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In 1982, International Time Recorders was acquired by Blick Industries of Swindon, England, who were themselves later absorbed by Stanley Security Systems. The first punched-card system to be linked to a Z80 microprocessor was developed by Kronos Incorporated in the late 1970s and introduced as a product in 1979. [15]
TCP provides workforce management software and hardware designed to help administrators track employees, manage labor costs, and reduce compliance risk. TCP software includes Time & Attendance, Leave Management, Document Management, Advanced and Dynamic Scheduling, and more. All of which integrate with major payroll and ERP/HCM systems.
Traditionally manual systems were used that rely on paper cards which have times stamped onto them using a time stamping machine.Such machines were used for over a century but have since been phased out and replaced with cheaper automated systems which eliminate the need for payroll staff to manually input employee hours.
Such software will usually track vacation time, sick time, compensation time, and alert when there are conflicts. [1] As scheduling data is accumulated over time, it may be extracted for payroll or to analyze past activity. Although employee scheduling software may or may not make optimization decisions, it does manage and coordinate the tasks.
Features offered by time-tracking software include: Automatic generation of invoices to the professional's clients or customers based on the time spent. Tracking of cost overruns for fixed cost projects. Workforce management packages to track attendance, employee absences, human resources issues, payroll, talent management, and labor analytics.
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