How Not Tracking Time And Attendance Can Cost Your Busines

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How Not Tracking Time And Attendance Can Cost
Your Business
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• Cost cutting and profit making are high on the
  agenda of most companies the world over, and
  while much effort is put into seeking ways in
  which to encourage both these aspects of a
  business, tracking time and attendance is often
  overlooked.
• One of the primary functions of any business is
  to track the time and attendance of its
  employees, and doing so can also help your
  business to cut costs and boost its profits,
  heres how

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• Time and attendance tracking ensures that
  employees only get paid for the work they do
• You may trust your employees and want to show
  them this by not asking that they clock in, and
  by relying on them recording their hours on a
  timesheet and handing it in to you before their
  wage is calculated, but no matter how trustworthy
  you believe your staff to be, this is not the
  most effective way of monitoring the time that
  they have spent working.

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• Even if your most hard working member of staff
  turns up a few minutes late every now and then,
  these minutes can all add up and will mean that
  youre paying this person for being present at
  their workplace, when they werent. This may seem
  trivial, but yours is a business and not a
  charity, and why would you pay someone for not
  being at work? Not only that, but every minute
  that theyre not at their workstation, means less
  productivity and potentially less profit. Most
  businesses, no matter what their size, cant
  afford to be losing out in such a way.

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• The same also applies to any salaried staff that
  you may employ just because someone is on a
  salary so receives the same regular payment,
  doesnt mean that they are working effectively
  during their shift. Perhaps a member of your
  salaried shift has a quota or target to meet, and
  when theyve met that, they may feel less
  inclined to continue working at a consistent rate
  right up until the end of their working shift.
  They may even leave the premises early, feeling
  that as theyve met their target for the day -
  and will be paid the same whether theyre present
  or not they may as well get home an hour early.

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• Wouldnt time and attendance tracking be a burden
  for the management staff?
• It doesnt have to be a burden by any means,
  there are plenty of companies out there offering
  time and attendance tracking systems that will
  make things easy for you and your management
  team. They will have software that they can
  install to take care of this for you, making
  calculating hours and over time for each
  employee, so much easier and far more accurate.

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• Costly mistakes are avoided and the potential for
  saving you money is greatly increased. Your
  employees may still be able to enter their own
  hours into the online payroll system, but since
  they can only do so whilst being present at their
  place of work, you have the peace of mind that
  they are being paid only for what they deserve.

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• Apollo Payroll is one of the premier small
  business payroll services companies in Miami and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  online "payroll services", "employee background
  check" and employee timekeeping services.