For 63% of small businesses, their revenue in 2021 is still lower than it was in 2019.
Although we’re coming out of the pandemic and the economy’s returning to normal, it’s still difficult for small business owners to streamline their operations. And it’s more important than ever to do so; otherwise, they might go out of business.
One area to tighten up is payroll, and you can do so with an employee time tracking system.
If you’re interested in hearing more, then read on for the benefits you can get from employee time tracking.
When your employees are tracking the time spent on a project, it’ll be easier to bill clients afterward. Employee time tracking software will tally up everything neatly so all you’ll have to do is send the invoices onwards. You won’t have to bother with making calculations, as the software will do it for you!
Better Payroll Process
Not only can you invoice clients easier, but you can also do payroll faster as well. Say goodbye to most of the manual data entry you had to do before!
The only thing you’ll need to do is enter employee information, such as their names and hourly wages. The software can then take care of everything else, which will free up your time!
When your workers have to track their work time, it’ll make them more accountable. Just knowing that the clock is ticking in the background can motivate them to stay on track better.
Not only that, but you can check out your team’s workflows. By identifying the weak points, you can make suggestions and changes that’ll move projects along quicker.
Traditional time cards and clocking in/out methods are pretty limiting. It’s very easy to clock in or out if the only station to do it is somewhere inconvenient.
Employee time tracking software and apps allow your workers to punch in and out from their smartphones. This can make things like construction time tracking easier, especially if employees are out “in the field” and far away from any other devices.
You or your managers can then review these logs from your own devices. There’s no need to share phones or computers, and you don’t even need to be in the same area!
Because it’s easier to log hours, payroll will be more accurate. It’s not uncommon for people to forget to log breaks and early days, especially if they’ve got busy schedules.
Employee time trackers ensure everyone’s paid exactly what they’re owed.
Utilize an Employee Time Tracking System for Your Business
As you can see, an employee time tracking system comes with so many benefits. And these aren’t even all of them either!
So spend a little money on an employee time tracking app to boost your business. It’ll be worth it to enjoy all the advantages that come with using one.
If you’d like to keep learning about how to run your business more efficiently, then check out more of our blog pages now!