Why It Matters To Have Time Attendance Machines?

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Why It Matters To Have Time Attendance Machines?
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The nature of business is to provide a service or
product and this is only possible when youve got
an employee to create, manage and distribute it.
Therefore, it means that attendance and time
plays a critical role in a companys
functionality.
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Paying for this labor is perhaps the largest
expense a business can incur. Even though the
cost of labor varies across industries, it
generally accounts for up to 50 of operation
costs. Thus it is imperative to have effective
payroll management practices. This is where time
attendance machines step in!
A time and attendance device provides several
operational features to payroll management. It
aids in budgeting, forecasting, compliance and
staff scheduling. For an organization to be
effective, it must be able to manage and create
staff schedules to get work done on a regular
basis.
Heres how Time Attendance Machines can help
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(1) Prevents Underpayments and Overpayments
Ensuring employees do not get overpaid or
underpaid is easy when youve got a small
workforce. However when youre dealing with a
large group, the chances of making payroll
mistakes is quite high. Imagine having to
manually track break times, late times, absences
and early leaves for ten, twenty, thirty or even
fifty employees. You can expect to make a few
mistakes. Over time these mistakes will be
detrimental to the companys success.
You can avoid time miscalculations with a time
and attendance system. Since the clock in and out
process is computerized, theres little room for
error. As an HR person, youll have first hand,
accurate information about the comings and goings
of each employee.
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(2) Improves Team Morale
Even though you will always get a few employees
who are habitually late or prefer to leave early,
most employees like to comply with the rules and
especially timeliness. Without a Time Attendance
System to track each employees time, those who
arrive late and or leave early will get paid the
same amount as those who were on time.
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This is unfair to the employees who follow the
rules and to the organization. Eventually this
will lead to resentment between employees, not to
mention a breakdown in work ethics and
motivation.
You can prevent all the short comings with an
automated time system. It forces each employee to
be accountable and those who are, will be awarded
accordingly.
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(3) Enhances Business Growth
Forecasting resource and demand requirements
whether its one, two or five years down the road
is a popular business practice. It is also rife
with errors and miscalculations. For an HR team
to be able to forecast realistically, it must
have accurate and factual data on hand. This
information can only be provided over time by a
time attendance system.
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When your organization has accurate information,
it can make sound predictions about the future.
This helps your company formulate a more accurate
plan to achieve targets.
Time attendance machines are invaluable tools for
every organization. To learn more about this
system, please contact TimeLabs.
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Get In Touch
Contact Person - Devesh Bhartiya Address -
69/9, First Floor, MLA Towers, New Sanganer
Road, Mansarovar Jaipur 302020 Contact No.
- 91-141-4029605 Official email -
info_at_timelabs.in Website - https//www.timela
bs.in/Biometric-Devices