Effective timekeeping is essential for multiple reasons:
Payroll Accuracy: Accurate timekeeping ensures employees are paid correctly for the hours they work. Compliance: Adhering to labor laws and regulations, such as overtime rules and minimum wage requirements, is critical to avoid legal issues. Productivity: Monitoring time can help identify productivity bottlenecks and areas for improvement. Cost Management: Controlling labor costs is easier with precise time tracking, as it helps identify inefficiencies and overstaffing.