In the present generation of executing lightning-quick decisions and steps in order the enhance the productivity of one s business organization, even a fraction of second is vital in contributing significantly to your ultimate goal. Every business organizations have their respective strategies and goals they keep in place in order to enhance their overall performance and of course, their net revenue as well.
This had led many business companies to implement performance-enhancing tools in the form of software in order to boost their productivity. However, the majority of business organizations look for external factors that can contribute or make additional contributions to their existing systems. But, this where they get it wrong; studies suggest that one of the key aspects that make a significant impact in ensuring the increase in productivity does not lie outside but within the system itself. Improper and Ineffective staff time management contributes to nearly about 40% of the total loss of profit in any business organizations.
This is precisely why your business should not be looking beyond balancing your staff time management. At least, that should be one of your top priorities amongst all the other aspects that you may be looking to improve. A vast number of software companies offer excellent software such as ELMO rostering software that can help your company employ the most effective time routine management for your staffs.
Here are some of the compelling benefits of implementing such software in your company.
- Eliminates the time consumption on the payroll
You have to agree that managing and tracking the payroll of each and every single employee in the company is one of the most hectic and time-consuming processes both the employees and the HR as well. It’s not an easy task to keep a record of every employee’s working hour per day/ week/ month aka their productive time span, and process all that at the end of the month to determine their payroll. Even after all that tedious process of tracking, recording, and processing all the data, inconsistencies are bound to interfere as well. However, with the rostering software, the process becomes straightforward and simple with minimal complications.
In fact, many business organizations report having enjoyed a 70% reduction in their payroll time consumption after the implementation of rostering software in their company.
- Minimizes the “Buddy Punching” Phenomenon
Buddy punching is one of the most common occurrences existing in the majority of the workplace in almost all business companies. If you are unfamiliar with the terminology, it simply refers to the phenomenon of the staffs using their free-time rather generously or time-steal (if you will). For example; the utilization of extra lunchtime or getting in late for work due to the multitude of unavoidable excuses. Buddy punching is a serious threat to any business organization. In fact, studies have shown that over 75% of companies suffer losses solely due to this phenomenon.
- Simplifies and minimizes the rate of error
Conventional paper time management method deals with a lot of drawbacks. The most prominent of them is the high chances of human errors. The inconsistency in such records affects the ultimate payroll of the employees, and that becomes a sensitive issue in the majority of the workplace. Rostering software has minimal (in fact, negligible) chances of making any form of error; and hence, that simplifies the entire process in return as well.
- Enhance productivity by minimizing the paperwork requirement
The time-saving mechanism is the most vital element in assuring optimal productivity of your business company. The conventional paperwork associated with the traditional paperwork management is one of the leading time-consuming aspects; and hence, it takes up a significant amount of your employee’s time that could be otherwise used for other resourceful activities/work. In the long run, rostering software can make a tremendous positive impact on your company.