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Buyers Guide
Time Clock Software
What is time clock software?
Time clock software, also known as timesheet software, helps business managers track and manage employee hours, including their in-time, out-time, attendance, schedules, and paid time off. It allows employees to clock in and out using a computer or mobile device and records the time and date. Time clock software can also generate reports and alerts to help managers monitor employee time and analyze labor costs on a per-project basis.
How do small businesses track time?
Small businesses use a time clock app or timesheet software to track employee time. It provides digital timesheets that automate the employee time-tracking process across multiple locations. Here are some key features of time clock software:
Online time clock: Allow employees to clock in and out through a web-based platform that can be accessed from any device with an internet connection. An online time clock tracks and stores in-and-out time information in a central database for further analysis.
Timesheet management: Monitor and analyze the time spent on specific tasks and projects. This helps managers calculate the amount of time and resources that are needed to complete a project, as well as to ensure that employees are working efficiently and are being fairly compensated for their work hours.
Vacation/leave tracking: Allow employees to submit time off and leave requests, which are forwarded to managers for approval. This feature enables employees to mark leaves in their calendars and sends instant alerts whenever a leave request is opened and edited by managers.
What is the best employee time clock software?
With employees’ work-hour data, businesses can make data-driven decisions and think of better strategies to improve productivity. However, picking the right time clock software that aligns with your business requirements is not easy. To make this choice less challenging and find the best solution based on user reviews, you can look at GetApp’s Category Leaders report for time clock software. This report features top-ranking employee time clock software having the highest ease of use, functionality, customer support, value for money, and the likelihood of a recommendation.
How does time clock software help SMBs?
Reduce manual time-tracking errors: Time clock software allows employees to clock in and out using their computer or mobile device, which can help ensure greater accuracy than manual time-tracking methods, such as punch cards or paper timesheets. Manual payroll management requires staff to collect employee timecards, calculate time worked by individual workers, and compute total payroll using hourly wages or salaries. The tool also auto-populates recorded time data on employee timesheets, minimizing calculation errors and reducing associated time and effort.
Improve productivity: Time clock software can help employees and managers stay organized and focused by providing them with a clear view of how much time they spend on specific tasks and projects. This can help employees prioritize their work and avoid overbooking themselves, and can also help managers identify areas where employees may be spending too much time on non-essential tasks.
Ensure efficient client management and staff scheduling: Client-facing businesses work on multiple projects for different clients. For them, tracking time and revenue is crucial but can also be frustrating. With a virtual time clock, time-tracking software provides real-time reports on time and revenue spent on each project. This information helps managers prioritize projects based on revenue and time required and schedule staff accordingly.
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