Whether you are using a digital time clock or a physical punch clock, time management is an essential activity for every individual in the construction industry. Upgrading to an online time clock software can help to save time and money while also reducing labor costs.
On a construction site, keeping track of employees’ hours is crucial as it aids in the creation of work schedules, managing payrolls, and reviewing of timesheets. As such, the time clock is quickly becoming a must-have software for construction sites in the modern-day. Here is a discussion of how you can keep construction costs low with online employee time clock
Creates Opportunity for Real-Time, Reliable Data
When using a cloud-based time clock, one is able to obtain reliable data. Most employees at the construction site always fill paper time cards at the end of the day or month, which is usually accompanied by guesswork, plenty of errors, and overpayments.
If a constructor wants to collect reliable time and only pay for specific hours completed by employees, there is a need to gather real-time data. With an online timecard system accompanied by GPS coordinates notating every punch time and location; collecting time tracking information is a piece of cake.
Effective Payroll and Enhanced Accuracy in Billing
Registering the hours worked by each employee through an online time clock promotes a higher degree of accuracy in payroll and billing information. With conventional and outdated paper time cards, it is always challenging to import data directly. This means that a contractor must manually transcribe information to arrive at the payroll data, thus, making everything complex to attain accuracy. Besides, a contractor may even falsify their number of hours worked on the invoice for achieving a specific desired pay.
With real-time data on a mobile time and attendance app, they can only be paid for the actual hours worked. Time clock software with geolocation services, which indicates when and where the contractor or employees punched in, helps to eliminate cases of time theft. Punching in and out with location minimizes excuses for missed time tracking, thus, reducing construction costs.
Most online time clock solutions offer contractors timesheet reports that are automatically generated, and which can be imported easily into payroll or billing software. Apart from reducing cases of errors, recording hours digitally is time-saving, and there is no need for further collection of timesheets or manually transcribing the data.
Using online timesheet software is also convenient for the workers since they can register their hours online within a short time. They will not need much time to fill out paper timesheets or queue as they calculate the number of hours they have worked. These clocks allow employees to keep records accurately and also register during their short breaks. Furthermore, employees can take advantage of software to check their work records as well as available vacation days for proper scheduling.
Better Budget Planning and Expense Management
With timesheet management software, contractors enable a project developer to access data and analyze them with ease. The developer will not only be able to generate reports within seconds of a click, thus avoiding time overruns and unnecessary expenses. Real-time data on attendance and time helps contractors to stay in budget.
Apart from controlled budget and time, data analysis through time clock software helps in creating the actual project cost while also allowing for proper future planning. Looking through the historical data recorded throughout the project, a contractor can predict expenses or bid for future projects. Although the same data would be analyzed using paper timesheets, the latter would take extra resources and time.
Valid arguments exist on preserving the traditional aspect of running construction activities. Maintaining an “old” time clock system, however, is not one of them. Using a time clock software will help a contractor save time as well as ease stress and reduce labor costs. All that matters is teaching workers how to operate the online system in order to achieve their workplace goals.