If you’re operating a small business, then you probably have salaried and hourly employees. For the hourly employees , you may be wondering what new and efficient tools exist to track time correctly. The concept of filling out time cards to clock in and clock out still exists, but it looks a bit different than it used to. It’s fully digital now.
Small business payroll is a very important part of running a small business, and you want to make sure your payroll operations are accurate and efficient. A time card template can help keep track of hours worked during a specific time period or the amount of time spent on a specific job.
Having an effective timekeeping system helps every worker feel like they’re being fairly compensated. If you employ hourly employees or contractors, then creating employee timesheets can be the way to calculate payroll.
The more user-friendly the employee timesheet is, the greater chance you have of accurately capturing hours for your employees. Moreover, you also want to make sure that filling out timesheets is not a time-consuming process for you or for your employees. When a task takes a lot of time, it takes attention away from revenue producing activities.
Even if you have salaried employees, timesheets can also help you with business planning, productivity, and resource allocation. Implementing a timekeeping system can encourage employees to avoid time-wasting activities like browsing social media. This could help your business’s bottom line.
Download your free timesheet template