What is Time Tracking?

 Time tracking is an asset for businesses that helps to boost productivity and ensure profitability.


Common Business Problems

At least some business issues can be resolved with employee time tracking. Let's examine a few of them to comprehend what time tracking is and the challenges businesses face.

Lack of Profits

Profitability is a typical issue faced by the majority of small enterprises. There are numerous reasons why a firm may not be profitable, but one of the simplest is that its expenses are significantly more than its income.

Time Theft

When an employee gets paid for unworked hours, this is known as time theft. There are numerous methods by which employees can deceive their employers and conduct time theft. Adding uncompleted hours to one's timesheet is one of the most well-known strategies for accomplishing this. When employing punch cards or paper timesheets, it is simple for employees to submit fake reports.

Benefits of Modern Employee Time Tracking

Employers are able to monitor employee performance if they have access to precise, reliable timesheets. Monitoring performance can provide valuable information regarding employees' strengths and weaknesses, levels of productivity, work routines, and more. In addition, firms utilize project management software to distribute jobs, monitor project profitability and scope creep, and provide more accurate project estimates.

Is Automatic Time Tracking Solutions Right for Me?

Everyone can benefit from time-tracking accuracy. Because there is always a method to boost our efficiency or production. Each day contains only 24 hours, so why not make the most of them?

Employers and productivity aficionados alike want accurate time-monitoring tools such as Clockly. Utilizing these solutions, productivity enthusiasts can make the most of their day. Freelancers can use it to accurately bill clients and justify hourly fee increases. Employers can use it to determine which jobs and departments use the majority of their project budgets, confidently process payroll, and improve team management, among other things.

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