One of the defining factors of the thriving and efficient company is the capacity to keep up with technological advancement and drastically increasing industry demands.
While traditional methods of producing and operating businesses still hold much value on how productivity and employee performance is upheld, innovations are also slowly paving the way for a new norm in the world of managing a team of workers as a whole.
As such, certain computer programs like employee timesheet software, human resource apps, and even accounting AI have dramatically changed the way employee efficiency is measured and balanced with a company’s goals in mind.
However, what is an employee timesheet software?
A timesheet software is a program that enables employers to gauge the time it takes for their staff to complete a particular task or project. It also offers a helpful basis for understanding the nature of the work from the employee’s point-of-view.
Not all businesses and jobs would benefit from timesheet software, and this blog’s objective is to help you determine whether an employee timesheet software is suitable for your company or not.
- What type of services are you offering?
Some might even argue that it is a sneaky form of micromanagement. In truth, using this type of software is ideal for projects or services that are billed per hour or output.
A great example of this is SEO or search engine optimization. Charging payments for SEO services are ideally done based on the time it takes for a specific strategy to complete.
If you are a freelancer, then offering to use a timesheet software helps you provide your client with a concrete justification of your rates.
- How do you want to segment employee tasks?
Low productivity can sometimes be the result of an unbalanced distribution of tasks. In every working setup, each employee has their strengths and weaknesses.
If you happen to assign a task or project that is not suitable for the skill set of one of your staff, then it would take them longer to finish what is assigned to them.
By using an employee timesheet to monitor their performance, you will see more clearly where your staff is lacking individually. You can likewise use to rearrange your workforce accordingly and ensure you assign tasks to the appropriate staff.
- How efficiently are your employees using their time?
If the reason behind low productivity is not due to mismatched tasks and skills, then it could also be because your employees are not smart enough with how they use their time.
When you track the number of hours it takes for your staff to accomplish simple to complex work responsibilities, it increases the likelihood that your team will become more conscious of how they manage their time at work.
You can also use the timesheet software to determine whether you have staff who are notorious at filing unnecessary leaves and absences or not. Without taking the necessary preventive measures over the misuse of your employee’s hours while at work, your overall productivity will be hampered.
- How reasonable are your fees for your services?
This item is applicable for businesses that have recently included a new feature in their lineup of services. Setting a reasonable rate for a new product or service is tricky. Imitating the rates of your biggest competitor may compromise your brand in the long run.
On the other hand, underselling your services will only give your rival companies the upper hand. If you use data generated by your staff, you can adjust your rates based on your workforce and resources.
Measure the amount of labour that goes into completing a particular service or project, and compare it with the facilities and number of staff that you have.
In this manner, you avoid selling your employees’ efforts short, and you also assure that you get substantial ROI once you begin promoting your services.
- What is the total size of your company?
Are you running a company with a relatively small number of workers, or are you overseeing a business that is steadily growing internally? If your business resonates with the latter, then an employee timesheet software will help ease things up for your human resource personnel.
Overseeing a large number of employees can be overwhelming. In contrast, when the metrics for employee performance and biometrics are automated, it diminishes the number of repetitive tasks that your HR staff needs to accomplish.
It will also update your company’s internal records simultaneously, thereby speeding up the time it takes to create performance-based evaluations and reports on each of your employees.
Innovative features are truly changing the way businesses are maintaining a competitive edge over other brands in the market. Moreover, it enables employers to bridge gaps they may have with their staff.
Author’s bio: Ester Adams is a farmer of words in the field of creativity. She is an experienced independent content writer with a demonstrated history of working in the writing and editing industry. She is a multi-niche content chef who loves cooking new things.