Why Having A Good LEM Tracking System Matters
In the industrial construction industry there is often difficulty in sending and receiving information from remote locations because they may not be equipped to communicate remotely. The accessibility of technology from company to company and job to job may be different, making it difficult to track LEMs (labor, equipment, and materials) consistently or accurately. Plus, often each client has different requirements when it comes to labor costing, making it impossible to have a generic approach when it comes to tracking LEMs.
What are some of the characteristics of a good LEM tracking system?
A good LEM tracking system provides flexibility and quick access to LEM data while helping to identify and resolve any problems. Problems can soon turn into opportunities if construction companies are able to view the data before it is processed for payroll and not afterwards. The more detail the better when it comes to tracking the hours worked as it greatly influences things like workers’ compensation premiums. Plus, accurate and detailed recording of labor, equipment, and material hours can help a contractor better estimate for future projects leading to more profitable projects overall.
Digital Time Capture - Industrial Timesheet Management
DTC enables organizations to track labor, equipment, material, and subcontractor information as it happens on-site, from the “sign-on” step right through to supplying payroll information and generating invoices.
DTC’s LEM export process is especially critical to ensure daily hours are approved as soon as possible. Once the daily hours are entered into DTC, they are exported to the owner so that they can review the LEMs the very day the data is entered.
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