Businesses and organisations rely on more and more efficiency to gain success and growth. The more efficient their employees are, the more productivity and profitability they will experience. However, how will you confirm that your employees are efficient per your standards? How will you find out their work-time utilisation levels? The simplest answer is employee time-tracking software. So, in this post, we will give you a time-tracking software overview, and its benefits, and help you choose the best employee time-tracking software for your business. So, let’s dive right in.
An Overview of Employee Time Tracking Software
Employee time tracking software solutions as the name suggests are digital tool packages with a plethora of features including:
- Timesheets
- Automated and manual time-tracking tools
- Integrations
- Intuitive user interface
- Work-Time Utilization Reporting
- Attendance Tracking
These features provide numerous benefits including improved employee focus, efficiency, and better work performance. Whether you have a small, medium, or large business, and/or are an individual professional, you will find employee time tracking software useful.
How is Employee Time Tracking Software Benefitting Businesses?
Employee time tracking software benefits businesses and organisations worldwide in more than one way. Thus, more and more enterprises and organisations use employee time tracking software. Here’s why.
1. More Employee Efficiency
Time tracking or tracking the total work hours of employees ensures more focus, indirectly improving efficiency. However, why is time tracking necessary to boost efficiency these days?
- You cannot blindly trust your employees.
- In today’s digital age, employees can roam around after clocking in. Plus, you won’t even know it unless you notice it.
On the other hand, employee time tracking ensures that you have accurate data on who is working how much. This allows you to make the correct decisions. Employees also know where they are lagging due to efficient work-time utilisation reports.
2. Better Time and Resource Management
Time also known as work hours is a valuable resource, which once gone can never come back. Other resources including these are also essential:
- Your employees (human resources)
- Equipment
- Expenses.
By evaluating accurate work-time utilisation reports, you will:
- Assign the right people to the right projects and tasks.
- Easily reschedule and reassign resources, tasks, and projects, whenever needed without disrupting the workflow. Â
- Thus, it will improve time and resource management.Â
3. More Accountability
Some employees may think of this benefit as forceful and more invasive. However, it’s because of their natural tendency to take more accountability and responsibility when being watched over. In today’s scenario, the only change is that employee time tracking software is doing this bit. But more accurately.
4. Fair Pay
For instance, the advanced attendance tracking feature of employee time tracking software combined with integrations with payroll software is very beneficial. It not only tracks your employees’ presence and absence but also their.
- Total work hours
- Overtime
- Idle hours
- Clock in and clock out time
- No. of leaves remaining and other time-related employee data (advanced software).
All this accurate data ensures that you pay your employees fairly for their hard work and dedication toward your enterprise’s objectives.
How to Choose Employee Time Tracking Software for Your Business?
The above covered the advantages of employee time-tracking software. However, the next challenge is that there are many employee time tracking software in the market. Here, you need to remember that the software your competitor uses fulfils their requirements. However, your business requirements are unique. That’s why we recommend carefully shortlisting the best employee time-tracking software to meet your needs.
1. Requirement Analysis
As we mentioned before, your business requirements are different than the ones of your competitors. So, you need to analyze your business needs first to identify why you need the employee time tracking software. Asking yourself questions including these will help a lot.
- On which activities will the software track time?
- Do I need additional features?
- Which type of time tracking is feasible for my business?
- Do I need customisations?
- Are reporting features a necessity?
Noting down the answers to such questions gives you a blueprint of your business’s ideal time tracking software. Plus, it also helps you make a better more accurate shortlist.
2. Expenses Check
Like everything else in your business, your employee time tracking software will also be an asset. So, you need to:
- Have a budget for it.
- Have an estimated return on investment.
Another expense is the cost of the employee time tracking software, which can be based on various factors including:
- Vendor reputation
- Size of the teams and businesses it works with.
- Payment mode (/user/month, flat rate, etc)
- The no. of features included.
- Add ons.
Based on this information, you need to calculate the total expenses you will incur for implementing employee time tracking software.
3. Shortlisting
Now that we are done with the requirements and expense evaluations, you need to shortlist employee time tracking software you think is ideal for your enterprise. Shortlisting employee time tracking software involves considering other factors as well including:
- Review genuine software reviews to know if the employee time tracking software is what it claims to be.
- Utilising free trials and demos to identify how the employee time tracking software solution will work per your requirements.
Considering these factors will ensure that your shortlist only has the best and ideal employee time tracking software solutions
4. Implementation
The last step involves selecting one ideal employee time tracking software and implementing it. Generally, implementing employee time tracking software involves:
- Configuring the settings as per your rules and goal setting.
- Customise the features to ensure that the software meets your unique business needs.
- Getting employee consent to install and run the software on your teams’ computer devices.     Â
Top 10 Employee Time Tracking Software
Unless you have a dedicated team for it, selecting your employee time tracking software will only be time-consuming. A better alternative is to search expert shortlists. Especially, for small businesses who run on limited budgets.
1. Toggl Track
Toggle the way you track your time with Toggl Track. Known for its user-friendly interface, this employee time tracking software lets your teams start and stop task timers with a single click. Plus, you can also categorise tasks and generate detailed reports.
2. Harvest
Harvest the crop of effective work-time utilisation with the employee time tracking software of the same name. What we like about it is that it clubs time tracking, invoicing, and expense tracking in a single platform.
3. Clockify
Own your clock with Clockify. It is one of the best employee time tracking software for freelancers and small businesses because of its affordability. However, what makes it stand out is the editable time blocks and timesheets with a user-friendly interface.
4. ClockShark
Smell the work-time utilisation levels of your employees with ClockShark. Although it is designed for construction and field service enterprises, it is also ideal for businesses in other sectors. Features include time tracking, scheduling, and GPS tracking, which are great for managing remote teams.
5. Hours
All work hours become productive with this time tracker of the same name. Although Hours is a simple employee time tracking software, it improves work-time utilisation with its intuitive features. What makes this one unique is the ease of use with a visual timeline. Overall, it is ideal for individuals and small teams.
6. EverHour
Track every hour of your employee with EverHour. This comprehensive time tracker tool is among the best for your teams and businesses worldwide. Furthermore, it also integrates with various project management tools including Trello, Basecamp, Asana, and monday.com. Track time on tasks, and monitor productivity with this tool.
7. Monday.com
Make your Mondays through Fridays productive with Monday.com. It is one of the most popular WorkOS that offers time tracking as one of its intuitive features. Monday.com is an ideal project management software for organising and tracking tasks, deadlines and milestones.
8. RescueTime
Rescue your employees from wasting their work time with RescueTime. This combination of productivity and time management software focuses on identifying how your teams spend their time across multiple devices.
9. Wrike
Rack up all the profits with Wrike. This versatile project management software also offers time tracking features usage-compatible with teams of various sizes. It has all the features and functionalities required to track task time accurately, instil team collaboration, and generate detailed work-time utilisation reports.
10. Hubstaff
Hubstaff is your hub for work-time productive staff. This combination of time tracking and productivity management is one of the best choices for your remote teams. What makes Hubstaff right is its plethora of tools to track work hours, monitor productivity, and manage payroll.
Conclusion
With that, we are done putting our post for today’s title, The Impact of Employee Time Tracking Software on Business Efficiency under wraps. To summarise, employee time tracking software solutions are feature-rich digital tool packages that help businesses and organisations worldwide boost employee efficiency without invasive monitoring. However, to get all these benefits, you must choose time tracking and employee monitoring software with screenshots per your needs. However, unless you have a dedicated expert team, we recommend searching time-tracking software shortlists.
Meta: Explore all about how employee time tracking software impacts business efficiency. In today’s post, we will tell you how time tracking software increases productivity.
