Over the years, many employers have become more meticulous about tracking their employees' hours using timekeeping software.
When employees enter their time into the program, supervisors are allowed to approve or reject it, making the tracking process faster and making it easier to schedule tasks. Stand alone software is often used to record timesheets and generate reports, according to wiseGEEK. In larger companies, this software can be integrated into an accounting system, working with data that is directly fed into company accounts.
In other situations, the software is used to track the employee productivity. Time tracking is beneficial for those working on multiple projects, according to HRCrossing. Email reminders to employee to enter in hours can also be beneficial. The record keeping keeps the information more accurately and objectively than entering hours by hand or using time sheets.
Time tracking software helps companies to easily store files. It also lowers the operating costs of the business, makes payroll processing more efficient, ensures labor costs are more visible and it automates the billing.
Ultimately, time sheets are not as efficient or as accurate as timekeeping software. The software saves money and business resources while ensuring that employees receive the correct amount for the hours they've worked.
Learn more about the benefits of automated time collection by downloading the free white paper entitled "Justifying the Switch to Automated Time Collection" from DMS today.