Future Business Ideas

The main objective behind establishing an employee time and attendance system is to implement accurate labor management. Maintaining an error free record of employee time becomes an arduous job when the number of employees is more. The choice of an employee time and attendance system from a pool of latest software is very demanding task. The entry of such software has virtually wiped out the manual time sheet entry systems. The mechanical time clocks which were used as a basis to note the entry and exit time are obsolete. The semi automated systems of 90's has given way to the fully automated systems of today's business world. While nearly everyone has embraced automation, some companies refuse to upgrade.

The cost of employee time and attendance systems ranges from less than a thousand dollars to several thousand dollars. Some of the factors that influence the price are the number of employees to be monitored, the number of locations to track and the information reporting requirements. The employee attendance system should comply with the labor and state laws.

The main disadvantage of the manual employee time and attendance system is illegible or incorrectly calculated time sheets. This made the work of HR services too challenging as more time had to be spent to decipher the recordings. Moreover it is not transparent unlike the net supported attendance system in which any employee at any part of time can log in to the system to check the attendance sheet. The employee can also take the print out of the time sheet. The manual documentation can easily be tampered with undesirable additions and deletions. In some cases it was observed that the biased supervisors manipulated the employee time sheet.

Application of the computer based real-time systems has facilitated in improving the management of labor force. The advanced employee time tracking systems can be either server-based or web-based. Now the employees and the employer can access the attendance system without any geographical barrier limitation. This has made the job of Managers easy to track and monitor the attendance system. Most of the companies make use of time keeping software, employee time clock hardware, I.D. badges and biometric employee verification.

The compiled data from the employee attendance and time sheet is used to calculate the employee work day. This forms the basis to find out the actual time the employee has put in the office and the amount that they should be paid. Today the attendance systems are so advanced that the data can be automatically consolidated across multiple locations. This also aids in tracking how the total work hours has been utilized. The efficiency of the system is enhanced. Monitoring overtime hours and work schedule is easier.