Managing a construction business means that everything must be accurate and on time to meet deadlines, complete jobs, and avoid overages. There are many advantages that an online time clock has that are especially helpful in a construction business. Not only can you keep more accurate records, but you can also automate and more efficiently manage many aspects of your business that would be difficult, if not impossible, to manage otherwise. Here are some of the most significant advantages of using an online timecard system for your construction business.
Time theft is one part of time tracking that can significantly hurt your construction business. Time is money when it comes to every construction project, and without an online time clock to monitor employees, you’ll lose out on both. Employees frequently waste time while on the clock, complete personal business, and are often just generally unproductive. Not only will this cost your business money, but it can also even impact your reputation. An online time clock lets you track employee work hours and productivity in real-time. In doing this, you can address time theft issues and hold employees accountable for their work effort. Employees will know they are being tracked and have to work if they want to get paid. Most time clock solutions come with features to help reduce and nearly eliminate time theft, such as facial recognition. Facial recognition allows the online timesheet software to use unique facial features to verify identity before completing the punch in or out process.
One of the most significant benefits of using an online time clock is that it can provide insight into better running your business through historical data. Keeping all of your scheduling, payroll, and cost information in one place allows you to make more informed business decisions to cost out your jobs accurately. For example, you can easily reference past data to see how your crews performed on a given task to better estimate how long it will take to complete a similar task in the future. To go a step further, you can look at staffing levels’ data and adjust for deficiencies that may have occurred in the past. Managing your employees and data in this way allows you to provide more accurate bids for jobs and ultimately prevent overages, make more profits, and improve overall performance. This will help your business on individual jobs and over the long term as you acquire more data.
Using all the data gathered from your online time clock, you will gain the ability to predict how much labor you will need when bidding on a job. This allows for more accurate labor costing in the process of designing your bid. In addition to predicting labor requirements, you can more actively adjust your labor schedule to account for issues that arise on the job site, such as absences, delays, or labor shortages. For example, with employee timesheet software, you can quickly move crew members around to adjust for absences or when a job needs more workers on deck.
Actively monitoring and managing your crew is one of the keys to success in the construction business. Whether it’s making sure workers are being productive or checking to see that a particular team will finish on time, you have to be able to monitor and adjust as needed. If a crew is underperforming, it is essential to find out why and rectify the situation as quickly as possible by addressing the issue and working to fix it. With an online time clock, you can be alerted when employees aren’t adhering to their schedule or if they’re taking longer to complete a job than allowed. You can then use this information to take action as needed.
Processing payroll can be a time sink without the tools and features of a time attendance clock. The automation that a time clock provides allows you to streamline the entire process. This ensures that your payroll is not only more accurate but is processed faster. This will make your labor budget and your employees much happier. Online time clock software is a great tool for any business, especially construction businesses where time equals money. With this tool, you can reduce time theft, accurately job costs, streamline payroll processing, and predict labor requirements. All of which can lead to improving business operations.