Businesses exist to provide a product or service to their customers. And most businesses rely on employees to produce, manage, and deliver it. Which means that time and attendance is critical to an organization's functionality.
In addition, labor is also the single largest expense category for most small businesses. While it can vary drastically depending on the type of business, labor typically accounts for about 30 to 50 percent of the total cost of operations. Consequently, maintaining effective control of your payroll costs is a significant determining factor for a company's success.