ECONOMICS

Detailed explanation-1: -The time of arrival and departure may be noted down by an employee known as time-keeper. If the workers are literate, they may make a record of time themselves in the presence of a time-keeper or foreman. This method is simple and inexpensive and can be used in small firms where the number of workers is not large.

Detailed explanation-2: -Timekeeping is the process of tracking and reporting work and leave time. Everyone is responsible for accurate timekeeping: Employees report leave and approve their time on their timecards. Supervisors review and approve their employees’ timecards. Timekeepers sign off on their units’ timecards.

Detailed explanation-3: -Types of time tracking methods The paper method, The honor system, The spreadsheet method, and. The time tracking software method.

Detailed explanation-4: -Attendance Register is a method of Time Booking. Salary slip shows time spent by a worker on every job.

Detailed explanation-5: -Read this article to learn about the following methods commonly used for recording the attendance of workers: (1) Registers, (2) Metal Disc Method, (3) Time Recording Clocks, (4) Dial Time Records, and (5) Use of Computers.