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  4. Time Clock in Workplace

The Pros and Cons of a Time Clock in the Workplace

The Pros and Cons of a Time Clock in the Workplace

Timekeeping is a traditional workforce management solution used to ensure workers are properly compensated for hours worked. A mutually beneficial practice, it protects both employees and employers from abuse at many angles. However, times have certainly changed since its inception in the late eighteen hundreds. The digital age has provided millennials with a "work smarter, not harder" mentality. A modern-day revolt to the traditional forty-hour workweek, the working class of the twenty-first century has developed a genuine dislike behind the idea of "punching the clock".

Throughout this article, we will explain the advantages and disadvantages associated with implementing a time clock system in the workplace.

Time Clock Disadvantages
Depending on your company policy, an excessive number of "tardies" can result in termination of employment. However, according to Diana DeLonzor, author of "Never Be Late Again", many late people are "subconsciously drawn to the adrenaline rush of the sprint to the finish line" and that many offenders "get an ego boost from getting as much done in as little time as possible." In applying this theory, one could argue the tardy mentality to be beneficial in the workplace.

Furthermore, LinkedIn founder, Ilya Pozin, has a completely different take on the traditional forty-hour workweek. He claims, "it's from an era when the number of hours on the clock was a simplified measurement of productivity. Setting specific time parameters for your employees ties their success to when they come and leave the office-not what goals have been met."

Applying Pozin's ideology, let's say you run a sales agency. Your company policy indicates that all employees must begin working at their scheduled start time, and they are not permitted leave until their eight-hour shift has been completed. Your top producer, Bryan, brings in a third of the monthly revenue on a consistent basis, making him the top producer each month. However, Bryan is chronically late. Though usually only by five minutes, his failure to clock in at his scheduled start time has placed him on a final warning and, according to company policy, if he is late one more time, he'll be fired.

Does Bryan's frequent tardiness outweigh his dedication and drive to being the top producer each month? Or would adopting a different goal-setting measurement system prove to be more beneficial?

Benefits for Employers
The use of a time clock in the work place provides employers with peace of mind in knowing they are not falling victim to time theft. Time theft occurs when an employee accepts pay from their employer for work that has not actually been done, or for hours that have not been worked. It is most commonly committed in the form of over-extended breaks and misinforming an employer about actual hours worked. In addition, timekeeping systems help employers remain legally protected as they assist in maintaining compliance with the Fair Labor and Standards Act (FLSA).

Time Clock Benefits for Employees
Employees who punch a time clock have a clear expectation of when their workday beings and ends. This protects employees from being taken advantage of and working extra hours without proper pay. Time clocks also provide employees with a printed tracking of all hours worked. In the event there are any discrepancies reflected in the hours worked on a pay-stub, employees can always refer back to their time clock log to ensure they receive proper compensation.

Deciding on the use of a time clock for your employees should be heavily evaluated. Though oftentimes used as a safeguard against labor law violations and time theft, the use and implementation of a time clock system plays a major part in how a company-and its employees-operates.

Resources:
If You Make Your Employees Punch The Clock They'll Want to Punch You Instead
Wages and the Fair Labor Standards Act (FLSA) 
For The Chronically Late, It's Not A Powertrip

>

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Disclaimer: This information is made available by MyLLC.com, Inc. (the "Company"), and is intended for educational purposes only, and it is not legal or tax advice. No action should be taken in reliance on any information in or on this site without verification with legal or tax counsel, after review of the facts and current law, that the action to be taken is appropriate under the circumstance. Except as expressly provided to the contrary in writing by the Company, the materials contained on this site are provided on an "as-is" basis without warranties of any kind, either express or implied. Company disclaims all other warranties, express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title and non-infringement as to the information, content and materials on and in the site. Company does not represent or warrant that materials on and in the site are accurate, complete, reliable, current or error-free.
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Nevada's Tax Laws have changed
Effective July 1st, 2015:
Be aware that if you are currently incorporated in the state of Nevada, or are considering becoming incorporated in Nevada, 2015 changes to the tax laws may directly affect and increase the costs to your business!

What is your first step? Simply choose which of the following two options applies to your business:

ALREADY INCORPORATED in the state of Nevada? 2015/08/15 - Your annual fees increased from $325 to $650, and that’s not including the Commerce Tax if it applies to your business! Further, you will now be required to file your tax return with the NV Department of Taxation with June 30th as the fiscal year, not the calendar year! Review these changes with your tax advisor immediately! If you choose to re-domicile your corporation in another state, MyLLC will file the re-domestication paperwork for you!

TRYING TO DECIDE WHICH STATE is best to incorporate your new business? MyLLC strives to provide you with up-to-date information and exceptional customer service. Contact your tax advisor to review your options and then talk to MyLLC's Incorporation Professionals to assist you in filing your articles of incorporation as well as provide you with Registered Agent services!

MyLLC is committed to assisting you in this process but you must contact us today!

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