Employee time tracking has become a crucial aspect today for every business as it helps measure employee productivity and performance over due course of time. Traditionally the time tracking was carried out by old fashioned methods mostly carried out by manual means. This eventually lead to inaccuracy in data in most cases as there are chances that employee will forget to record the details or just might not want to record them. This has lead to online time tracking gaining prevalence gradually. There are various tools like the timecard which have been use to keep an accurate record of the data. Further below we will discuss what actually is it and what are its advantages.
It is nothing but a tool used to record an employee’s starting and quitting time each day to calculate the effective man hours. Some times it also has been called as a time sheet because unlike today traditionally a sheet of paper was used to record the data. But with changing times and technology it is now being made available in digital format as well. A timecard may not only be used to record the in and out time but can also be used to manage payroll, generate client bills and track project progress and cost.
There are many advantages of time tracking which benefit the employee as well as the employer. When an employees is able to keep a track of the man hours spent on a particular project it indirectly leads to increase in productivity as well. Time tracking helps analyse activities and helps fine tune them for further improvement. The tools not only increase productivity but also increases accountability of the employee in a particular project. It helps them assess their contribution and devise ways to further improve on short comings if any. Time tracking can also be a big help in generating client bills. Since the system is automated and is in digital format it becomes easier for a company to bill their client. Also with a proper time tracking system in place there is no or less scope of leaked hours. Hence there is transparency and accuracy in the bills generated. The system also helps recognise employees who put in the extra effort by working overtime. Since the extra hours are recored it becomes easier for the employer to reward the employee suitably. This in a way acts as a moral booster for the employee. Hence one can say that timesheet is an essential tool and a must have for any company.