The words ‘time and attendance’ combined are commonly encountered in the business world, but do you understand exactly what ‘time and attendance’ is and why a lot of the top companies in New York are using it? It can be regarded as one of the company’s main foundations, taking into consideration that a large percentage of every company’s revenue is directed at the benefits and compensations of employees.
In the eyes of a business, time is the accumulation, reporting, calculation and incorporation of all necessary data for the compensation of employees. Attendance is the accurate and systematic tracking of employee’s absence and in doing so, providing a fair and precise implementation of the company’s attendance policy. It is well known that companies in New York that use manual time and attendance systems can lose thousands of dollars annually in payroll calculation due to human error.
To save on time and human error, an automated time and attendance system is far superior. Calculating an employee’s number of hours worked and tracking time-in and time-out of employees is simple with automated systems. The systems can even keep account of vacation and sick time.
There is little doubt about the return that employers in New York get when they employ automated time and attendance systems to their companies. Spending a little bit of money now can provide great dividends in the long run by saving money that would’ve been otherwise wasted.
In summary, precise time and attendance is equally important for employers as it is for employees. Each employee wants accurate payment and every employer wants to reduce money wastage. By investing in your time and attendance system, you will make the payment process considerably easier, more accurate and efficient.
If you are a company in New York and you are interested in time and attendance systems and software, then please contact us on (888) 238-8704, email email@example.com. We would be delighted to answer any questions that you might have.