Are You Paying Your Employees Their Worth?
If you don’t have an inventory management system in place, the smallest oversights can quickly accumulate and start costing your business money. And one of the costliest mistakes you can make is to miscalculate your employees’ work hours. Sloppy records can lead to hefty losses that can even put your business out of service if not properly addressed. If you’re not sure if you’re paying your employees too much (or too little), check out the following questions you should be asking yourself to find out.
Are You Automated?
If you’re still using punch sheets and manual entry to schedule and track your employee’s hours and payments, you’re at risk of over or underpaying. Manual entry is time consuming, exhausting, and is prone to human error. Using spreadsheets to plan and track employee shifts is ineffective. You need a system that can automate the entire process for you.
Do You Use Paper Sheets or Buddy Punching?
Many companies still use paper time cards and buddy punching methods to track time and attendance. Unfortunately, not everyone is as honest as you hope. And an extra fifteen minutes here and there can really add up. Using outdated processes like these can lead to large amounts of money lost each year. Switching over to an automated system ensures that you can accurately track employee’s time and improve your company’s overall efficiency.
Are Your Staff Standing Around?
Time is money. If your employees are standing around with nothing to do, odds are you are over-staffing and wasting money. You need a tool that can help predict your restaurant’s peak and off-peak hours to help you plan your shifts for optimal performance.
Are Your Records Ready for an Audit?
Provincial and federal labour laws require that you properly pay your employees and keep accurate records. This can become an issue if you are using a manual attendance system and ever get audited. If they find any discrepancies, you could end up with fines or even lawsuits that can lead to massive amounts of dollars owed in back wages.
Do You Have a Central Database?
If your restaurant operation has more than one location, it’s a lot easier to have a system that is standardized and central for all your operations. If you have separate systems, not only will it be stressful collecting and calculating all the data between locations, but you will also be relying on other managers to be accurately tracking employee time. One system can reduce the risk of paying your employees too much (or too little).
Technology continues to change how we track employee shifts and prevent time theft. By investing in a tool to improve employee productivity, you can save potentially thousands of dollars each year and also avoid any unnecessary fines or legal battles.
At Optimum Control, we offer a solution to help better track your employees time and also schedule them to avoid having too many or too little staff on the floor. To find out more, contact us today!