With the rise of the 9-to-5 workday in the 20th century, millions of workers began to live by the clock. Workers would “punch in” at the start of the day, and “punch out” when their shift ended. However, with the rise of networked computers, cloud software, GPS, and social media, network time clocks have become an integral part of our daily lives — even though most people don’t realize it. Whether it’s a high quality WiFi digital clock mounted on the wall of a call center or a synchronized network time clock system utilized across an international company, these network clocks are an important piece of technological equipment in the modern workplace.
In fact, these network clocks are one of the most important innovations in the long history of timekeeping. Here are some of the main advantages of implementing a network clock system into your business’s operations:
Harvard Business Review recently reported that the U.S. economy loses an estimated $7.4 billion per day due to improperly filled out time sheets — that’s about 50 million hours of productivity gone by the wayside. Although individual businesses might see a few time clock mistakes here or there in a single week, those issues certainly add up and can actually put a financial damper on your bottom line. Spread across the entire U.S. business sector, however, $7.4 billion is unacceptable. Synchronizing clocks company wide, down to the millisecond, not only improves efficiency, it can also save a lot of money in time clock errors and similar mistakes.
Manually processing payroll and time data can be extremely time consuming and lead to even more companywide errors. By using more integrated technology across your business, you’ll be able to calculate time and payroll more effectively at the end of a pay period. However, modern network time clocks provide productivity benefits that extend far beyond payroll processing. Without an internal network clock on your local server, all of your computers are dependent on internet access to maintain synchronized time. For tasks that require timestamps, this can lead to serious problems across your organization.
Improve Managerial Responsibilities
One of the more difficult tasks of being a manager is dealing with time off requests, scheduling, and unconventional working arrangements. Because so many employees are working remotely, from home, or sporadically, keeping track of all that time can be a nightmare for a manager. Thanks to clock network integration, however, it’s much easier for a company manager to track time, productivity, and address timekeeping issues right away. Without a reliable timekeeping system, it becomes much harder for managers to accurately monitor their employees.
We’re 17 years into the 21st century, which means it’s long past time to improve your business and utilize better timekeeping strategies. Take advantage of the technological opportunities you have available to help your business succeed in 2017. If you want to learn more about the benefits of using network time clocks or find a great WiFi digital wall clock for your office, contact TimeMachines today.