What is a Weekly Timesheet for Employees?
A timesheet is usually used to track all the employees’ working hours within a period. It can be a weekly timesheet, bi-weekly timesheet, monthly timesheet, and many more. On the timesheet itself, employees will be able to log their clock in and clock out time. When they just arrive at the office, they should clock in their hours and before they go home at the end of the day. This way, at the end of the week, the finance department will be able to calculate how much salary they need to pay each employee. Other than that, the timesheet will also be able to track if an employee did overtime hours while they are working.
There are 2 types of the timesheet that a company can use these days. A virtual timesheet is a timesheet that was created in Microsoft Excel by using a template or a program and a physical timesheet that employees will have to fill out when they get to the office first thing in the morning. With many people working from home these days, many companies opted for a virtual timesheet where it could be accessed by employees even when they are working from home. A weekly timesheet can also have different notes in it, such as when employees are assigned tasks that might cause them to do some overtime hours.
In a weekly timesheet that is created in Microsoft Excel, you can also include multiple employees if you want. This way, you don’t have to keep creating different timesheets that might confuse everyone. Once you have created the timesheet using a template, you can save it in the shared network of the company, and it can be accessed by all employees to log their working hours. These timesheets are crucial for all employees to fill out because they will determine their salary at the end of the week. It will also make it easier for the finance department to calculate their overtime pay as well.
Samples of Weekly Timesheet
Benefits of Using a Weekly Timesheet for Employees and the Company
Since the process of calculating the employee’s wages need to be done carefully, a weekly timesheet can have a lot of benefit for the finance department in calculating the salary and for employees to keep track of their working hours. What are other benefits of the weekly timesheet created in Microsoft Excel? The time management process can be done better. Through this kind of document, the working hours for each employee will be logged properly and precisely. The timesheet will also be able to reflect on the working performance of each employee by looking at the hours that they spend in the office.
For construction businesses, with different projects that each employee must do, a weekly timesheet can be very useful. Not all employees might be permanent staff since construction projects might have freelancers working for the company as well. They can also fill out their working hours for the finance department to calculate their payroll at the end of the week.
Weekly Timesheet Template with Formulas – Excel