What is Timekeeping?—Part One

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Companies in the US in 2019 from fields far and wide use some form of timekeeping throughout the workplace and also during completion of tasks in the workplace. Timekeeping is set up in several different ways and it provides data for several different reasons and technical aspects for most companies. The reasons and aspects of timekeeping are impacted by how it helps a company directly based on the line of work the company does or what it sells, how the company works together day to day and what goals the business is striving to achieve. It will be explained here how, when and why different company’s use timekeeping

Timekeeping Defined

Tracking time spent on work is the simplest method to determine the cost of work going back to the earliest days in human history. Over our history, several methods of timekeeping have developed through ancient historical times through today in 2019. Many of the basic manual timekeeping methods are still being employed today to keep track of time. However, there are timekeeping software programs offered by companies, like the one offered by The Payroll Company, that give employers the ability to do their timekeeping online. Online timekeeping is really efficient and super accurate.

Determining work costs is not the only reason for timekeeping. Timekeeping is employed to review work outcomes analytically, improve work results daily on an ongoing basis and to garner important information needed for proper business decisions. Records of timekeeping give department heads, supervisors, manager and business owners the information need to determine critical tendencies and assist staff members so they can view what tasks their time at work is spent doing and to help them produce their work in a cost-effective time saving manner.

Going back to ancient times through today, timekeeping methods began changing and progressing around the time of the Industrial Revolution. This is the critical juncture in the workplace when the connection from employees to employers became ruled by the tenet that money is directly connected to the time spent working. During the 19th century there was giant transition in the workplace to using machines to produce products which had a direct impact on timekeeping. There was a need to track time worked effectively. Around 1888 the time clock was created to track time, work attendance and work punctuality.

Tracking time to monitor time worked and attendance did not provide the critical information needed for the employers going back to the industrial times. Companies employing workers and their customer base required to understand exactly how work time is spent. This is the exact reason why timesheets were developed. In the beginning timesheets were employed by companies providing time for their services such as business consultants and attorneys. In modern times, through 2019 more than ever, work arenas like factory manufacturing, website development and managed IT use timekeeping sheets.

During more recent times technology has improved dramatically including effective time saving tools such as electronic mobile devices, which has made meticulous record keeping of work performed feasible. Software programs have been developed that document workers daily work activity throughout the modern workplace which can generate thorough reports document what and how time is spent working.

In 2019 there are several ways available to use for timekeeping. The timekeeping method chosen by employers is predicated on the information required for the company and the jobs it uses to produce the products or services it provides. Timekeeping today is a critical component of the modern workplace because it provides the needed data for companies and its workers. Let’s take a gander at how timekeeping is advantageous both companies and their employees.

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