Whether you’re a payroll clerk, the CFO, or even the owner of your own business, processing payroll always seems to come with some challenges. Typically payroll involves collecting everyone’s time, calculating what they earned including overtime, paid time off, etc…and then scheduling it to be paid on time so everyone is happy. This is a process that can become very time-consuming…especially for larger companies. Collecting time data often is the most time consuming component of payroll and so we have illustrated the pro’s and con’s of different time collection systems below.
What types of systems have you used in the past for time card collection? Let us know in the comments below.
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