Daily Timesheet Template to Maintain and Increase Productivity of the Employees
A daily timesheet template is a form that contains employees’ work record day to day, by the hour, minute, and even second. It is intended to use as a helpful tool in deciding and paying their hourly rate. Most of the templates will include the employee’s identity such as name, work department, and the supervisor’s name. The form should also include the check-in and check-out time mark, for the beginning and end of shift. The total hours that the employees have worked can be calculated as well as their overtime to give them payment.
What is a Daily Timesheet?
Daily timesheet template is a pre-made document that used to track the total amount of time or hours that the employees have fulfilled. It is available in various formats such as PDF documents, Microsoft Word documents, or Excel spreadsheets. You can find the template according to the payment schedule of your employee, such as monthly, biweekly, or weekly.
If your business or company size is large enough, you may be benefitted more by using automated software to track the employees’ timesheets. That way, you don’t have to manually manage or check the payroll, which can be a bit of hassle and time-consuming sometimes. There is plenty of timesheet software to use both online or offline, with a customized template that syncs with payroll software. Using this method may minimize or eliminate the chance of mistake or error in tracking the employees’ rates.
What Are the Benefits of Using Daily Timesheet?
The tight competition inside the business world drives business owners to be concerned to increase profits and doing cost-cutting. The working process can be accelerated and more efforts and time can be saved by using a daily timesheet template. Here are several benefits you’d get by incorporating the method into your business.
- It builds productivity
The fact that the employees’ work is tracked and monitored will make productivity and time efficiency increase. The employees’ workability and creativity may be enriched and strengthened through the working hours tracking tool, which will affect the company positively.
- It makes payroll processing easier
The working hours of the employees have been tracked daily on the timesheets. The report on it is in detailed form, making the job of the HR department much easier. There is minimal error potential in terms of payment calculating process.
- It provides more accurate data
This advantage is especially true if you are using time tracking software. There is zero chance that a worker can put false claims on extra work-time. It minimizes the potential of the actual hard-working employees feeling wronged. The company is also benefitted by payment efficiency.
Whether you have small or a big scale business company, you will get benefits from using a daily timesheet template. Not only it affects the business owner positively, but also for the employees as their needs and work-time will be acknowledged accurately. It is a perfect tool to achieve perfect management for the company and create a better working environment.