Global market intelligence expert International Data Corporation (IDC) predicts that nearly 75 percent of all workers will be remote within the next 5 years. Wow! This is a huge shift, even for today’s rapidly evolving workforce.
Yet increasingly, day by day, this shift is occurring. Access to small-screen smart devices, cloud-based SaaS (software as a service) packages, telecommuting technology aids and secure remote network access options are all major drivers of the shift towards a remote work force.
Companies that embrace the shift stand to reap big rewards, including productivity increases and overhead reductions. One key requirement for reaping these rewards is the adoption of employee tracking software.
In this post, learn more about how workforce management software can automate employee tracking for in-office, virtual and remote workers, while helping your company boost revenues and lower costs each day.
Be One of the 88 Percent
A full 88 percent of “best in class” companies have already made the leap to automated personnel management software.
Of course, companies that achieve “best in class” status represent just a sliver of the estimated half a million new companies that launch each month. Becoming one of the 88 percent is a high bar to reach for, but it is absolutely possible.
The best and brightest employees are naturally attracted to the 88 percent, because those companies are progressive about offering the workforce perks the most talented employees want and deserve. Flexible work hours, mobile workday tools, automation of routine tasks, career development services, tangible rewards for work well done – these and more represent the kinds of perks today’s top talent is looking for.
Keep reading to learn how employee tracking software can help your company attract and retain the best and brightest, both in your existing workforce and from the global remote talent pool.
Time and Attendance Module
The time and attendance module automates all of the routine tasks associated with working remotely.
Here are some key examples of how this software makes managing remote employees simple:
- Employees can access the software from anywhere and at any time on any authorized device.
- Tracking time can be done by hour, by project or by other customized means.
- Timesheet entry and editing is simple.
- The timesheet tool also tracks days off, sick days, leave and other absences.
- The time & attendance module syncs with a variety of payroll and accounting software to automate routine payroll, bookkeeping and tax preparation functions.
- Time-away requests (vacation, sick leave, personal leave, etc.) can be submitted electronically for a manager’s review and approval.
- By using the employee self-service tools built into the software, employees can review their own performance as a benchmarking tool.
- Managers have real-time documentation for addressing time and attendance issues as well as for recognizing and rewarding super achievers, even if they are located halfway around the world.
Remote Payroll Integration Module
Another time and cost-saving feature of employee tracking software is to pull together time tracking data from a diverse workforce and streamline the payroll process.
This means it no longer matters where a worker is located. Thanks to the tracking software, there is no delay in receiving the timesheet data and getting that data over to the payroll department for timely processing.
As well, any edits that need to be done can be completed in a few seconds just by entering the timesheet and making the needed corrections.
Finally, since all of the stored electronic timesheet data from each employee is fed directly into the payroll processing program, there is no risk of costly manual entry errors that can hold up payroll. This can also ensure even workers at remote locations receive their accurate paychecks without delay.
Remote Time Scheduling Module
As you continue using the employee tracking software, it begins to build a profile of each worker. You learn more about their areas of strength, where they need further development and where each is perfectly placed to maximize contributions to the company.
But most importantly, the software makes managing and scheduling a diverse and scattered workforce simple. At a glance, you can see pay rates, skill sets, daily and weekly availability (especially important for contract remote workers), which eases each manager’s workload when assembling weekly schedules.
This frees up each manager’s time to do what they do best – maximizing output from their work teams!