What is the difference between worked time and actual time?
Additionally what is Actual Time Diff Wage?
Thanks
KJ Plunkert
Worked Time and Actual Time
TimeTrex stores two timestamps with each punch, one which is rounded and used as "worked time" and for payroll purposes, (this is the one you see on the timesheet) the other "actual time" which is not rounded and reflects the exact second that employees punched in or out.
The main purpose for this is to gather metrics on how rounding policies affect the companies bottom line. The Actual Time Diff Wage column basically calculates the dollar amount (based on employee wages) that the company is gaining or losing due to rounding policies.
The main purpose for this is to gather metrics on how rounding policies affect the companies bottom line. The Actual Time Diff Wage column basically calculates the dollar amount (based on employee wages) that the company is gaining or losing due to rounding policies.