Timesheets are also prone to human error, so where possible it’s essential to have checks in place. Automated billing is another benefit of tracking time, which can lead to more accurate invoicing and increased cash-flow.įor HR, timesheets provide a unique insight into the day to day life of their staff and can provide them with the ability to analyse and provide recommendations on how roles can be redefined if necessary.Īs with all changes, it’s important that the timesheet software used is able to integrate seamlessly, and not provide too much additional overhead for your staff. Swipe cards, and iPad based devices such as the ones Staff Squared provide are now replacing the traditional punch card and swiping in and out systems.Īsking staff to complete timesheets as part of their day to day tasks has numerous advantages including lowering costs by automating payroll and other associated workflows. Some employers request that their employees use a time card, or punch, system which allows them to clock in and out. Timesheets have since become more embedded in staff workflows and the information they now provide is used for client billing, project costing, estimation, tracking and performance management. Timesheets were originally developed for employers to accurately calculate their payroll. Did you know that you can track time in Staff Squared? Once all relevant details have been entered into the time card calculator, you'll be able to see an accurate calculation of your weekly work hours.In the most basic terms a timesheet is a document that staff use to record the number of hours they have worked per day, week or month. You'll need to adjust this figure if your organization uses a different rate. Many companies pay time and a half for hours worked above a typical 40-hour work week, so that's what this time card calculator defaults to. Step #4: Enter your overtime rateįinally, again referring to your company's payment policies, insert your "Overtime Rate". How much do you make per hour? Simply input your hourly rates into this field. This is usually 40 hours per week if you are a full-time employee. Skipping over the "Rounded Time" section which is just a calculation of the hours you tallied above and cannot be changed without adjusting the actual time card, we come to the "Calculate Overtime After" box where you can set the weekly number of hours after which you're paid overtime wages. Choose the option that corresponds to your company's payment policies. The first area, titled "Rounding?", allows you to round decimal hours to the nearest 5, 10, 15, 30, or 60 minute mark, or turn off rounding all together. You'll notice that there are five areas of information, four of which you can manipulate. Step #2: Decide a rounding optionĪfter your time has been posted for each day of the week that you worked, scroll down to the "How Much Did You Earn?" section. The "Total" column then tells Jim he worked 7.5 hours on Monday. He also inputs "13:00" for the "Break In" time, "13:30" for the "Break Out" time, and "17:00" for the "Clock Out" time. To accurately tally his hours for the day, Jim puts "09:00" into the "Clock In" column for Monday. He then clocked out at 5:00pm that evening. Calculate weekly timesheet hours and gross wages, including overtime, with 3 In/Out columns, hh:mm or hh.hh totals, and no typing colons or messing with AM or PM Choose your overtime setting and, if you would like the overtime rate calculated for you, enter a multiplier in the field provided. He took a break at 1:00pm for 30 minutes before resuming his duties. For example, Jim started work at 9:00am on Monday. It's important to remember that this time card calculator works in a 24 hour time format. Add a break deduction by entering your break's start and end times. Add the time you clocked in and out for each day worked. You'll notice that every day of the week gets its row. Step #1: Enter all your hoursįirst, you'll need to input your hours for the week into the time card calculator. Follow these steps to create your weekly timesheet and calculate pay in no time. We've made using this timecard calculator as easy as possible.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |