Payroll is a necessary process for any business, but it’s even more essential in the construction industry. It is because it ensures that workers are paid correctly and on time.
For a construction company, payroll software can help automate the process of computing salaries and tax deductions. It also offers other functions that help streamline the process and enhance productivity.
Accurate Time Tracking
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Construction time tracking software helps construction companies improve productivity and work efficiency by giving employees a clear view of how long they spend on a job or project. Additionally, this information can be used to produce more precise projections for upcoming projects.
It can also help you reduce labor costs, as many construction projects require overtime to be completed on schedule. However, it means that your company could only pay a significant amount of overtime with a proper tracking system.
A good construction time tracker should also help you comply with the Fair Labor Standards Act (FLSA) and other government regulations. For example, a good system will give managers real-time information about the hours their crews are working so they can determine if they’re approaching overtime threshold limits.
The right time-tracking software will also ensure employees aren’t committing time theft. It is a growing issue in construction, as it can cost a company thousands of dollars each year in lost productivity and payments.
Some construction time tracking apps are designed with this in mind. For example, they use GPS to identify workers’ locations and can set geofences around your work sites to prevent employees from clocking in before they’re on site. They also collect important compliance information from employees every time they clock out, so you can easily review it for compliance purposes.
Employee Self-Service
A mobile payroll solution with employee self-service features may help your employees feel comfortable and confident at work. It’s also a great way to provide employees an empathetic connection with your company.
For construction companies, it’s critical to have a payroll software system that is purpose-built for the industry. A unified, scalable solution can help you automate and streamline your payroll process from paycheck calculation to wage reporting and compliance management.
Payroll for construction requires a system that can handle complex payroll calculations, union payroll requirements and tax codes, multiple company and project payrolls, labor hours and labor rates matching, and more. Moreover, construction-specific payroll software should be cloud-based and offer real-time processing capabilities for your labor data.
Construction-specific payroll software can help you avoid costly fines and penalties due to manual errors. It can also automatically distribute time cards to jobs or project phases and recalculate pay rates based on those time distributions.
Another feature that’s important to look for in construction payroll software is a payroll provider that can calculate workers’ compensation payments. It will ensure your employees are paid according to local labor standards and tax laws.
Time Off Tracking
Construction companies need to keep track of their employees’ time accurately. The accuracy of this process helps the business stay on top of its finances and avoid any potential cash flow problems.
Payroll for construction is an essential component of the project costing process and keeping track of staff hours. The right time card software ensures that labor costs are accounted for properly, avoiding errors in project costing.
Besides time tracking, many mobile payroll solutions also offer time off tracking. These programs are a great way to track employee vacation and sick leave requests, generate reports, and ensure compliance.
Some time off tracking software also has a self-service portal for employees to submit their requests and receive approval from management. These systems can help businesses reduce unnecessary travel, reduce time spent on manual tasks, and improve efficiency.
Most time tracking apps allow users to send their weekly hours to their accounting system for automatic payroll calculation. It helps save time and reduces the need for manually calculating employee payroll. Moreover, it helps users keep track of their hours more precisely and avoid any time theft.
Employee Attendance Tracking
Employee attendance tracking with mobile payroll software can save your company time and energy. It automates many time-consuming tasks that are often tedious to do manually. In addition, it helps you keep track of when employees are present, absent, late to their shifts, and how many hours they work per day.
Time and attendance software also allows you to calculate payroll quickly and easily. After the data is collected from the app, it will automatically generate a timesheet for hourly paid employees.
Field service businesses like construction companies need accurate time and attendance. They need this information to avoid incorrect timesheets, ensure better accuracy on job-related expenses, and process paychecks efficiently.
For this reason, you should look for a time and attendance solution with all the features you need in one place that integrates with your payroll system. This way, your field team’s work hours are logged against the right clients and projects.
In addition, your time and attendance software should make it easy to comply with overtime and break rules in your state. It should also allow you to track lunch breaks to ensure your workers get their scheduled break time.
When choosing an employee attendance tracker for your construction business, it is best to consider a solution with experience serving the industry. Moreover, it should have customer testimonials that speak to the reliability of its product.