Have you recently started a business and want to make sure your team is meeting goals right away? Are you looking for ways to monitor your staff’s progress?
If so, then you should consider using employee time tracking. This practice allows you to understand who is doing what, for how long, and at what weekly or monthly rate.
With our knowledge of business management, you will be able to keep track of how well your team is performing and figure out what needs to be done to accel.
Here are the reasons why employee time tracking is important.
1. Improved Accountability
Employee time tracking software allows you to have a better view of who is doing what work and how much. When everyone on your team sees how much they’ve done, they’ll have an idea of how much they contribute.
Showing employees what they’ve done can make them feel like they are accomplishing something for your company. This can provide extra motivation for them to do better.
Employees who see fewer hours on their time tracking can figure out how much they need to do to catch up with the top performers. With everyone aware of their workloads, they can all avoid falling behind.
2. Increased Positive Results
Another way that employee tracking software can boost your business is by giving your team a better idea of your progress. When you know how much you complete in a certain amount of time, you can adjust your schedule for better production.
Look at time tracks at the end of each week to see what staffers get done. This can help your team figure if they need to work overtime to complete longer tasks, as well as get ahead on other assignments if they finish early.
Employees who see less production can use time tracking to figure out how to change their working habits. They may learn to avoid distractions such as Internet browsing and talking to co-workers, as well as work on one task at a time instead of multitasking.
3. A Chance to Save Money
Not only do you get to improve productivity with employee tracking, but you can also improve your bank accounts. With a time tracking system, you will be able to save money on monitoring schedules.
You won’t have to spend money on physical timesheets and punchout clocks for your team. There’s also the money you would have to spend on repairs and updates on this technology.
The software that comes with time tracking ensures that results are produced quickly and on time. Digital timesheets also save time and money for creating work data for freelancers and contractors.
4. Improved Client Billing
Employee time tracking allows you to have a clear idea of how to pay your staff. This comes in handy especially if you pay your team by the hour or mostly hire freelancers and remote workers.
With current digital timesheets, you can see how long your employees work each day by the minute. With more information on work time, you can avoid paying your employees too much or too little.
You can also better manage payments with employee vacation tracking. As long as your team is aware of how many paid and nonpaid days off you provide, you can keep an eye on people who are close to using them up and let them know how this affects their paychecks.
5. Better Scheduling
Have you noticed a pattern of certain employees coming into the office later? If so, then you can use time tracking to get a better idea of who’s early and who’s late.
Use the work data to let employees who arrive late know that they need to manage their time better. This can encourage them to come in on time, and you can come with a schedule for them that allows them to work later so that they don’t fall behind on tasks.
Keeping an eye on who’s coming in later also helps you avoid paying them for the time they are not in the office. If they know how arriving late is affecting their checks, then they will have extra motivation to be on time.
6. Reliable Work Data
Time tracking not only gives you more data about your work but also more details about your progress. With historical data, you can figure out how to achieve short-term and long-term goals.
Each week, you can look at how much attention certain projects get and the rate at which they are completed. You can determine how much time next week needs to go towards assignments you are falling behind on.
This can also help you determine how much money you need to spend on production, marketing, and other aspects of your business. Whether you have to rush assignments and push others back, you can dedicate the right amount of time to each.
7. Boosted Employee Morale
Your team will accomplish more when everyone is on the same page, and time tracking software boosts your chances of achieving goals. A record of who is doing what for how long will give each employee a better way to do their part.
This software can serve as another form of communication within your team. Staffers can determine who is falling behind on assignments and information these individuals what they need to do to improve.
Make sure that your team uses this data to encourage others to do better and offer their assistance or advise on their assignments. This can help build trust between employees so that they can combine their skills for your projects.
Our Take on Employee Time Tracking
Employee time tracking software allows you to manage your business in ways that punchout clocks and physical timesheets can’t. Today’s technology gives you the ability to record more detailed data about how much your team is working.
You’ll have a better idea of who is doing what and how it affects projects of different sizes. Employees can also use work data to improve themselves and help their teammates better manage their time.
With employee time tracking, your business will be able to accomplish goals and see long-term success.
For more of our business management expertise, check out our guides today so that you can create a reliable reputation for your company.