Tuesday 22 November 2011

Influence of timesheet in organisation

                                                         Timesheet have become a necessarily an important implementation  that each organisation should have. Organisation can loose a large part of their money if they cannot organize their employees in an effective way! . The companies which does not deal with these things effectively will normally result in overpaying their employees. Here we are going to discuss the influence that these timesheet can have over the organisation.

The first and the foremost thing that a timesheet ensure accuracy , reliability is over payroll. Payroll is a vital aspect of any organisation even a minor glitch in these payroll will not be tolerated by anyone. Naturally if the size of the organisation is big so will be the number of employees and hence there is a possiblity for an error.But timesheet make sure that the employees are paid for what they have worked. 

If a timesheet is properly maintained in an organisation it will act as a written proof  for the amount of time they have worked. Sometimes employees may claim that they have worked for more hours than they have been paid for. In such a case if there is no solid proof then it will create chaos among the employees. But if a web based timesheet is used then it will be a written proof stating the time they have worked in the company.
Another important reason is these timesheets are an important way to track the over time. work done in over time normally will be paid more than the normal work in such case accuracy is a prime factor and timesheet can handle them with ease!!
There are various types of timesheet . A very basic one is the paper based timesheet where you can simply keep a track of the work done by your employees. But the problem is these are quite ineffective and a lot of manual work has to be done to calculate payroll and all. Besides there is a high risk of doing some manual errors in payroll calculation. 
Taking the risk and difficulties in this paper based timesheet one can afford for a web based timesheet which is quite simple to use and very effective and accurate.With this calculating payroll , maintaining absentees list will all become quite simple.  Apart from that report generation can be done with great ease which is not possible in paper based timesheet.

If you plan to run your business effectively then it is a must to keep a track of your employee time . And also using timesheet will  help you to avoid the problem of over utilization or under utilization of the employees. When a timesheet can save you 1000 dollars why should you think to spend few hundred dollars!!!!



Wednesday 9 November 2011

The Necessity of the Time Sheet

Timesheet is a mandatory implementation in every organization and implementation of timesheet will help a lot in reducing the frequency of the disputes between the employees and the supervisors/employers . It is also a very effective way to track the labor cost and hence the business accounting can be made more accurate and error free .
Timesheet has become an integral part of any business today and also it has become an indispensible part of the organisation . This is a formal proof and a document to view the amount the worker has to be paid based on the amount of hours he has worked . This also helps the employers to assign the task to the employees and this can be easily done with the help of the timesheet software , while assigning the tasks to the employees there should not be over utilization and under utilization of the employees for these things timesheet can be of great help .
The most common type of timesheet used is of web based . This web based timesheet helps the project members who are geographically divided to record the time they have spent on doing a particular tasks in a much effectively and quicker way . As these software are digital they don't occupy any physical space in the living room or in the office . But in the case of paper based timesheet it needs additional care to be taken and also additional employee to look after it besides it occupies lot of physical place to store them .
As another time saving feature in the case of web based timesheet if the previous day's work and today's work are the same then the employee can just copy and past the yesterday's work but these cases are impossible in the case of paper based timesheet . Normally the works in assembly unit of factory will be the same and these people can use this feature of web based timesheet as a time saving feature .
As the project proceeds the information that are entered in the timesheet can be framed to graph that will be easy to compare the growth of the projects . This will help the project lead to have a clear idea of what is actually going on and also to keep track if the team is surging towards to the completion of the assigned task . In many ways the timesheet is indespensible of any organisation irrespective of the size of the organisation .