What is timekeeping? It’s timeThis is a question that many businesses and employees are interested in in the current context. Timekeeping is not simply recording employees’ working time but also an important part of human resource management and optimizing work performance. Understanding and applying an effective timekeeping system will help businesses better control working time, ensuring transparency and fairness in human resource management.

Let’s learn about timekeeping with CloudGO below!

What is timekeeping?

Timekeeping is the recording of employees’ working time, including: time to work, time to leave, breaks, overtime, meeting country email list customers, organizing events, etc. Timekeeping data will be used to calculate salaries, bonuses, leave, and evaluate employee performance.

There are many different forms of timekeeping, from traditional to modern, each with its own advantages and disadvantages:

 Timekeeping by magnetic card

This is one of the popular timekeeping methods in businesses today. The timekeeping method using magnetic cards uses a specialized not being aligned across departments timekeeping machine combined with a magnetic card. Each employee will be given a magnetic card with a personal code (including information such as full name, employee code, position, department or division).

When arriving and leaving the workplace

they just need to insert the card into the machine to record the time. The timekeeping machine will automatically read the information from the card and save the employee’s working hours. This method helps to minimize errors in time recording and increase processing speed for the human resources department.

Advantage:

• Convenient and quick in recording working time (takes only 1-2 seconds).

• Minimize errors in time management and payroll, saving time and effort for management, human resources administration, and accounting departments.

• Suitable for all types of businesses

• Limiting the impact of the external environment on the china phone numbers  machine’s timekeeping capabilities.

• Magnetic cards are made of plastic, durable and easy to store, with a lower damage rate than paper cards.

• Data can be linked to computers to help control and process payroll information more efficiently.

• Ability to store information even during power outages if the time clock has a power backup function.