Payroll Timekeeping Innovations

payroll timekeeping innovations
Spread the love

Payroll Timekeeping Innovations: A Brief History 

According to World Heritage Encyclopedia, the first time clock was created in 1888 by a New York-based jeweler named William Bundy. The mechanical device — called a “key recorder” — worked by printing (on a paper tape) the specific time the employee inserted a designated numbered key.  william bundy time clock

Since then, mechanical time clocks have come a long way. Notable progressions include punch or swipe clocks, which require employees to clock in and out at the terminal via paper cards or laminated badges. However, these systems are prone to fraud — including “buddy punching,” which is when employees clock in and out for each other.

Such systems aren’t cutting it anymore, especially with work-from-home arrangements reportedly growing 173% since 2005, mobility becoming an intrinsic aspect of employment and timekeeping laws getting more complex.

Consequently, employers are shifting to more advanced models — such as biometric time clocks, web-based software, mobile applications, and time and scheduling solutions.

Biometric time clocks

 A biometric time clock is the easiest way to thwart buddy punching, as it relies on fingerprint, palm, facial or iris scan to record employees’ work time. The scans are unique to the employee, thereby making it difficult for employees to engage in time theft.

Web-based software

Web-based (or cloud-based) timekeeping software allows employees to clock in and out online from their desktop computer or laptop via their dedicated username and password. The software is ideal for employers with remote workers or those that want to:

  • Eliminate the use of physical time clocks.
  • Attach time limits to certain projects.
  • Integrate their timekeeping system with their HR or payroll software.

Mobile applications

A mobile timekeeping app lets employees clock in and out from anywhere and from any device, including their smartphones. Mobile apps can also work offline. So even if there’s no internet connection, the employee’s work hours can still be recorded. The employee simply launches the app as normal, and their recorded time will sync to their account once there’s an internet connection.

Mobile timekeeping apps can facilitate GPS tracking, which enables employers to track the location of their mobile workers. Further, both mobile and web-based timekeeping systems have self-service capabilities, which let employees view and manage their timekeeping data from a dashboard.

Time and scheduling solutions

Scheduling and time tracking go hand in hand, which is why many timekeeping systems these days entail scheduling as well.

An integrated time and scheduling tool allows you to:

  • Create and edit work schedules.
  • Notify employees of their work shifts.
  • Establish alerts that will instantly inform you of scheduling conflicts.
  • Track employees’ activity in real time.
  • Monitor employees’ attendance.
  • Process employees’ paid time off requests.
  • Track PTO accruals.
  • Record employees’ work time — regardless of whether they’re in the office, in the field or working remotely.
  • Generate customized time and scheduling reports.

When properly designed, implemented and utilized, these modern timekeeping systems can help you eradicate time theft, increase accuracy, reduce administrative burdens, control overtime expenses, improve compliance and enhance employee satisfaction. At Atlantic Payroll Partners we offer the modern timekeeping and scheduling solutions needed for you and your employees. Reach out to use to receive a quote for payroll, workers’ compensation and more.

Copyright 2024

Why Atlantic Payroll Partners

The biggest payroll companies probably won’t have time for your business. It’s that simple, you’ll be a number. At Atlantic Payroll Partners, you’ll be the opposite. We’ll know more than your name; we’ll know the names of your children and their birthday’s as well. We will know you.

We’ve been helping Florida business by managing their payroll and providing workers' compensation quotes for ten years. We help keep payroll cost affordable by provided transparent PEO payroll quotes that allow you to plan your budget accordingly. Like the big payroll companies, you can manage your payroll and payroll timekeeping with us, while reaping the benefits of PEO risk management.

Thinking about payroll outsourcing can be scary. Make sure you know what to expect from payroll outsourcing providers; to make the best decision for your business. In addition to offering payroll, and workers' comp quote we offer: Human Resource consultations, Accounting services, and benefits such as, 401ks and Healthcare plans.