If you are managing a small business with a growing number of employees, it may be about time for you to purchase pay time time to monitor attendance. There are several models of payroll time clocks suitable for different kinds of businesses and employees.
Types of Payroll Time Clocks
The most common is the punch system time clock. Employees slip their time cards through or under the clock to time in and time out. The clock prints on the card the time recorded. There is also the biometric payroll time clock that uses human imprints to recognize employees. The clocks usually identify the employees through a finger, palm or retina scan, and logs in their entry and exit times. There is also a growing number of enterprises that are switching to time clock software. The software is installed on each personal computer unit of the employees. In the morning, the employees turn on their computers and log on. The log on is their time on record. At the end of the day, they log out for their time out record. If you own a very small business startup, you can have the badge reader time clock system. For this device, only one person – you – can time in and time out for the employees.
Payroll Time Clock Software Generates Reports Faster
Modern payroll time clocks come with software that makes it easier for the payroll unit to generate reports and compute payroll, overtime pay, and discounts. To get the most out of a payroll time clock system, you need to choose the one best suited to your business and the kind of employee control you implement.
The capacity of a payroll time clock system depends on the breadth and sophistication of records management you require per employee. Some systems can handle several hundred employees; others are limited to a maximum of fifty.