WORK CLOCK IN CALCULATOR MANUAL
WORK CLOCK IN CALCULATOR SOFTWARE

Disputes can be quickly resolved with data that is synced from the app to the back office. Workers and employers alike are held accountable. Just as geofencing can put an end to practices employers dislike such as buddy punching, the technology can also work in the employee’s favor. On a busy worksite, confusion or disputes about hours worked can delay a paycheck. By using a time tracking app with geofencing, uncertainty is eliminated. Geofencing products like ExakTime work by requiring a worker to clock in and out with their own digital pin inside the geofence. GPS time tracking allows you to see where employees are located for every punch, ensuring employees are where they are when they say they are. Couple GPS with geofencing, where a digital fence is added to a worksite, and companies can further eliminate time theft. The workforce management options offered by ExakTime have systems in place to eliminate overpayment. ExakTime Mobile’s time clock app utilizes FaceFront Biometrics to make sure employees can’t punch in and out for other workers.

Two-thirds of all US businesses fall victim to employee theft and an extra 15 minutes here and there can really add up. “Buddy Punching,” where an employee has another employee clock them in or out when they’re not at work, can lead to hours of false work records every month, costing you in payroll. Hour inflation is a problem faced by employers with a remote workforce of 20 workers or 200-and those minutes and hours add up to a significant and unnecessary monetary loss.

WORK CLOCK IN CALCULATOR MANUAL

Manual Processes Can Lead to OverpaymentĪ huge financial drain on a company’s payroll process is overpayment, e.g., paying your employees more than what they worked. Time rounding and time theft are typically the reason for overpayment. Unfortunately, not every employee you hire will be 100% honest or have your best interests at heart. Good news: the calculator mentioned in the title and above shows you just how much you can start saving with a 100% accurate digital time tracking system. Even with the best training and due diligence, human error cannot be completely eliminated.ĭigital clock-ins that must occur on a job site (or that use a mobile phone’s GPS capabilities) and an automated payroll system that integrates with your accounting program is the easiest way to nearly eliminate the costs associated with human error. It doesn’t take even dozens of employees for that error rate to quickly add up to a significant financial drain on a business. According to ExakTime’s Payroll Savings Calculator, there is an error rate of up to 8% of payroll for a given pay period. Transposed numbers, misread times and calculation errors happen. When calculating payroll manually, there’s always a risk of human error. Manual Processes Leave You Open to Human Error And, with AccountLinx, the data can be synced directly with your payroll program. If any employee’s time punches are missing, that can be seen during the week-so there won’t be a last-minute scramble to ensure delinquent time sheets are in by the payroll deadline. Your payroll processor can simply sync the numbers and in seconds you can create payroll reports.

WORK CLOCK IN CALCULATOR SOFTWARE

Records collected by either the mobile app or ExakTime’s rugged time clock are automatically pushed to software in your office, eliminating the need for time-consuming trips to multiple job sites to collect time records. That six minutes could take longer if you need to decipher data due to sloppy handwriting. According to research by EY, just under 30% of HR processes, like entering time cards, could be automated, freeing up valuable time for other, more strategic, work.Īutomated time tracking solutions, like ExakTime, make calculating payroll more efficient and accurate. Manually Processing Paper Time Cards Wastes TimeĪs mentioned above, ExakTime’s Payroll Savings Calculator estimates it takes six minutes to manually process a paper time card. 3 Manual Processes Can Lead to OverpaymentĪn automated time tracking system, like the ExakTime time clock app and rugged time clocks, allow companies to plug in their own business’s data, such as number of employees, average hourly wage, the wage of your payroll processor and the average hours in a workweek for your employees. The result is savings in three big areas: wasted time, human error and overpayment.

Work clock in calculator