Time tracking is a key point of improving your employees’ productivity
Multiple Internet resources, articles and books are devoted to the matter of personal productivity these days. Lots of guides, applications and tools are offered to individuals who want to take their productivity to the new heights. However, productivity deserves special attention not only on individual level, but also companywide.
Every effective manager and business owner is interested in increasing the output of the staff. When it comes to the methods of managing and improving performance, most of them miss out on such a substantial reserve as time tracking.
What are the advantages of time tracking, how to implement it in your organization and which unexpected benefits can it bring to your company – read below.
Reduce time loss and employee leaves
The standard working day lasts 8 hours, but how much of this time is spent actually on activities that finally bring money to your business? Time tracking system will answer this question for you with accurate figures. You won’t have to guess what your subordinates are busy with – you will see it. Many are tempted to make breaks in working process when not necessary; time tracker enabled, however, will motivate your team to be focused solely of work.
Some compare this approach to an “iron fist” but the case is totally opposite. Why? The workers fill out the form themselves, thus, they track working time on their own. Your task is to review, analyze, and recommend improvements both to each individual and companywide.
Determine if your investments pay off
To improve something, you need to measure it first. Compare your investment – the monthly salary of one person or the entire team – to the monthly productivity stats, and this will give you an outlook at the performance. By analyzing the productivity and developing measures for improving it, you will have the opportunity to improve the ROI in dynamics using only a time tracking system.
Set up company leave policy
Most of the companies have quite brief and unclear leave policies. The time tracking system will enable you to set up standard leave rules obligatory for everyone. This will immediately result in stronger company culture and encourage the subordinates to be more focused in working hours.
Optimize the workload and time allocated for each project
First things first, what is productivity? It’s the effectiveness of work determined by two factors: the input or time spent by employee on completing the task, and output – his meaningful contribution. The time tracking system will enable you to track and analyze the amount of time spent on each activity. This information is priceless, as after all based on it you can summarize when the tasks completed were cost-effective and which processes require optimization, thus leading you to revealing hidden time reserves.
Reward key talents and improve productivity
With the system of time tracking, it’s easy to identify the top performers of your team that bring the company more money. As you see the time spent on projects and the way your employees prioritize tasks, you’ll be able to set an example and standards of completing the tasks for the rest of the team and conduct training, if necessary. Moreover, if combined with a system of bonuses, time tracking can empower the employees be even more productive – as they will clearly see reserves for growth and measurable results of putting more effort into their daily tasks.
If you are seeking for a multifunctional tool to increase the productivity, Time and Attendance is the right choice. The software developed to track employee leaves and record the time allocated for tasks and projects will provide you with the above and lots of extra features. In particular, with the absence calendar that creates absence records and the ability for managers to approve leaves remotely. This information influences the compensation and is easy to use companywide to take your productivity to the next level.