Time and attendance tracking, a non-payment value-added application, is an essential part of every project management process. It is essential for a company which has more than hundred employees in one location or thousands of workers in different locations. Tracking is used to determine job completion and to maintain the records of job types and working hours. It lowers administrative costs and improves productivity through paperless real-time inventory control, job dispatches, and timely invoicing. For capturing time, there are a number of computer-based time and attendance tracking software and mechanical time clocks. Time and attendance tracking is necessary for any organization which is wishing to track the actual time spent on different projects or employing hourly workers. It is adopted by the organizations and companies to perform necessary functions such as project management and budgeting, resource allocation, candidate tracking and invoicing, expense reporting, and timesheet reporting. It allows project managers to monitor their resources and projects, define the various tasks, and evaluate estimated time with the real time reports. Time and attendance tracking provides many benefits such as decrease of labor effort managing timesheets, increase in revenue, elimination of unnecessary data entry, and more accurate expense and time reporting. Also, it offers detailed reports of expenses and hours; and historical information on the attendance patterns. By using time and attendance tracking, the companies can manage the problems such as overtime, costs of lost productivity, and the hiring of temporary workers. Today, there are many tools designed specifically to control time and attendance tracking. That includes biometric devices, mobile or portable devices, stationary devices, and soft devices. The most convenient method for time and attendance tracking is the use of software. Most software allows organizations to take notes; enter absences, sick, and personal days; see balances for vacation; and run dozens of reports. Main features of time and attendance tracking tools include, it can facilitate project tracking, time tracking, job tracking, and leave tracking. |
