Each week on payroll day do you convert employee Bob’s 28 hours and 12 minutes worked to a decimal value so that you know how much to pay him? And then do the same for 15 other employees? Your head probably hurts just thinking about it. Would you like to simplify payroll?
In our new series, Problem Solving, we are addressing common issues that companies face when managing remote, hourly workers. We will continue our series today with this nagging issue of manually calculating payroll.
A while back we posted a blog called Timekeeping 101: Minutes and Decimal Hours in which we provided a chart that converted minutes to decimals – because who wants to do that manually? We had no idea how popular that post would become. Is it because your business uses handwritten time cards to track time for hourly workers, and payroll companies require the time to be in decimal format? Or maybe you do your own payroll and need to make the correct calculation. It’s easy to multiply 28.20 x $9.25, but 28 hours and 12 minutes x $9.25, not so much. This is no way to spend your life. You can simplify payroll.
If you are one of these companies, then maybe it’s about time to ‘convert’ to an online time clock system that will do this work for you. Our reports show time in both hours:minutes and decimal format – great for your employees, and perfect for your payroll calculations. As an added bonus, literally, your company can save 2-6% on payroll by capturing accurate time of your employees’ work shifts. Your employees use a simple mobile time clock app and you’re on your way to a headache-free payroll day.