Time Tracking Software Considered A Collectors Items

Some collections are perfectly useless, like the cork collection my friend had in college

. Some just stay in bags like my husbands matchbook collection. Some are so outdated, like thimbles, that anyone under 50 wont even know what they were originally intended for. Others, like antiques, require extra space and special care to preserve them. Shot glasses need to be dusted and Coke products are pass. So its important that when you begin a collection, you take into account all the same things a time tracker and time management tracker will do for you: cost, storage, usefulness, necessity and practicality.

So lets start with cost. Its a big factor. Some would say time management has proven to be the biggest factor in the bottom-line numbers. Its important to track how your staff is allocating its time and how much time is spent on specific jobs. Set up gentle reminders for employees to track their time, and see increases in tracking compliance of up to 99%. That means your company pays for one quarter of an hour rather than 25 minutes rounded up to one half hour. Multiply that times the number of employees you have and the number of times it happens and youll get quite a collection of chump change going.

Employees can also receive a to-do list for the day when they access their online timesheet. Thats the beauty of a time tracking tool. With the use of an iPhone or smartphone or even any mobile phone, your employee can clock in and out in real time. You have the ability to approve this web time sheet immediately or later. And you can start a handy dandy collection of job codes that will direct the correct span of time to the proper client or job.

Storage is another factor to consider. Without a collection of old punch cards and paper timesheets, you will eliminate the need for multiple file cabinets, in baskets, and punch clocks. With time tracking solutions, you have safe and secure storage, backed up daily.

Useful? You bet automated time tracking is useful. As the data begins to accumulate (another worthy collection), you will have the capability of generating reports and the reports will assist you in prognosticating future bids and costs. You can also track costs on your present jobs to maintain your projected budget.

Is time tracking a necessity? Much more so than any assembly of any objects I can think of. Without accuracy and assessment, a company can lose thousands of dollars on just one job, if not dozens of jobs. It could be the difference between remaining a viable company and claiming bankruptcy. Automated time tracking helps reduce costly errors, and it increases productivity. You can generate your own invoices which further improves your efficiency as a company.

Lastly, is time tracking practical? Well, let me ask you this. Are cryptic, hand-written, loose-who-knows-where-theyll end up timesheets? Is it practical to expect employees to keep track of their own PTOs, vacation time, holiday accruals? And what about overtime? Is it practical to expect someone to remember what they did where and for how long two weeks ago? This is an important stockpile of questions. Time tracking software provides a business with the invaluable opportunity to succeed.

by: Kelsie Medel

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