| | Time RecordingTime recording is important for companies
to manage how employees are spending their time. Time recording is also
a necessity for companies that bill for time spent on the work they do.
Time
recording can be categorized into two different types: accurate and
estimated. Both types of recording time have their advantages and
disadvantages.
Accurate
time recording is the sort of time
recorded by the old time card machines. When an employee punches in or
out the exact time and date is recorded. The advantage of accurate time
records is that they are exact, even down to the second. Such precision
can often result in more time being billed for. One problem with
accurate time recording is that employees can forget to punch in or
out. To counteract this problem some time recording solutions have
feature to automatically punch people out after a certain time period.
Estimated
time recording involves an employee giving their best estimate as to
how much time they spent doing a certain task or project. Entering
timesheets is an example of estimated time recording. The advantage of
estimated time recording is that employees don't spend as much time
with the actual time entry process. The disdavantage is that you will
not have accurate records which results in over billing or under billing.
CyberMatrix has solutions for each of
these types
of time recording applications. In Out Scheduler keeps track of which
people are in the office and when those who are out will return.
Timesheets enables employees to easily enter the estimated time spent
on projects or tasks. Project Clock and Employee Project Clock keep
highly accurate records of when people start and stop working on
projects or tasks.
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