Swipeclock created a great example of how a time-keeping system can prevent employers from overpaying employees due to time card approximation (i.e. rounding up).
If an employee making $11/hour works 9:04 – 4:56 but he enters 9:00 – 5:00 on his time card, that is a difference of 8 minutes. You may ask, “8 minutes, what’s the big deal?”
If you have 25 employees approximating their time cards just 8 minutes each day, let’s check out the break-down:
And here is what you can save annually:
@ $9.00/hour – $7,800
@10.00/hour – $8,667
@11.00/hour – $9,529
This is a hypothetical and extreme example, but it highlights a key point in that manual data entry is challenging to verify, track, and auto-calculate. Timekeeping software, on the other hand, minimizes human error and automatically calculates and tracks clock ins and outs.