The process of timekeeping in any company is very important. Without timekeeping it is very hard to get any real insight into the productivity of your staff or into the profitability of your company.
The reason for this is straightforward, every business has an hourly cost of operating, a large part of this ongoing cost is staff wages. The idea of a profitable business is to make a return on this investment in staff. There is no better way to track this return them by monitoring the work hours that staff are contributing.
This task of time tracking can be very difficult to implement, employee time tracking is fraught with obstacles but the task can be made much easier by using time tracking software.
Using time management software like TimeCamp you can fully automate the process of timekeeping within your business. TimeCamp offer many features such as the core time billing software itself and also other handy add-ons such as a task time tracker.
Using a software such as TimeCamp means that you can keep track of the exact amount of edible time put in by each of your staff members, this is great for managing staff but it is also great for giving you an insight into your business. Four example with an exact figure on billable hours from each of your staff you can combine that with the hourly cost of your staff and the revenue generated by your staff and all your business. These calculations can produce an exact profitability for each member of staff on an hourly basis.
Not only does this allow you to ensure that your staff are actually productive and profitable but it will also point out any area that needs modification, four example you might find that you have an extremely productive member of staff who is not actually that profitable and it may be the case that you need to increase the rate at which you build their time to your clients.
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Not only does this top of timekeeping software have benefits to the business itself but it also helps your staff to be more productive because it allows them to better manage their time, rather than having to do all of this manually software such as TimeCamp can help them to automate the process and this ultimately gives them more time to concentrate on the task at hand.