Measuring Time and Attendance Statistics
You have installed your new time and attendance system. Your employees now use smartphones and kiosks to enter their time. People are being paid correctly, and there doesn’t seem to be any major issues. Your work is done, here, right? Ready to move on to the next project? Not so fast!
Installing a the software is only the first step in getting value out of your time and attendance software. The real value in any time and attendance system is in understanding the data that you are now able to collect. The following are three areas that you should be paying attention to when you are leveraging your time and attendance software to improve your operations.
Compliance with Rules
How engaged are your employees when it comes to following your labor rules. Are they clocking in on time? Are they clocking in at the right device? Are there big gaps between the time they clock in and the time that they begin working on a productive task? These sorts of questions have a big impact on employee productivity, and should be paid close attention during the initial period.
How productive is each employee, especially as compared to other employees doing the same job? Having detailed time and attendance data on the amount of time each employee spends on each task will give companies the ability to compare employee productivity. Is one employee more productive than another on certain types of tasks? This gives managers the ability to assign tasks in the future based on each employee’s productivity.
Having detailed information automatically collected gives managers less manual work. This frees them up to spend more time looking at transactions that fall outside the norm. Should the time that was charged at a premium be approved? Are projects tracking to schedule? Are estimates of the work to be performed accurate?
Installing a time and attendance software system is just the first step in improving a company’s bottom line. Companies need to leverage the data to find specific areas of improvement, and then take action. Those companies that do so get more out of their systems than their competitors, and see a more rapid improvement of the bottom line.