The Majority of Small Businesses Struggle with Time Tracking Errors
In a survey, this month, 500 small business owners were asked how often they find errors on their employees’ timesheets. Roughly 80 percent of the businesses using timesheets admitted they regularly have to make corrections before they can run payroll.
This shows that 4 in 5 small businesses with hourly employees waste time and money every pay period because they can’t rely on their time tracking system.
Just 21 percent of the business owners who use timesheets said their employees never make mistakes when writing in their hours.
Wage and Hour Disputes on the Rise
Last-minute changes to employee timesheets aren’t just time-consuming. They could become legal disputes as well.
If you have a dispute with an employee about the hours they’ve worked, and all you have in front of you is a paper time card, it could be your word against theirs. In the hands of a good attorney, your employee may be able to build a case against you. And even if they don’t, and the case never goes to court, you could still pull a big legal bill out of your mailbox one day. Wage and hour disputes are expensive — and they’re on the rise.
A TSheets study published in 2016 found that wage and hour disputes have significantly risen in the past twenty years.
If you’re still using paper timesheets to track time, it’s a great time to make a change.
With TSheets, the highest rated time tracking app on several hubs, employees can clock in or out with just one click. They can take a break, change job codes, or add timesheet details instantly, and from any mobile device. Overtime alerts keep you and your employees aware of weekly overtime limits. With the TSheets online time tracker, you can get real-time reports, customize company settings, and manage employee timesheets in one place. Then track, edit, and submit time from the TSheets web dashboard or the TSheets Chrome app. Your error-free time tracking solution is here.
Source: https://blog.tsheets.com/2017/news/timesheet-errors
