It’s a given that tracking time for your hourly employees is going to happen. However, if you have salaried employees, should you track their time, too?
You may wonder why it even matters if you track the amount of time your salaried employees work.
The fact is, there are several reasons you need to track your salaried employees’ hours. Fining out what these benefits are can help you see why this is so important.
1. Avoid Paying for Non-Working Hours
While this isn’t always the case, in many situations, salaried workers earn more money each hour than employees who are paid by the hour. This factor alone is reason enough to track time and see where your dollars are going.
For example, consider if you had a salaried worker who earns $60,000 per year, but takes hour-long lunch breaks. They take these breaks without changing their claim of a 40-hour work week.
If this happens, it’s costing you more than $6,000 per year. This is just factoring in one employee who is doing this.
By adding in another layer of accountability by using a time tracking system, such as Time Clock Wizard, you can dissuade the majority of your workers from trying to fib a bit on their hours.
What do you use as an indication of success? In some cases, productivity doesn’t mean you have to use every second of work time to its max.
Time is just a single variable. While it is important, it isn’t the only component.
Time allows you to budget projects and figure out the costs of labor input. This is why so many companies have opted to use time tracking software.
In some cases, it’s necessary to rack time against estimates to keep the budget in check. However, for creative people, or for those whose work doesn’t convert to hours but results instead, time tracking may be pointless.
3. Increase Levels of Productivity
What many people don’t realize is that tracking your worker’s time isn’t about spying on them. Although this is what many think.
The real purpose of implementing time tracking is to enhance work and make employees more productive. Spoiler alert – providing copious amounts of coffee to workers doesn’t increase productivity! As a result, you have to find another source of motivation.
If you make the decision to track your salaried worker’s hours, you need to back it up with your willingness to achieve more – as a team and an organization. It is all about engaging your employees in the work they do.
After all, it’s estimated that up to 25 percent of all corporate internet traffic is unrelated to work. As a result, tracking hours actually worked can eliminate this, while boosting overall productivity levels.
Tracking Salaried Employees Hours: It’s a Smart Move
As you can see, there are several benefits offered by tracking salaried employees’ hours. Be sure to consider the factors here to determine if this is something you should do.
If you found the information helpful, then be sure to check out some of our other blogs. For example, we offer information on five must-have wine accessories.