“We must use time as a tool, not as a couch”- John F. Kennedy
Irrespective of whether your business is small scale or at an entrepreneurial level, you, as an owner, are always worried about the employees and their performance. But, as a matter of fact, the world is changing the definition of the job and so is the job perspective of individuals. Now, you can no longer stand on their heads and get over with the tasks. It is all about flexibility at work, the convenience of completing the tasks, and timely incentives.
With time, you have to adjust and make a shift in your working patterns. An easy way to do so is through a technological advancement like an online timesheet program. These timesheets will inform you about every employee and can help your firm to meet the project deadlines and impress the client.
To make you more comfortable with the online timesheet concept let’s know its importance with respect to your business.
Importance of Online Timesheets
- It becomes easy for employees to report their daily work
- Employees are able to plan their tasks in advance and manage their schedules
- Top authorities (HR, Project Managers) can review the employee’s work and find the loopholes in the working pattern or offer a fair incentive
- Develops responsibility on the employees
- It can justify your project cost to the clients
- One can easily export the files wherever and whenever needed to any of the device capable of internet connection
- The timesheet program helps in increasing accuracy and reducing human errors
- It saves the time spent on payroll process and cuts down many other administration costs
- It ensures the attendance of every employee with their in-out timings
Keeping yourself open to digital options like the online timesheet program, you will always save money in the larger areas of your business and be able to invest your time in some other ideas like business expansion. Now, if you are wondering which areas or functionalities will you get money relief, then dive into the blog further and know for yourself.
Save Money by Investing in Online Timesheet Program
HR role becomes much more efficient and effective
Through an online timesheet, HR can easily manage every employee’s work. Such a program always helps in knowing the productivity by comparing the output and the time spent on that particular task.This helps in rewarding the most efficient worker and spot which ones are costly to the firm. By firing them, HR can save money for your business and you will have a hardworking and excellent staff working on your project.
These sheets also act as a great way to increase productivity by offering employees an indirect way to track their own performance. It is also a great tool for employees to show their progress and work completion in a stipulated time period.
An efficient employee gets fair incentives and rewards
As the owner of a firm, to giveaway incentives is a huge thing to consider. Everyone in the firm has a certain expectation apart from salary, but it is hard on the part of management to decide who is worthy of rewards, bonuses, or other kinds of incentives.With timesheet software, monitoring the performance becomes easy which leads to justified incentives to an employee. It can be anything from prizes to half-day vacation to 30 minutes of leisure time. This works as a boost up for other employees too.
Estimates the project costs
With every task being tracked efficiently, your team can justify the hours spent on one project to the client and get a fair share of profits for the firm. Such powerful insights also build trust among the clients as well as the internal management of the firm.You can generate reports of groups of employees, company departments, or the company as a whole, and get some effective insights to generate market goodwill. These time tracking numbers act as great proof and credibility for your proficiency in today’s business scenario. When everyone is after obtaining the services or products in a short span of time, you will be the one proving it right for your customers with exact figures to talk and can easily tackle the questions surrounding it.
Integrate the online timesheet program with other apps
Once you invest in this online program, you will easily be able to export reports to any device. For instance, if an employee wants to share his report on WhatsApp with his boss or senior manager, he can do so. As these timesheet software are compatible with every app development.As the owner of the business, you can ask for immediate daily reports of employees over any social media platform or chatbot platforms like slack, skype, and more. Thus, one has to no longer stick to an assigned desktop to share any task reports with the due hours and justify their dedication towards the given project.
Thus summing it up, your firm will be able to save money on hiring new HRs and employees, will obtain accurate costs for a given project, will be able to incentivize employee who is actually dedicated and save the cost on the ones that are not worthy for the firm, and also will be able to share the sheet in other apps resulting into no cost of building an app to share the document in person with the team. Such huge costs can be handled easily with a mere online timesheet program and you can obtain a sustainable, peaceful environment for your firm.
