What is employee time tracking software? How can it help your business? These apps allow you to track employee work hours, making it easier to create invoices or fund payroll. There’s much more to this app than that. Many organizations use the best time tracker app to assess team performance and job productivity. This allows them to manage individual projects and tasks better. The staff can also identify and fix any issues to make the most of every moment. Here are eight perks these tools can offer your telecommuting staff.
Time Tracker Software: 8 Benefits
1. Increase Employee Efficiency
The ability for staff to look at every aspect of their workday, from the time they spend researching to the 20-minute break that became a conference call or that hour spent collecting research. They can identify which tasks took longer than expected and revaluate the work-life balance. They should have taken a break to allow them to recharge their minds so they could tackle the next task. Instead, they are exhausted and unable to perform at their best. Time tracking software allow staffers to take a deeper look at their work and identify areas that need improvement.
2. Assess the team’s workflow
Time tracking software is often thought to only track work’s start and end times. One of the benefits is monitoring all meetings, client feedback sessions, and project tasks. It allows you to look at the team’s workflow and identify any gaps. It is possible that the task was supposed to be completed in one hour but took three employees. What was the reason for this delay? Is there anything that is slowing them down? Can you give them additional resources to speed up the process?
3. Bill clients with ease
A time tracking system for employees allows you to track billable hours, making it easier to invoice clients. Team A, for example, worked 22 hours on the client’s project this week. On the other hand, Team B spent 5 hours researching and revising. Data is available that displays all tasks and who completed each step. Sometimes tracking apps have integrated invoicing, so you don’t need to manually enter payable hours or migrate the data to another tool.
4. View Task Analytics
Many time tracking software includes metrics that convert task timelines into visual data. What was the time taken to complete the task? The redesign of your website’s homepage took half an hour, and the second hour was spent with a client meeting via video conference. These analytics will allow you to optimize your in-house resources. Perhaps another team member can take care of meetings so that this staffer has more time to work on the website. This is especially important if you are racing against the clock and your grand online opening is rapidly approaching.
5. Increase staff accountability
Monitoring employee work hours is one of the most sought-after time tracking software benefits. It allows you to see when employees clock in and leave virtually. You can also see what they do while on the payroll. They may choose to eat a one-hour lunch instead of the agreed-upon half-hour. The software gives them control over their work hours and holds them responsible for their actions.
6. Streamline the Payroll Process
Traditional payroll requires a lot of manual data entry. All employee time cards must be collected for each department. Calculate how much they earned each week using their pay rate. This doesn’t even include withholding. Time tracking apps handle the payroll process. The system will add employee information, such as their hourly wages, and take care of everything. You can manually adjust their weekly earnings by entering data.
7. Get Financial Oversight
Time tracking apps provide a clear overview of your time and how much money you bring in via client invoices. It also gives you a better understanding of individual contributions and their impact on your bottom line. This employee may be paid X per month but earns three times as much in sales. These tasks can also be completed, which increases customer satisfaction scores.
8. Keep top performers
Employees have an easy view of their work history and the accomplishments they have made. This makes them more motivated to improve their workplace performance and bring their best. They appreciate that time tracking software allows them to credit their financial achievements. They don’t worry about not getting paid for overtime or any other human error that could negatively impact their pay check. They have access to visual reports and calendars to refer back to and verify their work hours. This helps you retain the best performers and decreases training costs for new employees.
The software that tracks employee time holds employees responsible, but they still have control over their workday. They can assess how long it takes to complete tasks and track projects to increase efficiency. Your organization also gathers data to bill clients and ensures that payroll runs smoothly. How can you choose the right time tracking app to fit your budget? Our online directory features top service providers in every industry. It also includes a detailed feature list covering all the key selling points.