Tip pooling and sharing are common for restaurants and other establishments whose patrons tip their servers. In order to help accommodate businesses that utilize tip pooling, there are tip-sharing programs that can make sharing these tips a much easier task.
It is a reality that employees can be prone to making mistakes when they are calculating their tip share for the day. This is particularly true when the employees are tired or otherwise mentally compromised at the end of their shift. Tip pooling software will avoid the risk of routine math errors from creating drama or financial strife. By simply inputting the amount of tips that they have earned for their shift, these programs will be able to rapidly and accurately calculate the amount of tip share that the employee owes.
Easily Document The Tip Pooling
Employees are unlikely to want to pay their tip share at the end of a shift. As a result, it is important for management to be able to easily confirm that the employee paid their tip share at the end of the night. To this end, these programs will create a report that is easy for a manager to quickly review. This will ensure that there is an official record from employees that have made an effort to pay their tip share obligations. The documentation from these programs can also be useful in the future if there is a legal dispute over the tip-sharing as it will confirm the amounts that were paid.
Having employees be able to quickly finish their end of shift responsibilities is important for making it easy for the employee to clock out on time. Unfortunately, businesses will often fail to consider the amount of time that an employee's end of shift duties will involve, and this can lead to the employee being late clocking out or even accidentally accruing overtime. Tip pooling software is extremely easy to use, and this will help to ensure that your workers are finishing these responsibilities as quickly as possible so that they can clock out before they reach overtime status.
While tip pooling and sharing can be extremely useful for small businesses, it will require some logistical effort to track these payments. Otherwise, the company's tip-sharing policies may be unenforceable. Luckily, tip-sharing and pooling software can make it easy for businesses to oversee and track this part of its daily operations.