelFrayn

    MichaelFrayn
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    Its a great thing that Time and attendance technology is also helping reduce time theft by employees intentionally clocking in early or taking extended lunches and breaks....
     

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