Time Clocks for Business Efficiency

A traditional timesheet allows a company’s employees to record exactly when they start and end work. For a number of employees, this will amount to starting their work at the beginning of their shift and punching out whenever it ends. For the others, this could involve keeping a detailed list of start and stop times for their various projects, activities or jobs during the day. No matter what your business may need, time clock software will allow your employees the ability to record information more easily, objectively and actively.

Time clock software will help lower any operating costs that your business may have by making your payroll processing become more efficient along with making labor costs a lot more visible than they were in the past. It will also ensure attendance compliance and helps automate any invoicing or billing of your clients. Here are a few reasons how time clock software will help your business in today’s rough economy.

It simplifies your payroll

Time clock software will take every punch that your employees have accrued within a certain amount of time and it will generate timecards based on whatever your payroll is set on. Your regular hours, paid leave and overtime are all calculated for you and totaled instantly so you don’t have to do the math yourself.

It ensures compliance

A time clock is going to allow you to fully manage your attendance and employee time, even when it comes to lunch breaks or sick leave. With certain units, employees cannot punch in or out for each other, ensuring that the hours recorded are honest.

It manages the labor costs for you

Whenever you do payroll, your time clock software will figure in everything for you when it calculates the weekly attendance. Whenever you input your employees into the system, you will be asked to put all pertinent information into the software. This will allow the software to figure up everything for you. All you have to do is print out everything and take it to payroll, or even export to payroll software directly.

It automates client billing

Remember that client billing should be summarized by the job or the client so it can be accurately billed. A time clock can help with this process, lowering error by inaccurate recording as well as providing an efficient way to track multiple projects.

Keeping Telecommuters on Track

Almost 30 million American workers can do part of their work from their home or remote locations, according to a recent survey performed by the people at International Telework Association. With 1 in 5 workers telecommuting, getting everyone to punch in on the time clock, together for a meeting, or to check-in can be difficut. Fortunately, the employee time clock is one way that you can keep track of telecommuters.

Managing telecommuting technology is tough, but managing the workers can be even tougher. Telework has a habit of amplifying organizational weaknesses and if the company is already weak in the terms of management, then the policy needs to be updated before the teleworking begins. Teleworking can force a manager to sharpen simple managerial skills, not only to streamline the work force but also to make sure the job gets done when it needs to be.

Here are some ways you can create the best environment for teleworkers, and for your company overall:

Implement a great employee time clock system – A solid web-based, employee time clock will help you keep track of your employees, remotely and in-office.

Identify some tasks that are suitable telecommuting - List positions that aren’t good for telecommuting first, as this will be much easier. Then examine what’s left and decide if telecommuting is viable.

Establish ground rules - Make sure every employee is on the same page. Set rules for telecommuters in terms of what needs to be done.

Be prepared to enforce the rules - If a decision comes up to where you need to make a tough call, make sure you can do it.

Practice effective management - Calling regular meetings is a must. Be sure your telecommuters are aware that just because they are not in the office doesn’t mean they are exempt from team meetings.

Provide effective support - Always support your workers. Just as they reach out to you, reach out to them as well.

Why You Should Automate the Employee Time Clock

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For many, running an office can become a time exhausting affair. Not only is work management a factor, but also human resources and payroll. Many small business owners can find themselves overwhelmed quickly when the office grows, particularly when it comes to keeping accurate payroll. There are several new pieces of technology that can help an office run smoothly, however, and that can help lessen the anxiety that can come with managing staff.

One innovation that can help keep the office efficient and functional is an employee time clock. Time clocks not only help keep the workforce on track, but can also record time worked and even time off with more accuracy than hand entry can afford. A time clock is easy to operate and often just as easy to put in. For many business owners, this automated system is just what they need to help their business run efficiently and smoothly.

While there are many types of employee time clocks, biometric and web-based are some of the most popular, and offer numerous benefits. With these units, businesses can:

1.     Minimize Human Errors - These types of tracking systems actually ensure the elimination of errors (at least the human ones) while recording work hours. Studies show that there is a 99% accuracy rate.

2.     Checks and Balances are Infallible - Simply put, with the system’s biometric features the software is impossible to evade.

3.     Productivity and Efficiency - There is an increase across the board in both these areas.

4.     Value Added to the Company - With the addition of the system, you are adding a serious money-saving addition to your business.

5.     Employees are Happier - With fewer errors in recording, your employee will be much happier with you.

6.     Efficient Processing for Payroll - Everyone likes getting paid on time and this system allows you to do just that.

There are numerous advantages to adding a time clock to the office. Be sure to find a unit that works for you and your business, so that you can take advantage of the technology that is out there.

How Fingerprint Time Clocks Help The Bottom Line

When an employer looks at their bottom line, they almost always see that payroll eats the biggest chunk of the money. It is the biggest expense business owners face. Add to that, whether white or blue collar, employees have long been involved in payroll fraud. Fortunately, the implementation of fingerprint time clocks can help steer away from fraud.

Fingerprint time clocks capture the unique fingerprint of each employee for use when he or she comes to work every day, whether on site or off site. Removing theft of time from the equation may help employers get a handle on payroll costs, as well as curtail time theft.

With this new technology, employees will no longer be able to punch the time card of a co-worker, reducing time theft. A time clock will also eliminate the time consuming task for the human resources department of having to manually calculate payroll. Additionally, there is no storage space needed like there is if you have to store time cards for tax record purposes.

To set an employee up in the fingerprint scanning system, an employer need only have the employee put his or her finger on the scanner and his or her unique fingerprint is scanned. The fingerprint scanners are easy to use and are portable and easily tied into a company’s computer system.

Streamlining the preparation of payroll, as well as taking the idea of employee theft of hours out of the equation of running a business, allows employers and their employees to focus on the job at hand – running the business. Electronic payroll systems integrate well with fingerprint time clock and can help streamline a business to an even finer degree.

Make Office Security a Priority in Your Workplace

Keeping your company’s information and client information guarded, as well as your employees safe, are all part of office security. Office theft can lead to the loss of client information, personal employee information, and valuable office possessions.

It’s absolutely vital that a workplace has a high level of office security. There are several steps a workplace can take to increase its level of office security, safeguard its employees, protect its possessions, and keep company and client information safe. Most office crimes take place in workplaces that have little or no security measures in place.

As a first step in increasing office security, consider hiring a security professional to do a full security assessment. A complete, professional assessment includes your office’s current security measures and potential weak points. Once the assessment is completed, a workplace should follow up on its recommendations and consult with local law enforcement accordingly.

General measures that a workplace can take to increase office security range from the physical make-up of the office to communicating policies with employees. It’s essential that employees are not only aware of the office security policies and procedures, but that they strictly follow these policies and procedures. Measures to help increase office security include:

·      Installing key card access and security cameras around exterior areas.

·      Creating a security system for accessing computer systems and online data.

·      Securing and locking important paperwork and data.

·      Keeping employees informed on what to do in the event of an emergency.

·      Install a fingerprint time clock.

·      Arranging office spaces so that unwelcome visitors are easily spotted.

·      Instituting a company badge policy so employees are easily identified.

Steps To Hiring Quality Employees

Hiring employees is a skill and an art. As an employer you need to ask some basic questions and here are some to consider: What skills do you bring to the table? Do you feel your training meshes with what we’re looking for? Are you committed to a long term working relationship? What are your salary and benefit expectations? Carefully screen employees and to assure you don’t have to keep hiring as it is a pricey proposition for any company. There is no magic cure for hiring but as a business owner you probably have good instincts and you should let that carry you through the hiring process.

You need to hire employee that have the best skills but you need to be able to afford their payroll. The art of hiring is more than having bodies to punch a time clock. Keeping payroll as little of a variable as possible is a goal of business owners – you need to make payroll regardless of the ebb and flow of receivables. It’s a difficult balancing act.

Company owners need to focus on long term hiring goals. Don’t hire out of panic because you have a sudden influx of work. It’s a more efficient business model to hire employees that will stay long term – unless you have a purely seasonal business model. Ask potential employees their long term goals for employment and what skills they bring to the position. 

Track customer trends and business income and expenses and look at the work flow of your current staff. Turn to them for input on whether they’d like to take on additional roles at the company and whether they may have hidden talents you’d never considered tapping into. You may find you have employees with skills you’d not utilized and their skills could help get you through without needing to hire.

The idea of hiring employees and having an additional person punching the time clock is something that strikes fear into the hearts of many a business owner. It is something that you need to look at seriously and also find a new employee who has the personality to fit in with your company culture. While you can’t learn everything about an employee in the brief span of an interview, you can certainly get a feeling for how they may fit. If you have a very rigid business structure or a very laid back one, see how the potential employee interacts with you and if you feel they will be a good fit with the rest of your staff.

How to Manage Employees Fairly

There is no one size fits all approach when it comes to managing employees. What motivates one employee may not work on another, and while you can’t completely change your personality to suit your employees you can adopt a management style to help you deal fairly with all employees under your supervision.

There are a few tips to help your employees excel in the workplace and to ensure that you are acting fairly and with their and your interest in mind.

1. Ask your employees whether they feel they work best in collaborative settings or whether they feel they thrive in the sanctuary of their cubicles. If the later, look into allowing employees to work with headphones on so they can listen to music while they work.
2. While many employees will push the boundaries of workplace etiquette, employees need to know they are expected to meet deadlines and perform the tasks which they have been assigned.  Be sure you allow for some creativity, but hold employees accountable as well.
3. If you find that some of your employees need hand-holding to perform, attempt to offer that. For those employees who work best on their own, leave them to their tasks. For motivated employees, going to work is more than punching a time clock, it is a place at which they hope to forge their careers.
4. Encourage workplace interaction outside of the mandatory staff meeting times. Let employees to linger around the water cooler, be flexible on lunch times, encourage collaboration between departments. As long as it falls within the realm of what is allowed through company policy, and as long as the work gets done, let employees interact.
5. Don’t be afraid to ask your employees for their input and their opinion. If you find you have to pass along new employee guidelines or changes in personnel regulations, don’t just drop a new manual on their desks. Take the time to explain the changes and answer their questions and concerns.

Being in a management or supervisory position is both challenging and rewarding. The bottom line is, however, that the key to your success is getting the best out of the employees that you manage. If you’re able to manage and motivate your team, you all thrive.

How to Simplify Your Business

Running a business can overtake your life. Every waking moment can be ruled by your business and entrepreneurs can easily become overwhelmed by daily management issues involving employees and company aspects. Effective tools to simplify your business as much as possible are key to avoiding this scenario.

The first place to focus is on management. Set specific criteria you are looking for in the hiring process, consider education level, pay and schedule needed. Have an online application form. This way you will be able to quickly weed out applicants who do not fit, saving you time. Another management time and money saver is to strengthen your supply relationships by using as few providers as possible. This will increase your purchasing power, offering you better leverage.

One more idea is to arrange for your human resource functions to be outsourced. Research shows such issues take up one-third of entrepreneurs' time. A huge benefit to outsourcing is the responsibility for missing tax payment deadlines or misfiling will fall on the shoulders of the outsourced company rather than your own. Finally, reduce the number of staff meetings you hold. Make meetings effective and concise to save your own time, as well as, getting your employees back to work.

Make use of technology. Scheduling is often the most time consuming issue for most business owners. To save time, use available software in order to assist you in scheduling employees. Some of these software packages will also assist in making payroll easier. Additionally, rather than micromanaging employees, many business owners are thankful to invest in time clocks. A time clock takes the babysitting out of employees, respecting their scheduled hours along with providing useful documentation.

Another overall area to simplify is your marketing. The first step in this is to find out how you are doing. Have comment cards or online surveys available to your customers for feedback. Then, utilize local business to build partnerships. Start with your own customers, suppliers and vendors who are also business owners. Another idea is to cut out the middle men and meet your consumers directly.

Finally, ensure that you allow yourself personal time. Make decisions on what you are comfortable outsourcing and what you only feel comfortable doing yourself. Set boundaries for yourself which will limit how much work time you allow yourself to attend to personal matters. This way, when you are not at work, you will be able to really focus on family or friends.

Tips for Making a Better Business Plan

As every entrepreneur knows, a business plan is crucial to success. Even if you've been in business for a while, if you haven't formulated a business plan there is no reason you can't start one now. A business plan is essentially a road map to your success. Think of it as a time clock to track the minutes you're spending to grow and market your business and the minutes you spend taking care of your current clients.

Your business plan doesn't have to be overly elaborate, but it should encompass the following points to make it viable and workable. Here are some items to incorporate into your business plan:

1. An executive summary. This should be your "elevator pitch" for your business. If you had to sum up in a few sentences or less the hows and whats of your business it would be what your executive summary sounds like. Use this section to offer investors, or to remind yourself, of why you believe your business concept is a compelling one and how it will propel you toward success. 
2. What is your business model? This is where you explain how your concept will generate money. 
3. What is your sales model? In this section detail where your customer base will come from to support your growth. What is your customer demographic? How will you find potential customers? How will you market your business? What kind of pitch will you use to spread the word? What medium will you use to market your business? What is your budget for marketing? Do you have an idea in mind of how large your market is? 
4. Analyze how many clients you will reach on a monthly basis and how much revenue they will generate for you. 
5. Income and expense projections. How much will you need to bring in compared to what your expenses are to remain viable? 
6. Will you need to hire employees that are able to perform tasks for which you are not experienced i.e., marketing, accounting, etc.

Regardless of whether you're looking for investor capital or to secure a bank loan, a business plan is a necessary part of a successful venture. Your business plan should also be a living document - one that you refer to frequently and update as needed.

Your business plan can help you not only retain current clients but can help you find new customers. Use your business plan to find new ways to build your business. If the information contained in your business plan has failed to meet the expectations and growth you originally hoped for take some time from your day-to-day business operation and revamp your plan to meet the needs of a growing and ever-changing market.