Running a business is about more than just having a great product or service. There are many departments to oversee, reports to make, records to store, and data to assimilate.
On top of everything, labor laws often change and can be overwhelming to stay on top of. This makes staying compliant a challenge for many companies. Because of this, a lot of companies adopt rounding timesheets, to make payroll and time-tracking simpler. The National Labor Relations Act was passed in 1935 and then, in 1938, the Fair Labor Standards Act (FLSA), ensuring that employees receive proper compensation for hours worked.
Today’s companies need to be flexible and evolve with technology to stay competitive.
One important aspect of embracing technology is the accurate time-tracking of employees. This puts an end to timesheet rounding: a practice that costs companies trillions of dollars each year.