We all know time is money. Employee time-tracking and productivity measures are a critical function in the way businesses operate and measure profitability. The world of business is ever-changing and becoming more complex; therefore transparency about time especially with a global hybrid workforce driving business in current times is crucial to the success of any organisation.
Remote work is here to stay as recent large-scale global employee surveys have pointed out. Due to the recent shift in more and more employees opting to work out of home, HR departments of global mid-size to large organisations have had to adapt to this changing trend, adding more complexity to time-management. With a remote workforce distributed across various geographies, the protocols on time-off, leave of absences, overtime and so on differ widely as different regions have different labour regulations.
As modern businesses operate in a dynamic world where operational changes and rising customer demands are the norm, being pro-digital and working with business technologies that support these requirements is a necessity. To adapt to market changes and stay competitive, HR departments can leverage cloud-based human experience management (HXM) technologies and systems that support among other aspects employee time management and productivity. An efficient time tracking solution easily integrates with other essential business systems for best management of employees’ time and helps organisations keep track of employee workhours and analyse the data for better productivity.
Time management is a crucial factor in optimising your workforce for improved productivity and performance. A cloud-based time tracking solution provides visibility into work processes and improves accountability. Here are some of its benefits:
Better accountability: Due to increased hybrid work situations, HR teams have found it challenging to adapt to the disparity in remote versus office work. Time-tracking offers the transparency and real-time visibility into employee data on attendance and work hours and improves accountability for everyone, benefiting the business.
Visibility into work processes: How do you determine if your business workflows are more productive in one location than another, or how much time should be dedicated to a certain kind of work? Using time-tracking, businesses can get definitive answers and insights for optimisation.
Improved efficiency and speed: Cloud-based time tracking such as that enabled by SAP SuccessFactors makes it easy to manage employee timekeeping and approval related tasks. If manual, this process can be very time-consuming especially when there are layers of approvals required during payroll time. Cloud-based time tracking helps to automate these processes with centralised visibility while also offering exceptions to the rule with role-based exemptions.
Employee retention: With SAP SuccessFactors time tracking in the cloud, HR can get a complete view of workforce data and productivity and also spot the areas of challenges or inefficiencies. With the knowledge and insights available, HR can make decisions about under-productive or over-worked teams and optimise the workforce accordingly. The available information makes it easy for HR department to enable support for over-worked employees and also promote or reward them.
Unified and centralised platform: With a cloud-based time-tracking solution, you don’t have to deal with siloed payroll costs spread across regions – you have a unified and centralised platform that integrates easily with payroll software and other business systems to receive accuracy in fiscal information, in real time. Cloud-based time tracking helps to analyse payroll data and compare payroll costs to productivity and manhours spent on various projects and tasks.
Personalised interface: For better usability and relevance, cloud-based time-tracking solutions enable self-service that teams are able to easily use and access from anywhere, anytime. A simplified and user-friendly personalised interface enabling time entry is easier for employees to use as opposed to legacy software that is cumbersome and not intuitive. Furthermore, you have the advantage of customising a cloud based time-tracking solution to address the unique needs of your business. This way you gain visibility into and access to schedules, alerts reports and other such important insights.
Reporting and analytics: Embedded analytics and reporting supports complex scenarios and enables HR to keep up with compliance and labour regulations. Cloud-based time tracking solutions enable you to receive automated alerts about overtime by setting rules for each employee or role. Embedded analytics and reporting can make best use of AI to deduce workplace scenarios and provide relevant information for employers to action.
To be effective, businesses need a cloud-based time tracking solution that can help HR stay on top of when employee workhours, time off, breaks and related data pose risks for region-based non-compliance. Cloud-based time tracking not only supports employee productivity and well-being but also efficiency in corporate risk management.
SAP SuccessFactors time tracking offers modern self-service time and attendance tracking processes that improves workforce productivity. If you are ready to integrate a cloud-based time-tracking solution into your organisation and wish to know more about SAP SuccessFactors, get in touch with us here.