Time is Money: Keep Track of It With Time and Attendance Software

Business.com / HR Solutions / Last Modified: February 22, 2017

The days of the punch clock have gone the way of the rotary dial phone and Atari computer games. Are you up to date?

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Knowing what your employees do, where they do it and when they do it is essential in order to control costs and maximize the use of your resources. Today's time and attendance software systems take into account that time is money, and track much more than just punches in and punches out. You can track and analyze the data between the punches and use this valuable information to reduce employee turnover, improve business productivity and help transform business processes.

Why is this important?

According to research conducted by the American Payroll Association, the average employee steals about 4 hours every week. They also found that businesses that implemented a time and attedance system reported up to a 4% annual savings on gross payroll. Time theft is a real thing and for some reason, some employees believe that time theft isn't on the same level of wrongdoing as material theft. 

The Business.com Guide to Time and Attendance Systems will help you determine what time and attendance management features and options are available and which one is the best is for your business.

Download the guide now and gain access to:

  • A comprehensive overview of Time and Attendance Systems
  • A breakdown of the various types of systems
  • A comparison checklist to help choose the right vendor and system
  • And more!
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