💷 All the rates & thresholds you need to know for 25/26...right here
💡Stay in the loop on smarter ways to handle people and payroll 💡| Learn more
💷 All the rates & thresholds you need to know for 25/26...right here
💡Stay in the loop on smarter ways to handle people and payroll 💡| Learn more
As part of our ongoing mission to create the complete payroll & HR tool for businesses and employees alike, we’re thrilled to announce the release of a super useful new feature.
Introducing…time and project tracking from PayFit.
A powerful tool in any HR arsenal - time and project tracking allows employers to see what’s been worked on and when, and allocate the correct number of hours to projects or clients. Employees can even allocate expense requests to specific projects they are working on, furthering PayFit’s already substantial People reporting capabilities.Â
So let’s take a closer look at this vital new addition to the PayFit platform, and how it can benefit both managers and employees alike.
As the name suggests, this new feature release allows time and projects to be tracked within PayFit. So, this means that employees can either use a realtime digital clock to log their worked hours, or add them manually after the fact in their employee space. These are then able to be assigned to project codes, which the admin user can set up and customise based on their needs.Â
Managers and admin users can comment, validate or edit the worked hours, and analysis can be carried out on projects later on, with reports able to be exported.
It should be noted that PayFit’s time tracking module is not linked to our payroll functionality…yet. So watch this space!
Much like our game changing payroll software, this new feature reduces the number of steps needed to be taken by both employees and businesses when managing their People processes. It eradicates the need for fiddly spreadsheets that can get lost, deleted or amended by mistake, by somebody without the appropriate privileges, and brings your time and project tracking into a secure, centralised space.Â
Employees can only access and edit their own time or projects, in the same place that they request leave, access their payslips, and submit expenses. This means that all of their essential HR admin can be done within one single tool.Â
The same can be said for the employer, with all People data (now including the time spent on particular projects, tasks or by a particular worker) accessible from the same place.
PayFit’s time and project tracking feature will benefit companies working on specific projects that have an expected time or cost allocated to them, such as consultants, engineering firms, retail and hospitality companies. It will also be of use to organisations that hire casual hours workers, part-time staff, or contractors, to monitor the time spent by different individuals at work, and to accurately determine the correct amounts of pay owed.
The feature is now live in the platform, so will be able to be used by existing customers (those on Standard or Premium plans) right away.
If time and project tracking sounds like it would be of benefit to your business, and your payroll & HR processes could do with a tidy up too, then reach out to us on the button below for a run-through of PayFit.
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