As a restaurant owner or manager, chances are that in a bid to maximize your profits, you have already heard of restaurant clocking systems and perhaps invested in one. If you are yet to invest in one, you are probably recording hours on paper time cards and other traditional systems. Such systems leave lots of room for human error and employee dishonesty, and are probably draining thousands of dollars from your restaurant. Clocking systems are saving businesses a lot in terms of payroll expenses, but you already know this already. Let us look at some interesting facts related to clocking systems and time and attendance in the U.S.
1. More Employers And Employees Are Willing To Embrace Biometric Technology - According to a study conducted in 2004 by the American Payroll Association, more than half of the participants indicated they were more than willing to use biometric technology to track and document time and attendance .
2. About 15% of employees in the U.S. arrive late for work at least once a week - In February 2014, CareerBuilder released survey results that indicated 23% of employees in the U.S admitted to reporting late for work at least one a month, while 15% confessed to being late at least one a week. The same study results showed that only 48% of employers were strict about employee tardiness, whereas 18% of the employers said they didn't care about tardiness or lateness as long as employees completed their tasks well. About 34% of the employers said they don't mind employees being late occasionally as long as it doesn't become a habit. Nevertheless, 35% of employers in the U.S said they don't entertain tardiness and have fired employees for excessive tardiness.
3. Large companies are saving as much as 1,600 per worker through clocking systems - An Axsium Group survey that was conducted in 2010 reported that large companies are saving as much as $1,600 per worker through cloud-based workforce management systems such as restaurant clocking apps. This means that if used in the right way, clocking systems can save restaurant owners the same amount or more annually.
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4. The most successful companies in the U.S. use automated time and attendance solutions - An Aberdeen Group study showed that 88% of the most successful businesses in the U.S. no longer use traditional methods to collect their time and attendance data. Other studies showed that 86% of the best companies today integrate these systems with their payroll systems. You can easily join their ranks by automating your time tracking with an affordable restaurant clocking app.
5. Most employees don't report their time accurately - In a recent survey, 60% of the employers interviewed said that their employees rarely record their time accurately, either deliberately or by mistake. To counterattack this, the employers were advised to automate their time and attendance data collection.
6. More companies intend to upgrade their time and attendance systems in the next two years - According to the American Payroll Association, 82% of companies intend to upgrade their time and attendance systems as soon as possible. If you are still entering your time and attendance data manually, perhaps its time you considered moving to a new system as well.
7. The FLSA (Federal Fair Labor Standards Act) and the laws in the majority of states oblige employers to keep correct records of nonexempt employee hours - The FLSA (Federal Fair Labor Standards Act) and the laws in the majority of states require employers to keep correct records of nonexempt employee hours. A restaurant clocking app will simplify this for you while saving you time and money in the process.
8. Employees must be paid for the time it takes to put on and take off protection or safety gear - In 2005, the U.S. Supreme Court ruled that employees must be paid for the time they take to put on and take off safety gear. The court also passed that employees should receive payment for the time they take to walk between the production area and the changing room.
9. Automated timekeeping systems can pay for themselves within a few months - According to study results by Nucleus Research, automated timekeeping systems can pay for themselves within a few months. Paybacks usually come from reductions in the following
d.purchasing time cards and time sheets
Out of all respondents, 88% claimed that eliminating payroll errors alone was enough to pay for their systems.