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Time Tracking

Time tracking refers to how organizations record the working hours of hourly employees and ensure those employees are compensated accurately for their time. It is a subcategory of time and attendance, which is a broad term that typically encompasses time tracking as well as other elements like attendance, time off, billable hours, and scheduling.
 
Time tracking breaks down into three main components:
  1. Time entry
  2. Approvals
  3. Reporting
 
Originally, these functions were all performed entirely by hand. Now they are often handled by computer software designed specifically for that purpose; however, there are still organizations who perform time tracking manually, either in part or in full. Time entry is the daily process by which an employer records employees’ starting times, finishing times, and any breaks not included in the employee’s contractual agreement. These times are called timestamps, and may be recorded on a physical document called a timecard or via an electronic method like a spreadsheet or time-tracking software. Time entry is often referred to as “clocking in and out” or “punching in and out,” the latter of which refers to “punching” the button on a physical time clock that stamps the time on a paper timecard.
 
Modern software can help organizations with those function, like HRMLabs. We help reduce time and cost spent on attendance tracking. Our proprietary solution enables onsite check-in/out, manage employee schedule, track overtime, and more. Check our features here.