![]() ![]() Doing so can help your donors feel good about their contributions. When it comes down to it, your nonprofit organization is continually squeezing efficiency out of every penny. With the help of time tracking software, you can reduce your labor and payroll costs, allowing you to reallocate those resources for something more important such as your mission. Maximizing a budget is a crucial part of any nonprofit. Maintaining records is not merely a suggestion it can be the difference between your organization continuing to run or being put out of business. If you are selected for an investigation, you must have documentation to show that your employees have been properly paid. Once a claim has been submitted, an investigation is likely to be launched. ![]() If an employee suspects that they have been shorted hours on their paycheck, they have a right to file a complaint with the Department of Labor. These lawsuits can result in costly payouts if the plaintiff wins. ![]() Exempt employees are typically paid salary and do not receive overtime payments.įLSA wages and hours lawsuits are on the rise. Non-exempt employees are those who are usually paid hourly and can receive overtime pay. Keep in mind that this law only applies to non exempt employee time tracking. The US Department of Labor requires you to retain time cards for employees for at least three years. It is the law for all organizations, including nonprofits, to accurately document hours that their employees or volunteers have worked. Maintain Records with Time Clock Software It can also help you remain compliant and as efficient as possible. Scheduling can help you manage your projects more efficiently. Shift assignments, such as location, department, or position, can help you prevent over or under scheduling. Alerts and notifications can be set up to measure over time, and scheduling can help you avoid going over your budget. Automated time tracking and scheduling can take a complicated and time-consuming process and turn it into a seamless and efficient one.Īutomated time tracking measures how much time an employee or volunteer has spent working. ![]() Tracking employee and volunteer hours can be a lot of work. Tracking time is often one aspect of your tax-exempt status. Compliance TrackingĪn automated time tracker can significantly benefit your nonprofit and help it remain compliant with industry regulation. Failure to do so could result in fines and an audit. They must accurately track employee’s information and pay them accordingly. Nonprofits are not exempt from laws that fall under the Fair Labor Standards Act. It is often said that time tracking and scheduling is more critical for nonprofits than commercial organizations. In most situations, tracking hours is a vital function of payroll, as well as compliance. Nonprofits have both employees and volunteers whose time needs to be scheduled and tracked. For more information on 501(c)(3) organizations, click here. Proceeds from sales serve the mission of the organization and are not considered profit. This code allows organizations to operate as a tax-exempt entity. Nonprofits are typically organized under IRS code section 501(c)(3). Some examples of large nonprofit organizations include the American Red Cross and the Make-A-Wish foundation. Nonprofits can include religious organizations, charitable efforts, and even credit unions. They are tax-exempt and operate similarly to a business. A nonprofit organization is a group focussed on making a difference in their community. They also need to be able to schedule volunteers and employees in the most efficient way possible.Īutomated time tracking and scheduling are crucial for today’s healthy nonprofits and time clock software can help – here’s how! What is a Nonprofit Organization?īefore we dive into the reasons you need a time clock software, let’s review the roles and functions of a nonprofit. However, nonprofit organizations need to track time too. Employee time tracking and scheduling is often thought of as profit-driven necessities. ![]()
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