Methods for Calculating time clock for Maximum Productivity
If you have never tracked your time before, it can seem daunting. There are three ways to precisely track your time spent at work. These include manual time tracking, timesheets, and software programs. Learn how to do calculating time clock using these three methods to improve your company’s productivity, profitability, and overall efficiency.
There are three work hours: full-time, part-time, and overtime
Today, a 32-hour work week or a 4-day workweek is also possible. Employees need to have the opportunity to work and live a balanced life. Shorter workdays are one way of doing this. Full-time employment is not defined by law. With the right time clock, employees can keep a track of their intime and out time and hence, the duration for which they were part of the office hour.
Part-time work arrangements are those where employees are not legally required to work a certain number of hours. In any case the clock enhances the work potential of the employees, as they know for how much time they have to work.
Employees who work longer than the hours set are entitled to overtime pay. The overtime pay is usually 1.5 times the hourly rate.
How do I know Calculating time clock worked?
Step 1: Select a Recording Method
The first step in figuring out how to count hours worked is to decide how you will record them. Either you use physical timesheets or Attendance Bot. Your intranet can be equipped with a computer-based tracking tool.
Step 2: Select a Time Format
Next, choose your time format. Because it’s easier for calculating time clock, many companies prefer the 24-hour format. The in-time must be subtracted from out-time to get the hours worked. Many other factors, like the number of breaks you take, can also be considered depending on how the employer manages.
Step 3: Make a rounding policy.
The department gives employees 15 minutes to determine if they are on time. It is rare for employees to arrive at their exact start time and leave at that hour. If your office hours range from 1100 to 2000, then the chances that everyone clocks in at 1100 and leaves at 2000 are very low. People will arrive at 1110, 1115, and 1125, respectively. For small-scale businesses there is always a need to go for making the right policy with time-clock adjustments and employee lists, and the company can keep a track in rounding policy in how the employees are actually adhering to the time and work duration.
Step 4: Make a table of weekly hours.
You will need to keep track of each employee’s in-time and out-time and work hours. By adding their daily hours, you can calculate how many hours an employee worked each week.
Step 5: Make Work Hour Categories
You should know about calculating time clock for each job separately if you have employees who work in different departments and different capacities. This is because the jobs can require different levels and effort.
The characteristics of the best time clocks
The right time clock must assist you in keeping track of payroll policies. It should aid in reducing the human aspect that leads to supervising certain types of apparent lack, such as time off and paid vacations. The fully automated calculation of absences improves payroll accurateness.
Sturdiness is an important factor to think about when selecting the right time clock. Some workplace environments are harsh, necessitating a tough time clock.
Assistance with corporate investment
Choosing the appropriate time clock should help your company grow. A faulty time clock can stifle your future performance.
Capability to encapsulate biological characteristics
Using a time clock, you should be capable of recording biological features distinctive to each employee. The procedure improves the precision of time management at work.
Buddy punching prevention
Using the right time clock helps ensure that every employee clocks in independently, rather than buddy punching for their coworkers. Particularly, buddy punching is one of the costliest workplace scams.
Although there are many ways for calculating time clock, these methods can be tedious and inefficient. An employee time tracking tool is the best way to determine employee hours worked. Now since many companies are working in the online modes also, using the time clock for better business and production, the whole purpose of getting the timeclock benefits becomes much obvious as used by the HR departments.