Over the past years, the search of time and attendance software for productivity improvement has reached enormous rates. Now countless small business owners and many big companies all over the world prefer using time tracking for their offices to enhance the work of their employees.
Time tracking has a positive effect on your budget
Time is money and every hour counts. To ensure the efficiency of your office, time management is vital. Also, the Invoicing and billing of your company have to be up to the level. However often it happens that the working hours of an employee are not tracked or is even faked. Using time and billing software for the work process will ensure that all the work is tracked and there will be no “made up” hours which will equal budget loss for your company . Also, that will surely affect the overall budget.
Therefore to ease the Accounting and properly spend the company’s budget , having all the tracked working hours saved and with 24/7 access to the accounting sheet information, you can easily adjust the company’s budget and make sure each employee will get his payment and the calculations for the expenses are covered. Also, there will be no surprise expenses of overworking hours since you can simply adjust the hourly rates and working hours of all your employees.
Moreover, the Spreadsheets and employee work schedule are somewhat bothersome and difficult to process. Yet, when you do that for your entire office with using the simple timesheet software will save you the time and money usually spent on copying and verifying of employee’s working hours, since all of that information is recorded altogether with the accounting. Saved time equals saved money. Every dime counts when a company is growing and excelling on the market.
Time tracking also improves the strategies for your projects
Another critical point in your project’s estimations is the transformation of the workflow’s information into understandable data. The timekeeping software of SCREENish allows you to efficiently estimate all future and ongoing tasks, since it tracks the hours of each employee’s assignment, forming a Workflow Graph that shows the levels of productivity and worked hours. For a proper project management, that information is decisive.
Forming a good business and project strategy requires an ideal knowledge of the strengths and weaknesses of all your employees. Knowing how much time it takes any of them to complete their assignment will build solid evaluations for the productivity levels, hence, how much time will it take for them to reach the set goal.
Time tracking will boost the productivity of your employees
Reviewing and forming a proper feedback for the Employee’s work requires a regular monitoring and management activity. Having a time tracking software with screenshots and activity levels will give you an insight of the current or past tasks which have been assigned to each employee. This valuable information can help you prevent any damage on the project and will allow you to adjust all your expenses for its completion.
Also, you will allow you to see which of your employees is just not cut for the task. The rearrangement of your team’s assignment and the removal of the less productive links is better to be done sooner than later. This optimizing will have a whole-scale impact on the success of your business and your team’s achievements.
Furthermore without daily reports the risk management is difficult. Also, creating feedback for the work of your employees will give them the opportunity to adjust their attitude and improve their technique when it is needed.
If you want to run a profitable business, the increasing of your team’s productivity is paramount. Clear and understandable assignment with reasonable time window is always appreciated by employees and using skill improvement techniques and time tracking will ingrain a productive attitude in your team.
Effective business management is achievable only when all management practices are top notch. Time management is vital and only when using it your operations will be successful, bringing you the desirable profit and success.