Finding ways to improve your company’s bottom line is central to running a successful business. One way that a growing number of companies have found to do this is through having automated timesheet systems. Lets take a moment to talk about how such a system can benefit your hourly employees, salaried employees and management.
Managing hourly workers should not be a hassle. When workers come in, they should be focused on their task and not the general operations of the company. With automated timesheet systems implemented in your company, workers will never have to worry about recording their time. Instead, their time will be recorded automatically. No longer having to bring in a punch card, workers are instead responsible for making changes if something happens to their schedule. While this may require a little more time than using a punch card, individual workers rarely deviate from when they should be working, resulting in more time saved overall.
For many positions within a company timesheets are still required. With many automated timesheet systems, what you are doing at work can be automatically tracked and added to your timesheet. This removes the hour or so a week required to accurately write down every important thing you did during the day. Smart rules allow for real time automated logging, recording used applications and providing a summary of what was done for management. With no effort on the part of a salaried worker, everything they do can be recorded.
One of the best reasons to invest in implementing an automated timesheet system is to reduce the amount of money spent on administration. With such a system, you require fewer workers in the office to sift through, process, and store the information they receive. In addition, having all of your worker information in one place allows for accurate project budget control as well as forecasting abilities pertaining to what future employment may look like.
Having automated timesheet systems can increase your profits by more accurately recording your time. Billable verses non-billable hours are carefully recorded, improving your productivity and work history accuracy, and you can use this information for better future project budgeting. As a last thing to consider, many automated timesheet systems can create spreadsheets of this information in formats easily readable by software like Microsoft Excel.