From increased productivity to better job costing, salaried employees and their employers can benefit from time tracking practices
When it comes to tracking workers' time, no one questions why it’s important for hourly employees to clock in and out. Employers need time cards to run payroll, calculate job costing, and keep track of overtime. Employees need time cards to get paid for all the time they put in and to support their requests for raises or bonuses. Perhaps that’s why many employers already ask all their employees, including those who are salaried, to track their time—71%, according to our latest poll.1
Why do employers ask salaried employees to track time?
- 55% said they do it for payroll.
- 49% said they do it for time management.
- 31% said they do it to track performance.
But what’s in it for salaried employees? In QuickBooks Time’ latest entry in The Ultimate Guide to Employee Time Tracking, we explore the benefits of time tracking for salaried employees.
4 reasons salaried employees should track time
Running payroll for hourly employees gives business owners a certain amount of insight into how their workers are doing. For instance, a manager might notice when workers are slammed, based on when employees clock the most overtime. Or based on how much time workers spend on a certain project, a business owner can know how long future projects are expected to take.
But running payroll for salaried employees who don’t track their time is a bit like asking a business owner to close their eyes and blindly hand over a check. Employers can’t know for sure how many hours employees are working, or where those hours are going. No wonder 36% of the employers surveyed said they "sometimes" or "always" have difficulty tracking salaried workers’ projects.