EMPLOYEE TIME SHEETS IMPORTANCE TO BUSINESS MANAGEMENT

2007-03-08 10:33:40

( Computers )



Employee time sheets allow employers track the number of hours their employees rendered while in office. It helps employers calculate the regular pay rates of their employees based on the number of hours worked stated in the filled up time sheets. Employers can keep records of time sheets to provide them a history of how they arrive at regular payments to their employees. It is also important to track the number of hours employees render overtimes for the company.

Employee time sheets are important to business management in terms of tracking the actual cost of salaries paid to employees as well as provide a basis on accounting records in terms of expenses on salaries of employees. Tracking records of expenses is important for business management so that employers are updated on how efficient are their costs with regards to business operations and also evaluate whether employees time are put to good use in the efficient management of the business’ operations.

It is also necessary for employers to evaluate the tardiness and absences of their employees which can be seen in the records of employee time sheets. Usually reminder or warning memos attached filled up employee time sheets in reminding employees to cut back on their tardiness or absences. It also serves as basis on computing deductions on salaries of employees based on the actual number of days they report to the company.

Employee time sheets should be put near the entrance of the office where employees can spot it upon entering the office. A staff should be held liable for the custody of the time sheets which will be turned over to the accounting department for salary computation every payday. The staff should ensure that each employee signs his employee time sheets before submitting it to the accounting department. It signifies that the data indicated in the filled up time sheets are filled up by the employees themselves.


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