Automated time and attendance systems can improve the way property managers do business
It’s not easy keeping tabs on hourly employees that move from location to location, especially if you’re still depending on paper time sheets to track employee time and attendance. But for property managers dealing with tight margins and high labor costs, it's a critical part of doing business. Automated time and attendance tracking makes this process easier, while also helping property managers control labor costs and lower the risk of wage and hour-related lawsuits.
Here are 5 reasons why property managers switch to an automated time and attendance system:
- To keep track of mobile employees – Automated time and attendance systems offer different ways for employees to punch in and out, which comes in handy when time clocks aren’t an option. Punch in options such as telephone, computer, or cellphone, make tracking time for even the most mobile employees a breeze.
- To end buddy punching – Time theft is a real problem in the property management industry. Buddy punching can account for thousands of labor dollars lost annually. A fully developed automated time and attendance system with biometric time clocks makes it virtually impossible for someone to punch in for a friend.
- To gain instant insight – Automated time and attendance systems collect valuable data regarding employee time and attendance performance. Custom reports can then be used to assess things like employee productivity or to prepare for audits.
- To stay out of court – Automated time and attendance systems allow you to factor in all applicable wage and hour rules, including federal and state labor laws, as well as industry regulations and union contracts. Advanced labor management tools, such as audit reports, violation flagging features, and real-time alerts, all help prevent lawsuits.
- To bid for jobs more accurately – Reports and analytics generated from an automated time and attendance system allow you to tally actual labor costs for specific jobs. This data becomes a treasure-trove of information that will allow you to refine your bidding process, in addition to offering you insights into your business.
Don’t waste anymore precious time with an outdated time and attendance system! Find out how EPAY’s cloud-based time and labor management system stacks up. Contact us to learn more.