On the Evolution of Work Systems in the Digital Economy
Tag Archives: payroll
Back in the day when handling payroll was pretty much a pen-and-paper process, employers would use rounding to account for odd minutes and seconds outside the regular work schedule. Time clock rounding helped streamline calculating wages and save chunks of time in the process.
But does it still make sense today?
What Is Time Clock Rounding?
Under the Fair Labor Standards Act (FLSA), all employers are required to track and store employee time records completely and accurately. This can be done either by asking employees to write their hours down, using regular time clocks or through time-tracking software.
“So, what does time clock rounding mean?”