Time-Tracking Software: A Brief Guide

Photo by Kevin Ku

Over a third of workers believe they waste 1–2 hours a day on their workplace, as shown in a Gallup poll taken in 2007. That makes up to 10 hours per week on average. These figures could make any business owner think about a career change. Luckily, there is a way out of this pain. The use of time-tracking software can help you realize where all the time goes.

Who would be interested in tracking time? Just a few examples show that in fact anyone can be:

Raising Efficiency with Business Time-Tracking Software

Did you know that worked hours are listed among the 10 key business metrics? This indicator can also tell you something about staff productivity, which is another important marker. Collecting and analyzing this data can take business to a whole new level. The following story offers a compelling example.

An Irish IT company decided to use personal time tracking software¹ Looking at the Broad Picture: Smarter Software Development for Irish Companies. By Martha H. Sanders. Cambridge Scholars Publishing, 2010.. Quite unexpectedly, time records showed that technical support was eating up too much time. This resulted in reviewing the support procedures, which in turn helped to reduce costs and improve customer experience. What matters here is that time-tracking software required very little investment — but resulted in measurable increase of revenue. Another important finding is that it is essential to choose a tool that will align best with your business practices.

Types of Time Tracking Software

We won’t discuss Excel here, because it lacks a lot of special features offered by tracking software. Looking for software to track time, be prepared to choose from a wide variety of types. The major defining feature is the way you can enter time.

What to Look At When Choosing Business Time-Tracking Software

Predictably, there is no ‘one-size-fits-all’ solution. Defining your requirements will help to narrow down the choices. Here is a list of things to be considered:

…And Just One More Thing

If you want to get a feel of the product, be sure to test it before purchasing. Going through a free trial will help you realize whether a timetracking can change the game for you.

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