How Can eTimecards Avoid Late Paydays?
If you’re considering making the switch to an easy time clock app, one of the areas that is most likely driving this decision is your payroll. An easy time clock app could prove quite useful when it comes to streamlining your payroll processes, having a positive impact for both you and your employees. Curious about how eTimecards can help you avoid late paydays? You’ve come to the right place. Below, you’ll find everything you need to know.
The Problem With Late Paydays
QuickBooks recently ran a study in which 20 percent of respondents said they were not paid on time. Imagine a scenario where you complete an extensive construction project for a company, and then they don’t pay you for your work. As a result, you cannot pay your employees or vendors. The consequences would be devastating, right?
The same thing happens to employees when they are not paid on time. When payments are not timely, employees can’t pay their bills and buy necessary items for the household. Just as employers are in trouble when a company doesn’t pay, employees are in danger when employers don’t pay.
Unfortunately, throughout the construction industry, there is a stigma that construction employees are not consistently paid on time. However, switching to an easy time clock app could help change that.
Never Lose Time Sheets
Have you ever had a manager lose a paper time sheet? In the construction industry, this is all too common. When this happens, managers must scramble to try to have employees report their time-worked again, a nearly impossible scenario. Lost time sheets almost always result in late paydays.
A time clock app can help prevent this from happening. That’s because time clock apps eliminate the need for paper time sheets. Instead, employees clock their time on their phone. Business owners will then receive a report of every employee’s time worked, no matter where the job site is located. Owners won’t have to worry about site managers hand-delivering paper sheets ever again.
Manage Time Sheets Efficiently
When using a time clock app, you’ll receive a breakdown of how much time your employees worked every day. You can review this at the end of the day to check for any errors. If you notice any inconsistencies, you can contact the employees through the app directly and ask for clarification. Upon clarification, you can then adjust time sheets. You can do so from a:
No longer will you have to wait until payday to correct errors. Waiting this long could increase the time it takes to correct the problem. By fixing problems in real-time, you’ll find that it is much easier to run payroll, thus making it easier to pay employees on time.
Run Payroll Instantly
When it comes time for you to run payroll, you won’t have to spend time manually entering information into your system. Instead, the information from your time clock app is sent automatically to your payroll system. All you need to do is click “Run Payroll” to process your payments.
The QuickBooks study found that nearly 20 percent of employees said they would quit if not paid on time. Why take this risk when employee turnover is so volatile in the construction industry? Use a time card app to ensure your employees receive timely payments.