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Growing economic variation and inflation rate has changed business and organizational scenarios. Labor and time cost to track employee’s time and attendance and working hours to calculate payroll has compelled organizations to pay for decided rate between employee and employers irrespective of their work hours. This results in over paying employees and adds labor cost to calculate payroll each month. Due to absence of automated time and Attendance Management Software, your organization have ambiguous and vague idea about employee’s performance, their leaves and absences and their time theft habits.
This can lead to extra expenditure and less productivity, as reducing labor cost results in overpaying for the hours employee don’t work and reduced productivity. Some fact based reasons to prefer Time and Attendance Software over automated paperwork are
- Real time performance information
Using time and attendance software at each and every moment, your organization is aware of employee’s coming and going time patterns, their ability or time taken to accomplish a particular task and number of leaves taken. Reports of graph based performance will easily be generated to judge and compare employee’s performance and capabilities along with work patterns.
- Error in payroll calculation
Payroll Software available with time and attendance software can help in payroll calculation, with predefined leaves and incentive rules for each employee. So, there is no need to waste time calculating payroll and leave management separately for different ranks of employees. This minimizes labour cost as well as time and error-free payroll calculation can be done without overpaying to employees.
- Cost reduction of time sheets
Working on paper also adds cost on daily basis. It adds paper cost, printers cost and device’s maintenances cost too with loads of burden along with them. Still it have chance of data loss due to ignorance of HR manager of natural calamities.
- Management planning
Time and Attendance Software, provides ease to your organization in succession planning and fair decision making about promotion and performance based rewards or consequences on showing up bad performance.
- Increase in productivity
Reduction in labour time to calculate payroll, working hours, preparing timesheets and analyzing performance patterns results in increased productivity by focusing on organization’s work and tasks.
So, choosing to pay once for error-free and efficient solution rather than paying to labour for inefficient tasks handling, is a wise choice and need of hour. PeopleQlik’s Cloud HR Software enables your organization to calculate payroll and working hours keeping in track leaves, shifts and scheduling too.
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