Time clock software is an important piece of your payroll service solution. It tracks the number of hours your employees work and can even prevent other employees from punching-in or punching-out on behalf of other employees.
Since the payroll department will pay each employee for their accumulated hours in accordance with the payroll policies, errors of just a few minutes per day can lead to several thousand dollars in extra payments for your company.
A major advantage to using time clock software is that it reduce costs to your business by ensuring employees are only paid for time actually worked. Once integrated into the payroll service process, time clock software systems can significantly reduce the amount of time required for your administrative staff to track, record and monitor employee time and payments.
Time clock systems can also alert management teams to potential employee attendance issues before they become major problems. Before selecting and installing your time clock system, make sure you have a well-planned time and attendance policy in place so that corrective measures can be taken if problems are discovered.
Some popular options of time clock software and attendance solutions that a company can deploy include:
PAYDAY Workforce Solutions provides a single database SAAS solution for Human Capital Management (HCM) including payroll, human resources, time management, benefits administration and onboarding to companies of all sizes and in various industries.
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