Every company out there has one primary objective; viz., to be profitable. So, it is crucial that the founder/s in case of a startup or the board in case of a big & established company and similar authority in every form of company in between will take measures to achieve this single main objective. One of the main drivers that help companies make this primary objective is employee performance. And one of the key indicators that measure employees’ performance is the actual production time of all the employees. Hence, having a time/attendance management system in place is very important for any company.
So, what are the benefits of integrating a time/attendance management system?
They are efficient.
The time management systems capture your employees’ presence in the office/production floor down to the seconds. With the wealth of data available, you have the freedom to set the capturing parameter as per your requirement with virtually unlimited customization.
They are effective.
Your employees cannot misuse the freedom you give. For instance, apart from the total time spent in the office, you can also determine break times and actual production times depending on how you place the hardware that captures the times and movements of your employees. This is the most critical measure for you to understand the general time trends, reward the punctual and implement corrective actions.
They are convenient.
The software that comes as a part of the time management system can process all the times captured and can give you reports based on which you can take actions; either rewards or corrections. These days with advanced smart mobile devices, this software can also be in the form of apps giving you the best convenience of mobility yet not compromising the functionality.
There are many options to choose from.
You can choose from many options available in the market. Some are very expensive & sophisticated, some are budget-friendly, but the capturing mechanisms aren’t comparatively secure. For instance, you can have the biometric systems which capture the time using employees fingerprints, retina scans or facial recognition which are very advanced systems and on the other hand, you have simple access cards which can scan the in and out times of your employees. You can pick on the system based on your security & operational requirements and budgets
They give the best ROI.
Once you integrate one of these time management systems, you will capture all the data from all your employees which laters gets processed with the corresponding software and give you insightful reports for an extended period. The purchase of these advanced systems also entitles hardware maintenance and upgraded if required and timely software updates, optimizing and adding more features to it. Thus they ensure you get a high ROI.
We have clearly outlined the benefits you get when you integrate a time management system into your company’s day to day operations. Implementing these guarantees you the measurement of productive time which drives the overall performance which further propels you towards higher profitability.
