Businesses in the food, hospitality, wholesale and retail industries face many challenges on a daily basis. From creating the perfect menu, to designing a space with nice ambiance, to providing customers with an enjoyable experience, there are a lot of moving parts a business owner in these industries has to juggle to ensure things run smoothly.
Maybe more so than other industries, they also must face the substantial challenge of creating complicated employee schedules, updating those schedules on the fly and managing the time of those employees. Not only are these time-consuming tasks, they are subject to human error, which can result in huge losses for the business.
According to a Quickbooks survey, employers in the U.S. say they are forced to correct errors made on 80 percent of all the timesheets submitted by their employees. Some of these mistakes are not done with malicious intent, but some are. In fact, according to the survey, 49 percent of employees admitted to “time theft,” which in total costs companies more than $11 billion per year.
Those are eye-opening statistics – ones that emphasize just how important it is to effectively and accurately manage schedules and time tracking.
Today, wholesale and retail companies have the opportunity to cut down the time they spend creating schedules, and increase the accuracy as well, through the use of time and attendance software. The best options, in this regard, are those that cater to the business’ specific needs and help them solve problems they may have. Since every company is different, the most challenging part is to deliver a customized software platform to address the needs of the specific company
While difficult for software companies to do, this customization is what is so appealing to businesses – and why Mitrefinch is one of the leading providers of time and attendance management software.
Through Mitrefinch’s suite of products, businesses can:
- Streamline employee scheduling as well as compliance
- Eliminate manual work through pure digital solutions
- Monitor real-time employee time and attendance
- Predict seasonal and/or day-of-week variations to ensure proper staffing levels
- Reduce overall staffing costs
- Eliminate costly administrative errors
Time Management software can bring businesses up to today’s standards with time and attendance management. All schedules can be created and distributed electronically, and all employees can clock in and out of work using digital tools.
With an additional implementation of biometric scanning for these tasks it eliminates any unnecessary barriers to tracking time, as well as any fraud that may be taking place.
Since each business may have specific problems and/or needs, time and attendance software should be tailored to the business.
The reason such a solution is able to attract so many big customers is because of the versatility of the solution. Not only can the software help track hours and create schedules; it can also help businesses conform with complicated contracts with employee unions and/or rules and regulations set forth by government or public entities.
The best results can be achieved when customers are able to define what they want and need, and the platform is being built for them – no matter how difficult or complex.