Now more than ever, company owners must make smart decisions — especially when it comes to time tracking software for small business. As remote work continues to increase, there’s simply no way to move forward without getting everyone on the same page — and that starts with time tracking.
Here are 3 reasons time tracking software for small business is a must:
- You need to know who (and what) is working to increase productivity
- Efficient communication is crucial for any business. You need to be able to see when and how your employees are working so you know they’re helping you meet your goals.
- A time clock app for small business makes that simple. With Time Tracker, employees can:
- Clock in and out from any mobile device, tablet or laptop.
- Take breaks without worrying they’ll appear unresponsive.
- See how many hours they’ve clocked for a specific period.
- View upcoming schedules and suggest changes.
- Ensure they’re being paid in a timely manner.
Increase Productivity with Time Tracking Software
Using time tracking software for small business can significantly enhance productivity in your business. Here are several ways to leverage time tracking for optimal results:
- Identify Time-Wasting Activities: Track where time is being spent to identify and eliminate inefficiencies. This helps in recognizing tasks or processes that may need streamlining or delegating.
- Set Clear Goals and Benchmarks: Use time tracking data to set realistic goals and benchmarks for different tasks or projects. This ensures that work is aligned with business objectives and deadlines.
- Optimize Resource Allocation: Analyze time logs to understand how different team members are utilizing their time. This can help in redistributing workloads and assigning tasks to those who are best suited for them, improving overall efficiency.
- Improve Billing Accuracy: For service-based businesses, accurate time tracking helps in generating precise invoices based on the actual time spent on client work, leading to better financial management and client trust.
- Facilitate Better Planning: Historical time tracking data provides insights into how long tasks typically take, which can inform more accurate planning and forecasting for future projects.
- Encourage Accountability: When employees know their time is being tracked, they are often more mindful of how they spend their time, leading to increased focus and productivity.
- Monitor and Reduce Overtime: Time tracking helps in identifying patterns of excessive overtime, which can be addressed to prevent burnout.
- Streamline Processes: Time tracking can highlight redundancies or bottlenecks in workflows. Addressing these can lead to more efficient processes and reduced operational costs.
Implementing time tracking software for small business with these strategies in mind can lead to significant improvements in productivity and overall business efficiency. Your employees get an increased sense of control, and you get a way to track hours, avoid unnecessary overtime and approve payments swiftly.
Use Data to Make Informed Business Decisions
When it comes to time tracking software for small business, look for a company that collects and delivers your data back to you in ways you can use.
Mobile time tracking with Time Tracker allows you to see:
- How much revenue an employee is bringing in versus how much they’re costing (realization reports)
- Whether you’re charging enough and preventing scope creep (profitability reports)
- If you’re paying too much hourly when you should be hiring someone full-time (labor cost report)
Having all those metrics ready simplifies and streamlines your job, and it gives you data you can use when it comes to staffing, budgets and more. Anyone can give you a punch clock; Time Tracker can help you turn the data collected into action.
Affordable Time Tracking Software for Small Business
A few years ago, purchasing a time clock app for small businesses was a costly idea. There still are a lot of companies that charge a premium for time tracking software for small businesses. The good news is that there are solutions like Time Tracker to give you the tools you need without blowing your budget.
Our pricing relies on a base monthly fee and a per-user price. Because rate is based on number of users, you’re at an advantage when purchasing time tracking for small business. For example, a Time Tracker account for a business of 5 people would look like this: $20 a month base fee + ($12 x 5 users) = $80/month. If you want to maximize your savings further, pay your annual bill when you activate your service and get a 20% discount.
Try Time Tracker’s time tracking software for small businesses
Finding the right time clock app for small business feels like a big decision, but it doesn’t have to be overwhelming. Try Time Tracker today with a free 14-day trial – perfect for small businesses looking to streamline operations!