What is Payroll Tracking?

Timesheet, a system that regularly records and monitors employees' working hours in businesses, is a vital tool for business management. By recording employees' weekly, monthly, or daily working hours, it enables employers to calculate wages and manage workforce planning. It can be implemented in various ways, from traditional handwritten logs to digitized software. This system increases the efficiency of the business while ensuring accuracy and reliability in wage calculations for employees. In summary, the timesheet is an important tool for businesses, contributing to business management by providing regular tracking of working hours.

How Is the Timesheet Calculated?

The timesheet system used to regularly track employees’ working hours and wages in businesses is calculated by following certain steps.

First, employees’ daily check-in and check-out times are recorded. This information is typically entered into a timesheet table or digital timesheet system. Then, the total weekly working hours of each employee are calculated. This calculation is done by summing the working hours recorded weekly.

If employees work beyond the predetermined weekly working hours, these overtime hours are calculated separately. Employees may be paid additional wages for their overtime hours. Holidays, leave days, and other excused absences are also taken into account in the timesheet calculation. The days on which the employee is on leave are either subtracted from working hours or marked as leave days.

Finally, employees’ weekly or monthly wages are calculated. This calculation is based on working hours and predetermined wage rates. Overtime hours and leave days may affect the wage calculation.

Timesheet calculation allows businesses to monitor working hours and accurately calculate employee wages. This system helps businesses comply with legal regulations and increase employee satisfaction.

Importance of Timesheet Calculation

In today’s business world, the productivity and success of companies depend on proper time management and effective use of resources. At this point, timesheet calculation becomes highly important.

Timesheet calculation is a system used to record employees' working hours, leaves, and overtime.

Cost Control: An accurate timesheet system helps businesses control costs and make budget plans.

Performance Evaluation: Timesheet data can be used to objectively and accurately evaluate employee performance.

Workforce Management: Timesheet calculation helps businesses in planning and managing their workforce.

Legal Compliance: Accurate timesheet calculation ensures that businesses comply with legal requirements and avoid potential legal issues.

Timesheet calculation is a critical tool for businesses to increase operational efficiency and utilize resources effectively. With the right timesheet system, businesses gain significant advantages in cost control, performance evaluation, workforce management, and legal compliance. Therefore, it is important for businesses to invest appropriately in timesheet calculation and use this data effectively.

NetKurum Timesheet System

NetKurum records employees’ check-in and check-out times using PDKS devices or a mobile application and processes this data into a timesheet table. The employee’s working time is calculated daily, weekly, and monthly. At the end of the month, any missing or excess hours compared to the scheduled shift time are displayed in detail in the timesheet. With NetKurum, timesheet calculations are no longer a workload.