![]() ![]() How to Calculate Man-Hours in Construction The billable hours and overtime must be recorded to ensure that employees and employers have a fair deal at the end of the workday. Businesses and wages have to be in compliance with the Fair Labor Standards Act, which seeks to protect employees. The risk of overpaying or underpaying is eliminated, and employees receive an accurate paycheck. However, when time tracking software replaced handwritten time entries, payrolls became easier to process time and energy are channeled into other areas, thus improving productivity. The American Payroll Association (via Business 2 Community ) found an error rate of “1 to 8% of total payroll in companies that use traditional timecards.” Furthermore, about 40% of small businesses “incur an average of $845 a year in IRS penalties” due to mismanagement of payroll processes. An online time clock can also integrate with your payroll provider to streamline the process. When employee time records are handwritten, there is a greater risk of errors due to illegible writing, inaccurate time entry, time theft, and so on. The payroll department receives the most impact from time tracking because employee time data records determine the amount one gets with every paycheck. Most of the benefits of adopting a time clock calculator in construction boil down to the payroll. Aligning an Online Time Clock With Payroll The following are some of the benefits of using time-tracking technology in construction. ![]() ![]() If you're looking for reasons to adopt a reliable and intuitive time clock calculator in your business, keep reading. Employers have managed to improve payroll errors and the losses incurred through excess hours unaccounted for. A modern time clock has done a world of good to many industries and resulted in accurate employee payroll. Time tracking software for construction companies is an important part of a business when accurately tracking hours worked. ![]()
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