In any industry or business, your most important asset and biggest expenditure is your employees. You will always need employees to continue to keep your business running and growing. For some reason, however, tracking time and attendance of employees is still done manually. Do you really want to be tracking your most important asset in a spreadsheet, an extremely dated procedure? This kind of process can lead to payroll errors, noncompliance and high turnover, and those are just a few issues. There is a better way to protect and maintain your greatest asset. Below we breakdown the five greatest benefits of automate time sheets.
The performance of your employees can make or break your company. If you’re running a productive business, you can reap of the benefits of growing quickly and saving money. However, if your employees are under-performing you can end up with unhappy customers and a bad reputation. It can sometimes seem impossible to manage a performance system manually across an entire company. This is where human resource software comes in handy, by automating much of the performance management process. Below are the three greatest benefits to employee performance when using human resource software.
Your work force is your most important asset, after all your employees are the ones coming up with ideas, putting plans into motion, and helping your company make money; but they are costing you money at the same time. In fact, the average cost of HR services is about $1900 per employee each year. Let’s put that into perspective- if you have 100 employees, you are averaging $190,000 each year in HR services. But you can’t just get rid of employee benefits and cut down salaries if you want to recruit and keep top talent on your team, so what can you do?
They key to success is balancing and containing these costs to keep overhead low, yet business growth and employee retention high. Your Human Resources Department can help you do this, but they need what we all need- more time. That’s where human resource software comes in.