#Lathem time clock plus manual
#Lathem time clock plus software

How your production compares to time spent on the jobĭeep data such as this prevents guessing and estimating and gives you tighter control over production and labor costs.

How your business’s labor time and cost per hour compare to the norms in your industry.

Which employees, positions, and departments are using the most time to complete a task.

Which employees and departments are costing you the most in overtime.

With the right time clock, the level of detail regarding labor costs is astonishing. It’s another thing entirely to have real-time information about all the variables that affect the way your business tracks time.Ī modern employee time clock provides that insight. It’s one thing to have accurate reporting on attendance issues and other labor costs. 4) Provides Real-Time Information About Labor Costs These might not seem like significant savings, but over the long term, they can really add up. In addition to those large savings, a dedicated employee time clock reduces (or even eliminates) the need for expensive consumable items such as time cards and calculation forms.

Shifting the responsibility of keeping track of work hours to the employee.

Time clocks can also save your business money. The time you save can then be better spent on activities that improve your business’s bottom line.

#Lathem time clock plus software

Instead of you or your bookkeeper spending hours tallying hours worked, applying withholding, and figuring taxes, the time clock software does it for you. One of the main reasons that a time clock is essential for businesses of all sizes is because it will help save you time and money.įirst and foremost, it will reduce the time it takes to process employee time cards and calculate payroll. The information generated by an employee time clock can help you keep motivation high. Too much of that, and your dependable employees may start to resent the absent employee for being gone all the time, and you for allowing it to happen. Habitual absences from the same employee means that other, more reliable employees have to pick up the extra work. Ī time clock software suite can alert you when team members are absent and help you redistribute the workload accordingly.įinally, an employee time clock prevents attendance issues from affecting employee morale. Absences (scheduled or otherwise) disrupt the progress of your projects and can have a significant impact on your team’s productivity. That’s a significant savings.Īnother way that a time clock helps you with attendance issues has to do with interruptions to your workflow that can cost you money.

Unapproved accumulation of overtime hoursĬontrolling attendance issues of this kind can save your business up to 21% of annual payroll costs.

Regular, repeated absences (e.g., employee A calls in sick three Fridays a month).

These reports give you insight into attendance issues such as: Most modern time clocks allow you to create reports based on the “punch in” and “punch out” information the clocks record.

Many employee time clocks allow you to program your payroll policies into the machine itself so that it - not you - has to keep track of variables such as:Īllowing your time clock to collate all of this information means that you’ll spend less time on payroll and more time on tasks that improve your business as a whole.Ī dedicated time clock also eliminates expensive manual-calculation errors (which can save you up to 7% of your payroll costs) and integrates easily with automated direct deposit of employee paychecks. Incorporating a time clock into your business’s workflow drastically reduces the likelihood that you will experience these problems.

Too often, though, the accuracy of employee payroll falls short because of confusing policies, human error, or banking issues. Why A Time Clock Is Essential For Businesses Of All SizesĪccurate payroll is essential for the success of your business and the engagement of your team members. We’ll also show you why a scheduling app with an integrated employee work hour tracker is often the best time clock for small businesses.

#Lathem time clock plus manual

Combination manual and computer time clocks.Luckily, the experts at Sling are here to help you find the best time clock to meet your business’s unique needs. The solution that’s right for a large business may not work well for a small business. Unfortunately, not all time clocks are created equally. Whether your business has one or 100 employees, you will need a time clock that fits the unique needs of your business. It helps keep track of work hours so you can pay employees accordingly. The time clock is an integral part of most businesses.