The Benefits of Properly Tracking Time and Attendance
When many businesses think of ways to improve their efficiency (and thus boost their revenue), often they’ll look for a panacea that only leads to frustration. Yet one of the most effective solutions for efficiency is one that is usually overlooked—an HR platform.
Yes, an HR platform can help you run a more organized nursing home, thereby helping ensure maximum employee (and customer) satisfaction and, of course, profitability.
What Are the Advantages of a Time Tracking and Attendance System?
What can your organization benefit from by investing in an online time and attendance platform? Here are 5 advantages, particularly for human resources ion healthcare:
1. Less Time Spent on Payroll
Payroll is one of the most time-consuming functions of HR. Old-fashioned methods that involve employees filling in timesheets that are then sent to management to be processed (after painstakingly deciphering everyone’s handwriting) just don’t cut it anymore. Apart from saving time by eliminating this cycle, an HR platform also eliminates errors that, in themselves, are a huge time-suck and could lead to legal consequences.
2. Prevents Time Theft
Time theft is a common practice among employees. From checking in and out later or earlier from when they should to “buddy punching,” to adding time to timesheets, time theft costs many employers over $400 billion a year in productivity. One way of recovering your $400 billion piece of the pie is to use an online time and attendance platform. This makes tracking employee time and attendance more accurate, thereby ensuring employees are more accountable for their productivity.
3. Open Communication
It is a fact that employees regularly check how many vacation days they’ve accumulated. While the traditional practice has been to check with human resources, HR platforms eliminate this, as this information (and more) is easily accessible to all employees.
When it comes to nursing home employees, ever-changing shifts can make it difficult to understand how many hours an employee has put in. A digital platform that comes with an HR analytics function not only helps you keep proper time and attendance records, but helps you make them open for employees to see.
4. Less Paperwork
With businesses looking for ways to contribute to saving the planet, one of the best ways to do that is to reduce the amount of paper used. This is especially true for the healthcare industry, as it is one industry that employs more people on average than other industries. Besides the benefit of going green, less paper also means a more streamlined and easier to manage an office.
5. Minimizes Tax and Legal Concerns
Everyone hates filing taxes. That’s simply because of the tedious nature of the task, not to mention that traditional methods of filing taxes are highly prone to errors. Using a digital platform increases accuracy and makes it easier for employees, as well as the organization, to file taxes.
Besides making it easier to file taxes, an HR platform also helps reduce the chance of employees filing lawsuits based on the Fair Labor Standards Act (FLSA) that regulates employee wages, overtime, and other employee work conditions. Most of the time, these lawsuits are a result of simple errors that can be avoided; hence, the need for accurate employee time and attendance software.
Investing in an HR Platform, Investing in Your Employees
Investing in an HR/payroll system is a great way to invest in your employees. This is because doing so will ensure they get their pay on time and without the hassles of filling in timesheets. As a result, employee satisfaction will be high, resulting in increased productivity.
So, what are you waiting for? Go ahead and improve your nursing home’s efficiency by investing in an HR platform specifically designed for the healthcare industry.
- https://www.businessinsider.com/us-industries-with-fast-growing-employment-job-search – 15-nursing-care-facilities-6