7 Key Benefits of Timesheets for Salaried Employees

salaried-employees

A timesheet is a document that plots the times when employees arrive and leave work, as well as any overtime hours they work.

A timesheet also tracks all of the breaks an employee takes throughout the day to ensure they are not charged for time not spent working.

That's why we've put together this post about how to use a timesheet for salaried employees, complete with info on why you should be using one in general, and 8 of its best benefits! Check it out!

Let’s look at a few reasons why you should maintain timesheets for exempt employees:

1. Exact Billing for Departments

2. Accurate Billing for Clients

3. Error-free Overtime Compensations

4. Track Time off

5. Efficient Project Management

Having a proper timesheet helps you to keep track of attendance leave and payroll.

Absence and Attendance Tracking

Salaried employees are typically expected to be available to work 8 hours a day, 5 days a week.

Compared to hourly employees, the absences of salaried staff won't impact company revenue or productivity.

For that reason, it might seem that tracking their attendance is not necessary.

But a timesheet can still be a useful tool for tracking an employee's attendance and absence patterns.

This will help you keep track of when an employee takes sick leave or other time off work.

The data you record will allow you to understand how much time they spend at the office on average, which in turn will give you a clear picture of their productivity levels each month.

There are a couple of ways you can use a timesheet to keep tabs on employee absences.

You can download the timesheet from your employee's desktop or smartphone and print it out to use as a daily monitoring sheet.

You can also send them an email reminder to log their absence and availability, which will help you calculate their available hours in the future.

But if you don't want to deal with this hassle, there's another way: using a timesheet template.

Using this type of template, you can track attendance and absence information in just one glance, and print out till-the-last-day reports that show how much time each employee has spent at work that month.

Payroll on Time

As a manager, you probably wish that all of your employees would take care of their timekeeping responsibilities on their own.

But usually, the only timesheet they have to fill out is for tax purposes, so they are often too busy to remember to send it in!

A timesheet helps you take the responsibility out of their hands.

When you download your employees' timesheets from your online management system or mobile app at the end of each month, you'll be able to create the payslips for your salaried staff without any hassle on either side.

To get all this automatic equip your organization with time tracking software like Time Champ.

Time Champ can be able to automate your business processes so that there is no human intervention needed.

Be it, for collecting the timesheets by your teams or submitting invoices for your clients based on the accurate timesheets collected by the system, you can run a completely person-independent business process.

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