Time management is one of the most important factors when trying to successfully grow and scale a company or organization. Not only does this help with knowing when and where employees are working, but it can also drastically help with financials as well.
And while the common thought of time management software and solutions is simply for employees to check in and out, there is actually a lot more to it. It’s also important to realize that organizations are no longer using check in and check out cards that are stamped by individuals. Now it’s all being done seamlessly through applications and online platforms that connect everyone, making sure they are all on the same team.
After reading through each of the highlights and benefits below, you should have a much better understanding on how to better manage your time, employers and the many reasons why using timesheet software improves accuracy and ROI across the board for organizations of all sizes.
Features of Timesheet Scheduling Software for Businesses of All Sizes
You should already have a good idea on the concept of timesheet scheduling software and how it works, while also improving your business and day-to-day operations. If not, you definitely will by the time we are done with this article.
Below we have outlined some of the most efficient and effective ways that timesheet solutions can improve nearly all aspects of your business or organization.
Automate Timesheets and Reduce Paperwork
The thought of having to document and collect timesheets from individuals isn’t just outdated, it’s completely chaotic. Not only does this lead to a potential mess and build up of unnecessary paperwork, it can also lead to incorrect payment and working hours as well.
Through the use of a timesheet solution, digital tracking and an easy to use platform can sync team members and accounting all on the same page. With just a few clicks of a button, staff can show where they are, when they are checked in and have their data immediately live in the system.
Time Tracking Software Offers Real-time Visibility
Keeping everyone on the same page and knowing who is working where and when is key. When a reliable timesheet tracking solution is in place, this can keep everyone aware and updated on who is working and what they schedule at all times.
With such accessibility in place, not only does this keep everyone in the know, it also eliminates wasted time by waiting on others or wondering where they might be at a specific time or date.
Staff Downtime and Productivity
For anyone that’s ever had a very busy job and is constantly pulled in different directions throughout the day, you likely already know how hard it can be to take a break or even eat lunch during the day. More often than not, some employees have so much work on their plate, that lunch is often missed altogether.
Once again, the benefits of time scheduling applications play a key role here, in helping employees make sure they know when they have time to take a break, while also letting the organization know as well. With such allotments in place, this not only improves the scheduling of time throughout the day, but also makes sure employees are getting their necessary breaks and staying productive throughout the day.
Tracking of Accurate Labour Hours, Costs, and Profits
At the end of the day, every business needs to make sure their employees are working the correct hours on a daily basis. This isn’t just to make sure the work is getting done, but also so outgoing payments are correct as well.
With a timesheet software solution in place, the ability to calculate employee wages for every shift is a whole lot easier than having to deal with paper-based time sheets. Some solutions will also provide advanced wage tracking that includes any local laws or employment contracts (including overtime pay and premium rates), which can all easily be tracked and managed for each employee.
Timesheet Integration Across Existing Payroll Systems
Last but not least, when it comes time to choose a timesheet solution for your business or organization, it’s important to choose one that integrates with your existing payment solutions. As more organizations are looking to automate their payrolls and also provide better options for paying their team members and employees, it’s important to consider all integration options.
With well-known payment and tracking solutions like Xero, Sage, Square, Quickbooks and more being used by different organizations, integration is key. In most cases, premium timesheet solutions can sync employee pay rates and export existing timesheets within a matter of clicks.
Why Every Organization Should Be Using Timesheet Solutions
Running a successful business or organization can be tough. In addition to the bottom line and making sure your revenue is increasing quarter after quarter, it’s important to make sure the foundation and infrastructure of your team and employees is working at peak performance as well.
Having read through each of the listed benefits and features above, you should have a much better understanding on why and how timesheet scheduling software is being used to improve many different areas of a business — and not just to make sure employees are working and getting paid when they’re supposed to.
With all of that being said, be sure to consider the many different options out there for timesheet scheduling and payroll management. No matter what process or solution you currently have in place, it shouldn’t be hard to upgrade to the latest technology and solutions that are being used by millions of businesses and organizations today.