If your work hours are from 9 AM to 5 PM, they could clock in early as they come to work. One, it stops your employees from clocking in early or late. You’ve probably done a good job without it so far, so why introduce a new practice in the workplace? There are a few reasons. However, it’s not as simple as you may think. At the same time, you don’t want to be rounding off to a higher digit and pay more in the process.ĭoing time clock rounding correctly can save your business plenty of money and even help you from paying overtime fees to some employees. You want to make sure that you’re paying your people according to the time they put in. Time clock rounding becomes a necessity if you pay your employees or contractors based on billable hours. In the example above, we would round off 2 hours and 1 minute to 2 hours because it’s an easier way to calculate an hourly wage. Time clock rounding is the practice of rounding off the time worked to the next roundest unit for ease of payment and calculating a wage. Today, we’ll show you what time clock rounding is, how it works and what types of models you can apply in your business. How do you pay someone an hourly wage if they worked for an hour and 37 minutes? Or 2 hours and 1 minute? Enter time clock rounding. However, if you want to play by the book, things can get complex. At the same time, they want to get a fair wage for their hard work. You want to pay the employee, contractor, or freelancer exactly the agreed amount. When it comes to working, it’s in everyone’s best interest to be fair.
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