Small business owners making the switch to online time tracking end up loving their decision. Online time tracking is so easy to use and so very cost effective. Employers manage the company’s time and expenses from anywhere and employees punch the clock from approved locations and only when they’re actually present. All of this convenience and accuracy serves to save companies a lot of money.
But while those new to their new employee management software enjoy every minute of it, they don’t necessarily know all of the awesome, time-saving features it has to offer. Here are 5 must haves to get started using right now:
1. Account Codes
This guest post was brought to you by Michael Klazema with Backgroundchecks.com.
The next time your company has an open position, count how many applications you receive from recent college graduates. Chances are, the number you end up with will be quite sizable, a sign of just how many young people are currently looking to enter the job market for the first time. While some employers steer away from hiring this segment of the workforce, preferring to look for older applicants with more professional experience, human resources departments everywhere are starting to change their tune and take chances on younger and less proven workers.
This is a good decision.
If you have heard of Heartbleed, you may be wondering if your sensitive data inside of your Timesheets.com account was at risk. I am pleased to report that it was not, thankfully.
The Heartbleed bug was a security vulnerability to the popular encryption technology called Open SSL, which potentially enabled attackers to eavesdrop on transmitted data, such as passwords, and steal this and other data. The bug was discovered on April 7th, 2014. It is unknown if any attackers had discovered the bug and breached any systems through it.
Timesheets.com does not use Open SSL to transmit secure data. We use a different type of encryption technology that is not affected by this Open SSL bug.
Thanks to SaaS (software as a service), we are in a new era of business operations. In the past, companies kept records on paper or on software programs that crashed, required updates and messy installs, and were thoroughly un-customizable.
SaaS changed all of that. Now most business services are offered in the cloud. Cloud-based services offer accuracy, flexibility, and up-to-date features. They are convenient, fast, relatively inexpensive, and available from anywhere. With this set of benefits, it’s easy to see why companies are making the switch.
Business services of all kinds benefit from this model. Time tracking is no exception. Here are ten reasons why cloud-based time tracking is beating traditional time clocks and spreadsheets out of the water:
Overtime violations fit into a category called wage theft. And the thieves are, in this case, not the poor or needy, but the more fortunate business owners. While they would hardly call themselves thieves, they essentially steal wages from the poor and the needy: their low-wage employees. Sometimes business owners and managers do this by accident but most of the time they are trying to cut corners and save money by either:
- Withholding overtime
- Making employees work off the clock
- Tip withholding
- Paying employees under the minimum wage
According to a report from the University of California, overtime violations are a big problem. The authors state that,
When a clerk grabs the change due from the cash register and plops it in your hand, you would have to do some pretty quick math to be sure you got the right change.
But when a clerk counts up from the total and stops at the amount tendered, it is a relief for you and a guarantee for her that the amount is correct. While it seems daunting to some to count this way, all clerks should count change like this. It’s good for business and good for the customer.
Why Employees Need to Know How to Count Change Back
When business picks up or you need to replace an employee, you’ll be hiring again. But you can’t just grab the first person that says, “I’ll take it”. It’s better to hire great people occasionally rather than mediocre people often. There are several good reasons for holding on to a good workforce, rather than having a high turnover rate:
The better the workforce, the better the work that gets done. This is important no matter what kind of work your employees are doing. Whether it’s customer service or product design, the quality of work at every stage ultimately matters to the customer.
Hiring that great employee can be a challenge. Here are some tips to help you get it right the first time:
Where to Look
The mileage rate is intended to cover all the costs associated with operating a vehicle for business purposes, like wear and tear and gas expenses. So if an employer reimburses mileage, he should not also reimburse for gas or for times when the car is in the shop. Mileage reimbursement is intended to cover those expenses.
The IRS mileage reimbursement rate is currently 56 cents per mile. The IRS comes up with this number based on research:
“The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile.”
Break down of these expenses over the course of one year:
If you’ve wanted us to add a work schedule feature to our popular time tracking service, it’s finally coming! BUT WE NEED YOUR HELP FIRST! We want you to take a look at the feature and tell us if we’ve missed anything.
Call 800-770-4959 or contact us here: https://www.timesheets.com/contact-us.cfm to ask for a tour of the new feature. We would love to get your feedback!