Time tracking and recording attendance of employees is crucial for businesses to manage labor costs, optimize resource allocation, and ensure compliance with prevailing labor regulations.
It involves recording and monitoring work hours of the employees which is then used for payroll, project management, and productivity assessment.
Here’s an explainer on how time tracking can help construction managers optimize resource allocation, control budgets, and improve overall project efficiency.
Although on the decline, some businesses still track time manually – and face human errors, payroll discrepancies, and disputes. This is because manual time tracking is not only time-consuming and inefficient, it also requires extensive paperwork and administrative effort. Furthermore, manual time tracking leaves the doors open for fraud, such as time theft and buddy punching.
These challenges become more pronounced in the construction industry, as manual time tracking causes difficulties in monitoring labor costs, adjusting worker schedules, and ensuring projects stay on track.
As a result, construction managers are increasingly opting for automated time tracking to improve efficiency, reduce human errors, ensure workers are paid correctly, and prevent payroll disputes.
With automated time tracking, construction managers can record the hours each worker spends on specific tasks, projects, or job sites. This real-time worker monitoring allows them to keep a check on labor costs and improve employee productivity. It also enables construction managers to prevent time theft, unauthorized overtime, and buddy punching, allowing them to gain better cost control in the process.
Furthermore, with data-backed insights, construction managers can optimize schedules and resource allocation to meet project schedules on budget.
Time tracking reduces overtime (OT) costs
Time tracking allows construction managers to accurately record work hours, enabling them to prevent unnecessary or unapproved extra time and minimize overtime costs. By spotting inefficiencies, adjusting worker schedules, and effectively allocating resources, managers can control labor expenses.
Time tracking provides managers with the insights to make informed decisions to ensure multiple projects adhere to the defined timelines.
Furthermore, real-time monitoring enables construction managers to reduce payroll errors and unexpected costs while ensuring compliance with industry-specific labor policies. This not only enables construction managers to avoid legal penalties, but also improve worker well-being and maintain productivity on job sites.
The labor policies for the construction industry regulate wages, working hours, safety standards, and employee rights to fair treatment. They also include guidelines on overtime pay, rest breaks, and workplace safety regulations enforced by agencies like OSHA (Occupational Safety and Health Administration) in the U.S., which construction companies are required to comply with.
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Prevent employee burnout and retain employees
Long work hours, physically demanding work, and high-pressure deadlines can lead to employee burnout in the construction industry. This burnout can increase safety risks, project delays, and employee turnover rates. Therefore, it is essential that construction managers ensure proper workload management and rest periods – as specified in the labor laws – to prevent fatigue, stress, decreased productivity, and attrition, while meeting regulatory obligations.
With accurate time tracking, construction managers can balance workloads and provide workers with adequate rest periods, thereby preventing employee burnout. Optimized work schedules can reduce overtime and keep the skilled workers engaged, which in turn can improve job satisfaction and employee retention. In addition, accurate time tracking facilitates accurate payroll that ensures employees receive correct and timely payments, reducing financial stress and increasing job satisfaction.
Fingercheck has provided us with a way to streamline all HR duties and ensure employees have an easy way to track their own hours. Of course, we recommend it!”
Construction managers must consider using self-service platforms like Fingercheck to empower workers to track work hours, request time off, access pay details, and manage benefits on their own. This convenience not only provides workers with greater control over their schedules, prevents burnout and improves job satisfaction, but also proves useful in promoting transparency.
By providing construction workers with easy access to their schedules, timesheets, and payroll information, self-service platforms reduce the administrative burden on managers.
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Fingercheck streamlines communication, reduces paperwork to enhance efficiency, keeps employees informed, and contributes to a more collaborative work environment. Its seamless payroll integration and detailed reporting enables construction managers to maintain accurate records and prevent payroll disputes.
With built-in compliance tools and real-time alerts, Fingercheck keeps businesses updated with evolving labor laws, enabling them to ensure compliance and avoid risks.
Cut overtime costs, keep your team happy, and stay compliant—Fingercheck makes it easy. Get Started today!