Posted on September 2, 2013
The necessity of installing employees’ time clock arises with the unfair practice of late coming, proxy attendance as well as time theft. Some employees deliberately do so in order defraud the employers, while few employees do not even realize that by doing so they are engaging themselves in a form of theft. A very common […]
Posted on August 30, 2013
In an era of intense competition, it becomes imperative to maximize the production and minimizing the cost. Payroll cost accounts for the major portion of the cost incurred by any firm. Overtime pay and increasing payroll cost may really hamper the growth of a company in myriad ways by putting strain on the available budget […]
Posted on August 26, 2013
Monitoring Payroll costs is an important concern for any business or industry. The small and medium sized businesses are already impacted with the increasing payroll costs that include both the regular pay as well as the overtime pay. Apart from increased payroll costs, even errors or employee rights violation are of great concern as employers […]
Posted on July 30, 2013
It is easy for small scale business owner to keep track of company’s resources such as capital, employees and facilities but what often seems ignored is employee’s time. Since time is difficult to quantify, business owners consider employee’s time as unlimited resource. It has been studied that people on a large scale are not satisfied […]