Time tracking isn’t a novelty, it’s been around for a very long time, but it seems that we’re just now getting the full grasp of it and the ways it can benefit any business. More companies, in different industries, are realizing what are the benefits of team time management software and we’re seeing how the time tracking software industry is growing.


Today, we’re exploring the statistics about time tracking, and what do they mean for every business.


General Time Tracking Stats

It’s scary that in the era of computers and software, most employers are still using outdated systems for employee time management.


To be exact:

  • 38% of employers in the US use punch cards and paper timesheets
  • 58% of employers in Canada use the above mentioned systems


This is an insanely huge number of companies tracking time the wrong way. These systems cause huge losses, both for the company and for the workers. Even the US employers admitted that the system is flawed - those surveyed said that they need to correct 80% of timesheets they receive.


To be fair, in some industries it’s impossible to use the usual team tracker app because people don’t work on the computers. However, there are other modern ways, which can certainly replace the employee time tracking forms. 


We’re seeing that employers usually use employee time tracking machines to track hourly workers, which makes perfect sense. If you’re paying someone by the hour, you should have accurate data on how many hours they’ve worked.


However, only about 19% of employers track time of salaried workers. Which, in our opinion, is a mistake, given that daily time tracking helps close about 80% of productivity leaks. The fact that you’re not paying your employees per hour, doesn’t mean you can’t gain something from the clock tracker.


Count Your Losses

If you still aren’t using electronic employee time clock apps, we’re about to change your mind. Companies lose a lot by not tracking their employees’ time, and here are the numbers:


  • Every other employee admits that they practice buddy punching or time theft, which makes companies lose about $373 million per year (due to buddy punching) or $11 billion per year because of time theft
  • If you’re not recording email activities, you could be losing $50,000 per employee per year


These are significant loses. Not to mention the clients you could lose due to poor project estimates that couldn’t be better simply because you didn’t have the data to make a better assessment.


How Can You Proceed?

Well, by implementing the best team time tracking software, of course! It’s not going to be easy, and it’s going to take time. First, you need to discuss it with your employees. Then, you need to move on to research, testing and trials. Once you’ve done all that, you can have your IT setup the software.


It’s easier said and done, and there are a lot of small things you should pay attention to along the way. Make sure you’re following law requirements regarding the legalities of such software, as well as if the employees need to consent to being tracked. Additionally, there are a lot of software options out there and you can easily get lost in the sea of features. Make sure you select the software that has features which you actually need, and want to use. Some of these options are crazy expensive, and you don’t want to spend your money on a software which will be of no use to you.


Thankfully, there are a lot of inexpensive time clock software options available out there, so you’ll surely find the one that fits your needs and won’t take all the money in your bank.


Final Thoughts

Considering the benefits of time tracking software, it really is a wonder why isn’t everyone using it? The reasons vary. Some employers feel that it’s a sign of distrust, and don’t want to create such an environment. Others claim that it’s against transparency, and so on.


However, there are still those who recognized it’s full potential and are not afraid to use it. Are you one of them?


Kronos Humanity Timeclockplus Tsheets Wheniwork Deputy Replicon Jibble EbilityTimeTracker OnTheClock
OVERVIEW
Price (per month)Available upon requestFrom $2 per userAvailable upon requestFrom $6.40 per user + $16Free for up to 75 usersFrom $2.50 per userBasic plan: $30 for 5 users + $5 per additional userFrom $1.50 per employeeFrom $4 per user + $8From $2.20 per user
Free trial30 days14 daysYes14 days14 days14 days30 days
Ease of useDifficultEasyDifficultVery easyEasyEasyDifficultVery easyEasyEasy
FEATURES
Timecard management
Scheduling
Shift Trading
Timesheets
Break time management
Real-time tracking
PTO Management
Payroll
Invoicing
Client billing
GPS tracking
Clock out reminders
Alerts
Manual time
PUNCH-IN METHODS
Web app
Mobile app
Time clock device
Time clock kiosk
Facial recognition
Fingerprint scanning
Geofencing
Group punch-in
REPORTING
Visual reports
Email reports
Time rounding
MANAGEMENT
Permissions
Manager approvals
Add time for others
Integrations
PLATFORMS
Web
Android app
iOS app
Mac desktop app
Windows desktop app
Linux desktop app
OTHER
SupportPhone and onlinePhone and onlinePhone, chat and onlinePhone and chatEmail and onlineChat and phonePhone, email, chat and onlinePhone and onlinePhone, email, chat and onlinePhone and online
Knowledge base
Video tutorials
Community forum
API
Workpuls Hubstaff Toggl TimeDoctor Harvest TimeCamp Timely Everhour Tick TMetric
OVERVIEW
Price (per month) $6 per user $5.83 per user $9 per user $9.99 per user $10.80 per user $5.25 per user $99 for 5 users $7 per user $19 for 10 projects $5 per user
Free trial 7 days 14 days 30 days 14 days 30 days Yes 14 days 14 days 30 days 30 days
Ease of use Very easy Difficult Difficult Very easy Easy Very easy Easy Difficult Very easy Difficult
TIME TRACKING METHODS
Manual
Start/stop buttons
Automatic time mapping
IN-DEPTH TASK AND PROJECT ANALYSIS
Sreenshots
App and website usage
Activity levels coming soon
Real-time tracking
TASK AND PROJECT MANAGEMENT
Project adding
Project templates
Project status
Task assignment
Task priorities
Budgeting coming soon
Mark billable/non-billable hours
Payroll calculation
Invoicing
ALERTS
Idle time reminders
Deadline alerts coming soon
Budget alerts coming soon
REPORTING
Client login
Productivity analysis
Email reports coming soon
PLATFORMS
Web
Mac desktop app
Windows desktop app
Linux desktop app coming soon
iOS app Beta
Android app
Browser extension Chrome Chrome, Firefox Chrome Chrome Chrome, Firefox Chrome Chrome, Firefox, Opera, Edge
OTHER
Support Phone and online Email and online Email and online Online Online, email and phone Email, online and support ticket Email and chat Email and chat Email Chat
Knowledge base
Video tutorials
Integrations coming soon
API
On-premise hosting

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