When was the last time you thought: ‘I wish there were 35 hours in a day’? Was it last week? Yesterday? You’re not alone. And things only get worse if you’re running a business and need to take care of all the organization and employees. Life can get really stressful really fast.


But the thing is, you don’t need those 35 hours. You only need the official eight if you know how to use them. And employee time tracking software can be a huge help in guiding you.


Now, you’re very likely familiar with what time tracker software is and how beneficial it can be for your company as well as for your employees. One of the most commonly listed benefits is definitely increased productivity. Which is precisely why we’ve not going to include it in our list!


In the following paragraphs, you’ll read about five other important advantages that time tracking can bring to your business.

1. Better Organization


Basically, time monitoring software tells you how long each employee spends in each app or website and how long it takes them to finish a project with two simple clicks - ‘start’ and ‘stop’. As a side note, they don’t even have to do that if your time tracking app has the automated time tracking ability. This feature monitors work on projects based on file names alone.


Now, how exactly does this help with organization? Well, first of all, it gives you a very nice and accurate overview of your employees’ activities. This includes who did what, for how long, whether they’ve finished or not and so on. These reports are visual and easy to understand.


Next, getting this data helps you make informed decisions about how to distribute workload. You’ll be able to assign projects based on performance and break big tasks into smaller ones for more efficient business time tracking.

2. Fair Attendance and Overtime Tracking


There is no imaginable scenario in which you can’t somehow benefit from employee time and attendance tracking software. Let’s take a look at a couple of common working hours policies and how tracking attendance can help each and every one of them.


Say your company has fixed working hours (e.g. 9 to 5) - time tracking software can tell you who’s late. Or if you have flexible working hours but your employees need to be in the office for eight hours - employee hours software can detect how long each employee has worked on any given day. Even if you have some sort of task-based policy, this type of software can help you pinpoint tasks that you can make faster and more efficient.


Time and attendance tracking software also gives you the ability to accurately calculate overtime and reward your employees accordingly.

3. Managing Client Expectations


In the first section, we’ve talked about organization and optimizing your workload, which can also be extremely beneficial when it comes to dealing with clients.


Tracking time by project or task type gives you insights into how long each project and task takes on average. So the next time a client asks you the good old ‘How long is it going to take?’ question, you can give a much more accurate estimate based on real past results.


You can even go one step further. You can give your client gated access to their project’s data, so that they can see the progress themselves.

4. Handling Your Budget


As you know, in the corporate world, time is literally money. So, by extension, managing time effectively should also lead to managing money equally as well.


Using an app to log time spent at work gives you the opportunity to be more accurate when it comes to payroll. Rewarding hard workers is always a fair thing to do and a good investment.


Additionally, time tracking and billing software will be your best friend when it comes to you getting paid as well. Calculating billable hours and sending these reports to clients prevents them from ever underpaying you.


As an added bonus, you can cut costs of corporate software too. If you track time spent in certain apps, you can know which ones are valuable to your company and which ones you can easily do without.


According to our clients, you can expect as much as $10 million dollars worth of savings on the back of using a time tracking software app.

5. Automating Tasks and Processes


We’ve mentioned several things you can automate by using a time tracker, including attendance taking, client reports, calculating billable hours and so on. Automating these ‘tiny’ tasks can free up a lot of your valuable time that you can use to run your company.


We’ve also briefly mentioned automated time tracking. This allows you to automate a very important aspect of your business running process - project tracking and management.


As different types of automatic time tracking software get more and more sophisticated, you can only expect more advantages and fewer unnecessary tasks on your plate.

Conclusion


If you’re still not sure about implementing time tracking software, ask yourself this: ‘If your company were a person, would it thank you for using it?’ The answer is probably a resounding yes. Our time tracking app has helped many businesses, and it can certainly equip you with the necessary data to make your company even more successful. The rest is up to you.


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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