Time is money in the business world. In many companies the employee's performance is measured against time. In the past decades, all the information about the employee was entered manually on paper and their performance calculated against the number of hours and the work they have done. Today we have the timesheet calculator that is supposed to do all this in an automated manner.

 These devices are not only used in the large companies but also come in very handy for contractual workers and freelancers. Household workers like maids, housekeepers and nannies can also be appraised using this device. Initially when this concept was introduced to the market, employees were given some cards where they could enter the required information manually. This had a weakness where some employees could lie on the data they are expected to input and also became hectic if the number of the employees was large. With the growth in technology and introduction of the computer, the timesheet calculator was birthed and its use spread like wild fire.

 These systems proved to be very efficient in eliminating the fraud, it made the process quicker and its calculations were more accurate as compared to the previous systems. They also came in handy when it came to an organization with many employees at a time. These calculators have been designed to solve other organizational processes like payroll calculation which reduces the manual work and expenses involved. They can also be used to monitor and track other employee's data like leave schedules and attendance.

This can come in handy at the time of employee appraisal for the purpose of promotion and wage increment. These calculators in the long run helped to reduce the arguments and skirmishes that used to develop between the employees and their employers. This saved time and energy could in turn be focused in a more productive manner like advancing the interest of the organization. This new technology is a plus for the managers who no longer have to calculate any overtime worked by an employee.

It also saves them costs for employing employees to do all this manual work. It is also to their advantage if their calculations are accurate to the decimal point. Today this system is web based and can be used to monitor the employees and the work done virtually and more effectively. It is in the interest for every business to utilize all the available resources in the most efficient manner possible and this technology is one of the best ways to achieve this goal.

Source : articlesbase.com

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