One of the most important data for computing employee wages for a particular period is the effort put in and it is evident in the number of working hours of a particular employee.
In today business environment, it has gone beyond manually filling working hours on clock cards to using employee time attendance software.
As an employee arrives in the business premises and inputs their biometric data, the time starts reading and stops when they put in again signifying closing time.
If your company isn’t properly monitoring employee time attendance, it might not seem like a big deal at first but you will discover that you have wasted several thousands of dollars if you continue that way for a year.
There is a number of employee attendance software in the market today. However, choosing suitable software can be quite dicey. There is no one-size-suits-all software so one has to be careful and must seek expert guidance before settling for any software.
Most small and big businesses in the U.S. process their payroll online and hence have software for collating employee attendance data for easy transmission and computation.
How much does employee time attendance management cost?
How much a company pays for employee attendance varies and depends on a number of factors. These factors include how many employees your company has, and if the software is hosted in premises or cloud storage. Other factors include the features added to the particular software be it a wall-mounted clock or a company owned software.
However, one of the biggest influencers of how much you have to pay for employee attendance management is the number of employees using the system. Most software charger per individual, whether employee, administrator, manager, etc.
Some software systems also provide a single service or plan while others are equipped with several plans and features. The software with several features is bound to attract more cost as the charge for an employee would depend on the features you customize for that worker.
Some other software reduces per-employee cost as the number of users increase. In the long run, how much you pay for your employee time and attendance management depends on how your system is set up or hosted.
These cloud-based software systems are being operated by payroll professionals and one place to get such professionals is E-pay.
E-pay is an accounting agency that has some of the brightest minds in business accounting and payroll. At E-pay, you are disposed to having your employee attendance data managed professionally to avoid any form of error that might lead to underpayment or overpayment of a worker’s wages.
Even if you want your software to be managed from the company’s office or you want to be taught how to collate the data on your own, E-pay has got your back.
E-pay uses the most improved software in the business with the latest updates and techniques on the best ways to go about your employee attendance data collation to ensure an accurate and efficient payroll process.