Taking your business to the next level requires the implementation of modern tools that will help you streamline various business processes like time and attendance systems.
Time keeping software makes it easier to visualise and see where your hours are going. Always keep in mind that wisely scheduling your workforce hours will maximise your business’s efficiency.
We are going to explore what time and attendance systems are, what benefits you can expect and what are the most important things to look for in a time and attendance system.
What is a Time and Attendance System?
A time and attendance system is a software tool that serves to help you improve the efficiency of your business. Depending on the available features, you can use the system to see what your employees are working on, and how much time they are taking to get the tasks done.
You get a better insight into your overall company’s performance and which types of tasks take the most hours to complete. Over time, you can use this data to further optimize your business’s efficiency.
Overall, the time and attendance systems allow you to track employee working hours, establish efficient schedules but also use the data to streamline payroll management. Implementation of such a tool is a way to take a look at your business from a completely different perspective.
What are the Benefits of Time and Attendance System?
Using a time and attendance system brings a plethora of benefits for your business.
- Financial Management
- Employee Engagement and Wellbeing
- Valuable Data
- Outstanding Efficiency
- Inventory Management
Your workforce working hours are the biggest expense for your company. Therefore, it is essential that you ensure that those working hours are spent in the right way. Within weeks of implementing an attendance system, you are going to see where most of your money is going.
Once your employees are aware that their performance is tracked, they will be much more engaged. While the initial reaction might be negative in the beginning, over time, your employees are going to become happier, as they will know that everyone on their team is working hard to push the company forward.
The more time passes, the more data you are going to have. You can use the information to make better business decisions, as you can see repeating patterns from time to time. Therefore, you can more easily anticipate what is to come in the next quarter.
Efficiency ties in well with time management and attendance systems. You can create extensive schedules that will allow your workforce to tackle future challenges in the most optimal way.
Here at foundU, we’ve focused on bringing you all these benefits, however, we’ve also taken other things into consideration.
What Should You Look for in a Time and Attendance System?
Here’s what else you should look for in a time and attendance system.
- Ease of Use
- Integration Support
- Mobile-Friendly Platform
Many people overlook the user-friendliness part of a software tool. Opt for a system that is easy to use. Your HR department will more easily adapt to using such software.
Make sure that system you are planning to use supports unlimited users. You want a system that can scale with your business size, and that can also be smaller if needed, to cut costs.
Integration is very important. The more integration your time and attendance system supports, the better it is.