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How Does Clock-In Software Improve Business Profitability?
Joy Sullivan
Are you worried about your team's productivity? Indeed, managing human resources is often a challenge, especially for someone with an HR management background. Employee time mismanagement can be a big threat to your business. How can you ensure your team puts in the time you are paying them for? You will find clock-in software very useful in tackling this challenge. It will raise your profitability in several ways:
Improved Productivity
Clock-in software starts the timer when the user is logged in and stops every time they log off. It keeps an accurate tally of productive hours. It is unlike the old system of punching-in, which is open to abuse.
With a tally of productive hours, you can compare an employee's output and performance. It is a powerful motivator, more so when the employees are paid per hour. Your team will be motivated to put in their hours and earn their keep. Raised productivity translates to more revenue and profitability.
Easier Payroll
Manual payroll processing is very inefficient and open to abuse. There can be inaccuracies that cannot show employee off-days, vacations and other hours not worked. Paying for this time is a loss.
Clock in software enhances payroll accuracy. It keeps an accurate log of hours worked, including unscheduled breaks. It becomes very accurate when combined with an accountability system like an access control system. Accuracy reduces payroll wastage.
Better Employer/Employee Relationships
Payroll matters are a potential point of conflict in many businesses because neither party wants to feel cheated. Employees can get very dissatisfied if they feel the business is robbing them, while employers will feel they are not getting value for their money. Having a neutral and verifiable tool for recording helps settle these payroll disputes. A happy team is more collaborative and productive.
Enables Flexible Working Setups
Flexible work setups allowing team members to work away from the office are becoming more popular. Businesses are also discovering it is possible to source affordable skills in other parts of the world.
But remote working requires accountability. You can only know you are getting your money's worth using an acceptable tool for both parties. Clock-in software ensures you get value for money regardless of the team member's location.
Remote working setups have the added advantage of reducing office overheads. You reduce expenditure on rent and other overheads, which raises your profits.
Would you like to see higher transparency in your payroll? Talk to a software provider, such as Commercial Technology Group, about clock-in software for your business.
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