If you have hourly employees, then time sheets are a part of your daily routine. In manufacturing, time tracking is more than just when an employee begins and ends their day, however. Sticking to your paper time cards may seem like the most cost effective method, but keep reading to see why paper time sheets might actually be hurting your business.
4 Reasons Why Paper Timesheets are Hurting Your Business
1. Inaccurate Data
You have likely seen it before. Employees track time throughout the week on specific jobs and tasks. But if you watch closely, you will likely find them entering an average ‘guess’ at the actual amount of time spent on a specific task or writing down approximate start and stop times.
2. Lack of Up-To-Date Information
Do you struggle with maintaining accurate data, managing inventory, and quickly knowing the actual cost of completing a job or task? A lack of up-to-date job costing information is likely to blame—and your paper time sheets might be, too. Without precise labor and production data, you can’t assess the true time and cost to complete a job. This impacts your ability to competitively price your products, which can result in large profit losses over time.
3. More Mistakes and Errors
If you deal with paper timesheets, then you also deal with mistakes, difficult handwriting, and employees forgetting to turn them in. Correcting mistakes and tracking down lost timesheets costs you money and prevents you from working on more important tasks. Maybe it’s time to automate your time tracking. Digital time sheets allow for quick corrections, supervisor overrides, fast approvals and more.
4. Time Spent on Payroll
Digital time sheets help you better track time and monitor employee hours, and they also save you payroll time. Imagine the time that could be saved by eliminating the need to read messy time sheets, manually enter the data, and then submit the data to payroll.
Is your business still using paper timesheets? What could you gain by reducing errors and gaining more accurate time monitoring capability?