Answering Your Top 5 FAQs About Timesheets
Are you feeling confused about the number of hours your workers put in during this week? We understand your predicament. Keeping track of thousands of employees within your organization via timesheets requires strategy and skill, which you don’t want to take lightly.
Research shows that 89 percent of employees work on weekdays and 31 percent on weekends, which translates to roughly 2,080 annual working hours on average. Here are some frequently asked questions about timesheets.
FAQ #1: What Are Timesheets?
It’s a record of the time your employee spends on a job or while working for a particular client, throughout a specific period. It’s usually displayed in a tabular format either on a sheet of paper or via a digital spreadsheet.
FAQ #2: How Do Timesheets Work?
Your employees can record the time they came into work and clock out at the end of the day when they’re done working. As a supervisor, you can also deduce the time employees spent in the office, including their breaks.
The information is inputted daily, which adds up to totals at the end of every week and month. This helps your human resources team to calculate employee attendance at the time of payroll.
FAQ #3: Are Timesheets Confidential?
If your company’s timesheets solely include data about employee hours, then they aren’t confidential as per the public records law because they’re only used for financial purposes. But if a timesheet includes comprises of employee’s social security numbers or performance evaluation information, then your local government cannot let anyone access them.
FAQ #4: How Are Timesheets Different from Timecards?
The purpose of both these tools is the same, i.e. to record employee or supervisor hours spent working. But timesheets record more information than timecards. A timecard only tells you the time your employees clocked in and out of the office.
In contrast, a timesheet additionally helps you record several assignments during a given period for payroll processing, billing clients and project accounting.
FAQ #5: Is Timesheet Software Related to Employee Productivity?
Research shows that highly engaged teams display 21 percent greater profitability. Timesheets can benefit your business by creating ease and efficiency, can inhibit multi-tasking and enhance focus on your priorities.
This way, you’re able to stay organized and on top of your schedule. Tracking your employee’s hours can also increase the chances of your team taking responsibility for their actions, maintaining transparency and decrease the chances of time theft.
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