Is your business losing $7 trillion worth of productivity each year?
Disengaged employees are a real problem, but how can you address it if you don’t even know where your team’s time is going?
According to Gallup, actively disengaged employees could result in trillions of losses to the company.
That’s where time tracking comes in.
By automatically capturing the time spent on various tasks, time-tracking software offers real-time insights into project progress, identifies potential delays, and helps managers understand how their teams work.
Time-Tracking Software: Why Do You Need It?
Time tracking software goes beyond just monitoring hours. It’s a comprehensive tool that boosts efficiency by giving managers real-time insights into project progress and resource allocation.
Tracking time can help businesses identify bottlenecks, ensure legal compliance, optimize staffing, and foster team transparency and trust through clear data visualizations. It also keeps everyone informed so that they can work towards shared goals.
According to statistics, 31% of businesses reported an increase in ROI within six months of implementing automated time-tracking systems. Besides, time theft is a pervasive problem in many organizations. US employers lose over $400 billion annually because of it.
Thus, time-tracking software becomes a pressing priority for every business. When choosing software, consider features that improve scalability and help your business grow.
Time-Tracking Software: 5 Must-Have Features
Feeling like your team is working tirelessly but productivity remains elusive?
Time-tracking software can be your secret weapon for maximizing efficiency and boosting your bottom line. Here are the 5 must-have features to look for:
Accurate Timesheets
Comprehensive timesheets facilitate accurate recording of employees’ work hours. These sheets should offer a user-friendly interface and transparent overview of daily, weekly, or monthly activities. The Flowace is one of the affordable Time Doctor alternatives related to Automated timesheets.
Key Features
- Users should be able to input and modify time entries to ensure accuracy effortlessly.
- Timesheets should categorize entries based on relevant parameters, such as projects, tasks, and clients, for easy reference.
- Incorporating approval workflows streamlines managerial oversight, ensuring that recorded hours are accurate and aligned with organizational objectives.
Analytics and Reports
Analytic reports offer invaluable insights into employee performance, project progress, and resource utilization. Look for features that facilitate comprehensive analysis and informed decision-making.
Key Features
- Get visual representations of data in charts or graphs to effectively interpret data trends and patterns.
- Customization options enable organizations to tailor reports to their requirements, ensuring relevance and actionable insights.
- Comparative analysis features allow for benchmarking performance across various metrics, facilitating continuous improvement.
- Tracking idle time helps identify periods of inactivity, enabling proactive measures to minimize distractions and optimize productivity.
Project Management
Project management is a key feature in measuring seamless workflow management. Look for features that facilitate task allocation, progress tracking, and collaboration.
Key Features
- Integration with project management tools allows for seamless linking of time entries to specific projects or tasks, ensuring accurate tracking and reporting.
- Tracking project milestones enables teams to monitor progress and identify potential bottlenecks, ensuring timely delivery.
- Identifying task dependencies helps prioritize activities and manage resources efficiently, enhancing project outcomes.
- Integration with collaboration tools fosters seamless communication and enhances teamwork, facilitating project success.
Integrations
Choose time-tracking software that integrates seamlessly with other essential tools. Mainly communication platforms, or project management software like Asana, Jira, Azure DevOps, Salesforce, etc.
Mobile App
A mobile app lets employees track time conveniently, even on the go. Look for features that ensure functionality and accessibility.
Key Features
- Timers simplify time tracking by allowing users to start and stop recording activities effortlessly.
- Offline functionality ensures uninterrupted time tracking, even in areas with limited connectivity.
- Real-time notifications inform users about important updates, ensuring timely action and accountability.
Activity Tracking
Time-tracking software offers much more than just logging hours. A key feature to consider is activity tracking, which delves deeper into your team’s productivity.
Key Features
- See exactly how time is spent with automatic app and website recognition.
- Capture key moments within projects for better communication and clarity.
- Track calls with details like caller ID, duration, and purpose for improved client management.
- Gain insights into field team activities and optimize scheduling (consider privacy concerns).
- Schedule, track, and document meetings easily, all within the same platform.
Every problem has a solution.
The features we’ve discussed are no longer a pipe dream.
Modern time-tracking software like Flowace offers a comprehensive suite of tools designed to empower your business. Flowace goes beyond basic time tracking, providing data-driven insights to improve workforce productivity. Moreover, it
- Help identify areas for improvement, allow time to be spent and optimize workflows for maximum efficiency.
- Boost employee productivity by up to 31%!
- Reduce employee costs by an estimated 20% by streamlining workflows and identifying inefficiencies.
- Clear data visualizations to keep everyone informed and working towards shared goals.
Flowace offers all that modern businesses need, be it any size. It simplifies task tracking with data insights, leading to maximum productivity. Streamline your time tracking with data insights.