Why Time Tracking Is So Important for Every Business

Whether your business is in construction or you’re a retailer, one thing remains constant, how time is spent. 

You always want to master time management so that your business is as efficient as it can be. The only way to do that is by tracking time! In 2022 no one has time to sit down and figure it out manually. However, we’ve researched for you so that you can sit back and gain the all-important information you need. 

What Does Time Tracking Do for My Business?

This may come as a surprise, but even though we are in 2022, buddy punching and time theft are still very evident. Implementing an employee time clock app provides accurate time tracking so you can cut out time theft and buddy punching. There’s so much more than just assisting with payroll, including:

  • How long do projects take to complete
  • How your employees use their time
  • How to optimize the current ways of working

And much more! Let’s dig a little deeper into why time tracking software can be so important.

  • Accurate Payroll

You don’t want your employees to feel short-changed after all the hard work they put in. With precise time tracking, you can guarantee that each second, minute, and hour an employee has worked is fairly paid – not more, not less. You can also easily break down your employees’ projects to know who’s worked on what, when, and for how long. 

That means you’ll have a practically to-the-second accurate payroll, with absolutely no potential over or underpayment. 

With all-in-one apps, such as our favorite, Connecteam, your payroll will never be simpler or more accurate. Employees receive:

  • Push notifications to clock in and out
  • Employees are notified when they near their max overtime
  • Lock the timesheet so no change can be made once you’ve closed the shift

And much more!

  • Time and Location Tracking

Having a time clock is one thing, but what about your other time tracking needs? All-in-one apps, such as Connecteam, means you can cut out any worries about overtime, theft, and buddy punching with a whole set of in-built features, such as GPS geofencing. You simply set the location and radius from where employees can clock in and out. In addition, if you have employees that are required to move between locations, the in-built GPS breadcrumbs feature gives you a timestamped graphic chain of readings following the employee while clocked in. 

Connecteam is suitable for any business as you can even set up a time clock station called the Kiosk app. This app lets employees clock in and out without ever using their mobile devices. 

Connecteam can do so much more than just track time for your business. You can:

  • Schedule
  • Increase engagement with updates
  • Manage tasks
  • Communicate via the app

And so much more. 

  • Put the ‘Pro’ in Project Management

When you track time, your understanding of the projects you’re managing can take on a whole other level of understanding. Tracking time provides you all the components that it takes to complete the project at hand, from how long the preparation stages take, right through to the execution, and every step in between. You get to see where there may be delays, and tighten them up, or even anticipate how long each stage of the project will take in the future. 

Employee time tracking software is a powerful tool because you can figure out how long future projects will take. For example, if you have a new client, you can already have quotes prepared along with realistic deadlines. Therefore, when you meet your new client or begin a new project when you set a deadline, you already know it’s realistic and achievable. 

  • Break Tracking

As employees know what to expect, this can lead to better teamwork. Time tracking allows your team to know exactly how many hours they’ve worked, meaning they don’t have to worry about proving how many miles, hours they’ve completed, etc. 

Moreover, you as a manager can see if breaks are being taken, as well as how long for. This works two ways: you can check that employees are taking breaks and having rested, but also can see if any employees are taking breaks for longer than they should be. 

  • Flawless Invoicing

With time tracking tools, invoicing becomes far easier as you can document where each of the billable hours has been spent. Hence, when billing the client you have all the data available. You can even customize the report as you can give a full breakdown of the costs along with hours, labor, materials, etc. 

The Bottom Line on Time Tracking

In a connected, digital world, the last frontier is employee time tracking. Having a no-touch, seamless way to ensure your employees are where they say they are, and are working the hours they need to and more, is priceless in terms of your mental load, your time, and your budget. 

Not only that but digitizing your time tracking and keeping track of projects can put you above your competition. In addition, it creates better workflow and teamwork. Once you go digital, you will be wondering what took you so long. 

Learn more about tracking your working hours here: https://www.timecamp.com/blog/2021/05/how-to-keep-track-of-your-work-hours/

You may be interested in: Common Manufacturing Time Tracking Issues and How To Fix Them With A Time Card App