Employee time tracking is the process of recording the hours worked by each employee in an organisation. Accurate time tracking is necessary for various purposes like payroll calculations, project management, and labour cost analysis.
Employee time tracking can be done manually using paper timesheets, time clocks, or spreadsheets, or through technology-based methods like time tracking software, mobile apps, biometric time clocks, automated time tracking, and online time sheets. However, manual time-tracking methods, such as paper timesheets, can be prone to errors and time-consuming. Some organizations opt for hybrid methods combining both manual and digital approaches.
Technological advancements have led to the development of efficient time-tracking solutions like dedicated software solutions and biometric time machines. With the help of time-tracking software, the entire process of recording employee hours is automated. It effectively eliminates the need for manual entry. This software can also give you access to features such as clock-in/clock-out functionality, project tracking, overtime management, reporting, and analytics.
Implementing an efficient time-tracking system offers numerous benefits. Since most companies have unique attendance policies, the number of days and amount of hours each employee works is important for them to track and it can allow the business to ensure accurate payroll processing as the software eliminates errors and inconsistencies. Additionally, productivity gets a boost when employees do not have to intentionally keep their focus on time and instead focus on tasks.