A timesheet can monitor productivity, attendance, overtime, vacation days, sick days, and any other absence from work. Most timesheets will include the employee’s name, time frame worked, start and end time of each workday, and time spent taking breaks.
Timesheets are meant to track hours related to work activity. Some timesheets require employees to indicate the specific tasks they worked on during each shift, which can be helpful for project management and determining which employees are most productive in certain areas. This can assist companies in confidently billing their client knowing they have an exact depiction of time worked.
Timesheets can be completed manually, digitally, or with timesheet software. In the past, the majority of timesheets were tracked on paper, having employees complete them by hand each week. While this is still common in some small businesses, there are many software options now that allow employees to track time electronically and automatically. This streamlines the HR and payroll process and is less prone to human error.
Tracking time correctly is critical for compliance with state and federal laws regarding payroll. An employee must be paid for the time they spend working. It is up to the business to ensure that the time entered on a timesheet is precise and that overtime is paid if required for that position.
In conclusion, a timesheet is necessary for any business that wants to effectively manage its workforce and improve operations. It is necessary for attendance and productivity tracking, payroll, and client billing.
