June 2018 update: Small businesses not using a digital time and attendance system could be missing out on an easy way to increase employee engagement and retention, new research suggests.
A study from Paychex found that nearly three quarters of full-time U.S. employees expect their employer to provide them with the freedom to handle at least some HR-related tasks on their own. This includes several aspects related to time and attendance, such as clocking in and out and seeing their schedule.
Overall, four of the top five HR-related tasks employees want to be able to take care of without having to reach out to HR for support – updating personal information, managing paid-time off, reporting the hours they worked or clocking in and out, and reviewing their schedules – are part of today’s time and attendance systems.
The study found, however, that many small businesses are missing the mark in this area. Less than half of the business surveyed with under 20 employees provide their employees with the ability to complete HR tasks on their own.
Tom Hammond, Paychex vice president of corporate strategy and product management, said using technology, like time and attendance systems and online payroll services, provides small businesses with a real opportunity.
“Enhancing the employee experience through technology that empowers workers to be self-reliant will reduce the overwhelming HR workload many employers face and help enable such businesses to attract and retain top talent, boost employee engagement, and ultimately grow their business,” Hammond said in a statement.
If you aren’t using a time and attendance system that allows for employee self-service, you can read more about the options we suggest below. All of our suggestions include some level of employee self-service.
Accurately tracking your employees' time is a critical task for businesses today. Without a way to monitor the exact time employees are showing up and leaving, organizations could be losing thousands of dollars a year.
Research from the American Payroll Association revealed that the average hourly employee cheats their employer out of anywhere between 50 minutes and four and half hours by showing up late, leaving late and taking extended breaks and lunches.
Time and attendance systems help quell these time theft issues. Using these digital systems, you can streamline the employee time tracking process, improve accountability across departments, cut down on employee time theft, free up management's time to focus on other tasks and make it easier for employees to clock in and out.
There are many factors to consider when choosing a time and attendance solution, like making sure it offers a range of ways for employees to track their time, has added features like paid time off management and scheduling, fits in your budget and provides the type of customer support you want. With so many options out there, we want to help you narrow down the choices.
This guide highlights some of the features you get with time and attendance systems, provides an overview of their cost structure, and offers our recommendations of the systems we think are best for different needs. Our best picks include stratustime, TSheets, TimeClock Plus, uAttend, iSolved Time and Kronos. You can read more about each below.
If none of our recommendations work for you, scroll down even further to see a comprehensive listing of time and attendance systems.