In the corporate ecosystem, a loss of productivity can drain both your energy and your wallet. If you run a company, time is probably the most expensive asset you can capitalize on. In fact, productivity fatigue alone costs businesses a staggering $1,967 annually, and this is the money lost per employee.
If you are even coming close to this figure, that’s the money and potential slipping away from your company, one exhausted worker at a time. The good news is, there’s a solution, and it’s using timesheet software.
If you want to tackle the time management woes of your organization, timesheet softwarecan emerge as a digital tracking hero that can transform the way you work. Whether we are talking about rescuing your organization from the clutches of manual labor and efficiency or gaining clear insights into how your employees spend their time and where your resources are underutilized or being wasted, here’s how timesheet software can foster automation and simplify workflow.
But first, why is Old-School Time Tracking Ineffective?
Let’s take a trip down memory lane and remember those days when manual timesheets were a thing. Although the pen-and-paper method seemed reliable for most people, it was a never-ending struggle with timekeeping.
Then came Excel timesheet templates. They too had their fair share of challenges, which were inaccurate at times and hindered productivity in the workplace with concerns like time theft. People could easily manipulate their working hours and hence manual time tracking was riddled with errors and discrepancies.
Manual time tracking methods had their limitations on efficiency and this led to inaccuracies and errors in billable time. This wasn’t just a menace while raising invoices, the cracks in time tracking also resulted in compliance issues as well as payroll discrepancies.
In addition, creating and managing manual timesheets was also time-consuming, which drained resources and didn’t even offer the advantage of real-time insights.
You see the problem, right?
Then Came Automation
Timesheet softwareis probably one of the best byproducts of automation. Why? Because they enabled employers to track the exact work hours of their employees and keep an eye on the billable project hours without any manual efforts. From unlocking the true potential of your team to keeping everyone on track, there are many advantages of using timesheet software, including:
- Accuracy and Automation: From the chaos of Excel sheets to the clarity of real-time data and reports, timesheet softwarecan effortlessly record employee work hours and ensure accuracy while eliminating the risk of human errors. Project managers or organizations don’t need to spend a minute extra on fixing incorrect timesheets because the automated results are precise at best.
- Real-time Visibility and Tracking: Do you want to stay in the loop and ensure a seamless communication channel within your team with instant updates and notifications? Well, timesheet software can provide teams and managers with real-time insights and a complete overview of employee activities as well as project progress. With timesheet software, organizations can enjoy enhanced transparency and understand who’s working on what and when.
- Orchestrated Task Management: A project doesn’t involve one task; instead it’s an umbrella term for different pockets of sub-tasks. For instance, if you are handling the social media marketing campaign of a client, it is a task. However, the sub-task would include graphic creation, writing captions, posting, hashtag research, engagement monitoring and management, and more. How are you supposed to track every task in a project? The answer is timesheet software. It can be your comprehensive project management resources companion as the tool allows you to efficiently allocate resources and tackle any challenge effortlessly while keeping an eye on deadlines.
- Legal Perks and Compliance: Do you have any idea about the kind of money organizations lose on lawsuits pertaining to violations of labor laws? Well, the work hours in a company constitute a significant part of labor laws and if you can track the employee work hours, it can help you build a rock-solid foundation for every legal matter stemming from working hour violations. Besides, if you have any internal conflicts in your organization arising from time management hiccups, having timesheet softwarecan significantly help to pin the time spent on every activity and resolve conflicts seamlessly.
The Bottom Line
Are you still wrestling with your old-fashioned manual timesheets? Well, ditch them right away because now with timesheet softwareyou don’t have to spend ages trying to keep a close eye on your valuable billable hours.
Upgrade to intuitive timesheets and get access to a wide range of perks that go way beyond conventional time-tracking alternatives. By getting real-time insights into who’s working on what to bolster your overall productivity, the right timesheet softwarecan be your gateway to a more successful, productive, and brighter future.
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