It’s true that time is an infinite resource. But in the world of business, it isn’t. While we all have 24 hours in a day (which reset on the next day), every single minute makes a difference between a successful and a failed business. An hour wasted could mean a million loss for a large company or a few thousand dollars for a small business.

 

Thus, the importance of an effective employee time management strategy in the workplace cannot be overstated. Here are five ways an employee time tracking strategy can benefit every business owner.

 

1. Accurate time and attendance tracking

Aside from the fact that manual employee time tracking is a laborious process, it usually leads to errors. Automatic tracking eliminates human errors, inconsistencies with data, and discrepancies which all result in issues with payroll processing and poor data analysis.

 

2. Improved staff productivity

Since they know that their time is being tracked, employees are more motivated to make every second count. For the HR team, automating employee time and attendance tracking, using a proper time management system, means less work for them, allowing them to focus on more important tasks.

 

3. Better employee engagement

Making use of performance management tools that help businesses track and evaluate the work and development of their staff leads to increased employee satisfaction.

 

4. Payroll abuse and time fraud prevention.

By using an effective time management system, like managers can easily identify behaviors like skipping shifts, buddy punching, and absenteeism, among others. At the same time, since employees know that they are being tracked, there is most likely performance improvement in the long run.

 

5. Higher employee morale

When there is a time tracking software, honest employees feel more secure knowing that slackers will not be able to play around with the system, thus, performance management is fair and square. Furthermore, it makes them feel empowered as they get more control over their schedules with self-service features like filing vacation requests.`

 

Implementing an employee management system is one of the best workforce management solutions that every business owner can embark on to improve time management among their staff. TriblockHR has a robust time management solution that automates time and attendance, while managing the entire process, so you don't have to.