What is time and attendance?
Time and attendance systems are an integral part of workplaces in this era of technological advancement.
Time and attendance is nothing but a process of keeping tabs on and tracking the work hours. There is so much more to these systems, and not only has it clearly replaced the usual manual set-up, but it has also seamlessly integrated with the operations at different levels. For instance, when an employee clocks in or out, the information is extracted and transferred to the software, from where it can easily be redirected to your payroll system.
These systems offer both cloud and on-premise solutions depending on the requirements of your business.
Why is it important?
Time and attendance are important for every business- irrespective of its nature.
The numbers influence the decision-making processes in companies, be it predicting and forecasting workforce demand, identifying staffing issues if any, or running payrolls with efficiency.
These systems provide information about absenteeism, overtime, and more. With the right time and attendance system in place, companies are able to allocate their resources in the right direction.