Do you know the best way to optimize your business performance? Time tracking! It is not enough to just track time at work, but it's important for businesses to also take time off. Upper management needs this data in order to accurately see how much workers are working so they can calculate what hourly wage they need to pay employees. Of course, this information is only useful if the tracking of hours spent on tasks is accurate and consistent across all employees.
Most importantly, managers need that information in order for them to make sure their workforce has adequate vacation time and sick days per year. Time tracking for business purposes is nothing new, but with the advent of mobile devices and cloud-based services, it has become easier than ever to track time accurately.
Read through 8 steps entrepreneurs should follow when implementing a great system for tracking both input and output times from their team members as well as some helpful time tracking software tools.
The first step is to identify what you want to track. Do you want to track time spent on specific tasks or projects? How about hours worked each day? Or maybe you just want a general idea of how much work your team is putting in each week. Knowing what you want to track is the first step in setting up an effective time tracking system.
The next step is to find the right tools for the job. We strongly suggest you check out ebitools and try it out yourself. It has proven to be a perfect choice for a lot of companies from different fields that are using it efficiently.
The third step is to get your team on board. Make sure everyone knows how the time tracking system works and why it's being used. They should also be aware of the consequences (positive and negative) of not using the system properly.
The fourth step is to set up some ground rules for using the time tracking system. For example, you could have a policy that says employees must enter their time spent on tasks or projects before leaving for the day.
The fifth step is to track and analyze the data. This is where the time tracking system really shines; by analyzing the data collected you can make better decisions about your business and employees.
The sixth step is to be flexible. You might need to tweak the system or even start over completely if something isn't working well enough or a new employee joins the team. There's no such thing as an effective time tracking system that's set in stone; it needs to be flexible and adjustable to fit the specific needs of your business.
The seventh step is to get feedback from your team members about the current system and how it could be improved going forward. You might even want to hire someone outside the company for some fresh perspective on what you're doing right and what you could do better.
The eight step is to celebrate your successes! Once you've got a good time tracking system in place, take a step back and admire all the data you're now able to collect. Use this data to make smarter business decisions and reach your goals in a shorter amount of time.