Below we dive into the most essential reasons you need a time clock app for business. We already took a quick stab at why time tracking is so hard, and now we want to shift focus. Why You Need a Time Clock App for Small Business That’s why making the switch to a time clock app for small businesses can help save the day – and every day after. And these are just some basic examples of why time tracking is such a difficult task for managers to execute. Especially if you or your team is not immediately writing down when you clocked in and clocked out, the guesswork begins – which makes running payroll a nightmare as well. For example, accuracy and rounding up or down is more commonplace and the easiest error to make. On top of that, breaking the laws regarding time clock rules can lead to your business being penalized by needing to pay substantial fines for every breach.īut why is time tracking so difficult to manage? Well, if you’re still using pen and paper to track your activities and the time spent on them, the door is wide open for mistakes to happen. According to FLSA, employers are required to have an accurate record of each hourly employee with a detailed breakdown of the number of hours worked per day and per workweek, the date and time of the starting workweek, the hourly pay rate, regular earnings, all overtime hours worked and overtime earnings. And the list just goes on.Īdditionally, we can’t overlook one key reason time tracking is so important – it’s required by law! FLSA (Fair Labor Standards Act) requires all businesses track their employee’s work hours as part of their recordkeeping. You know if your staff is working at a healthy pace. You know if you’re actually making money on the work you’re doing or if you’re burning through cash. You know what your hourly workers need to get paid. And that’s because time tracking shines a direct and immediate spotlight on the most crucial aspects of your company. When you’re a small or medium business owner, you know that time tracking is as indispensable as accounting or payroll, or human resources.
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