Facts about Employee Time Tracking

Facts about Time Tracking

6 Facts about Employee Time Tracking

Despite the mixed feelings on time tracking, having the right time management software can be beneficial to both workers and business. Below are several time management statistics and six Facts about Employee Time Tracking to help shed some light on the process and its potential value for organizations of all shapes and sizes.

Time Management Defined

First, what does time management refer to? Essentially, it is the use of a system to log and monitor a person’s activities. Many organizations utilize these systems to track employee hours and how they are using their time on the clock. However, it can also refer to tracking personal time through a private app as well as organization-wide project time tracking, which can be much more complex.

1. Time Tracking May Improve Time Management Skills

First on the list of Facts about Employee Time Tracking is that using even a simple software to track time can help hone a person’s time management capabilities. Such self-development gives an advantage to both individuals and companies. For instance, one in eight surveyed people reported they never feel under control at work. However, when armed with effective time management, it’s possible to gain control over the demands of the day through organization and improved productivity.

2. Employee timekeeping Identifies Areas of Improvement

Did you know the average employee is only productive for two hours and 23 minutes each day? That means a lot of time is being spent on non-work-related tasks such as browsing social media and making personal calls. Although it may appear to take up time to log the employee’s activities, it works to reveal timeframes or tasks where work is not being executed appropriately.

3. Workers in the U.S. Spend 2.5+ Hours on Emails Daily

Drafting and replying to emails is an essential part of many jobs. That being said, a lot of time is devoted to the task and at times, unjustifiably so. The right time management software could expose such waste and steps can then be taken to reduce squandered time.

4. Employee Timekeeping Errors Lead to 50 Million Lost Hours in the U.S.

5. Time of Day Impacts Productivity Levels

According to a 2021 report, productivity rates drop down significantly, all the way to 45%, between the hours of noon and 3 p.m. Freelancers also see a dip, with activity rates falling to 43% between 3-6 p.m.

6. Time Theft Is a Challenge for 75%  of Businesses

Time theft can be a serious problem for any size of business. One study even found it causes U.S. employers to lose $11 billion annually. Fortunately, time tracking has been shown to reduce lapses in productivity up to 80% by combating the various form of time theft, such as buddy punching, finishing early and using work time to engage in personal activities.

Don’t Let Valuable Time Slip Away

These industry Facts about Employee Time Tracking and statistics only scratch the surface of the potential benefits time management has in store. If you want to see just how effective time management could be for your business, consider upgrading to Hour Timesheet’s innovative time tracking software. Our easy-to-use platform eliminates hours of tedious manual data entry and streamlines your business’s ability to track employee and contractor hours in real time.

Reach out to us today to learn more!


Myths about Time Management Software | Hour Timesheet

Myths about Time Management Software | Hour Timesheet

Time management is essential to your business because it lets you increase the quality of your work and services. Have you ever thought about implementing time management software? This lets you and your employees keep track of the time spent working on various projects and tasks, which can lead to improved productivity and morale. This software can also help your team learn how to make the best use of the day. Let’s dispel some common time management myths. Read on to learn more.

1. Time Management Software Is Too Complex

Don’t believe this myth; time management software isn’t difficult to learn. Although it’s complex in functionality, it’s designed to be easy to use. Individuals usually learn how to use the technology quickly.

While some time management software tools need mastering, others are straightforward. It all depends on finding the right software and/or tools that fit your preferences and needs. In some cases, these tools can be integrated with other productivity programs or apps.

2. Time Management Software Is Costly

Avoiding time management software because it seems too expensive? If so, you’re not alone, however, not all time management software is expensive because most of them are cloud-based. This means it can be paid for monthly as a subscription. Additionally, you may already own free or low-cost options, enabling you to save money.

3. Time Management Software Is Only Suitable for Managers or Specialists

You don’t have to be a manager or IT specialist to use time management software. It can be a helpful and powerful tool for anyone, regardless of one’s position, work status or job experience. It can also help workers monitor progress on tasks as well as stay accountable.

4. Time Management Software Can Be a Distraction

This myth is quite the contrary. In fact, time management software can help employees stay focused on their work and meet deadlines. Doing so helps workers get the most done in the time allotted for each task. This means more productivity and less wasted effort.

Why Choose Us for Your Time Management Software Needs?

Hour Timesheet is proud to provide your small- or medium-sized company with a DCAA compliant time tracking solution that can improve your processes. While complex and robust in functionality, our time management software is easy to use as it has a simple user interface. We can also ensure that you are always in compliance with DCAA timekeeping requirements.

Have a remote workforce? If so, our Hour Timesheet Mobile© app can help your remote workers track breaks, drive time, lunch, employee location and more. It can even integrate with other helpful accounting and HR apps. You can sign up for a free 30-day trail account to try our software. Our experts can even help you setup your account at no extra charge.

If you’re ready to streamline your timekeeping processes, reach out to us today.

Tips for Managing Remote Teams with Time Tracking Software

Not too many years ago, the idea of working from home was met with general skepticism from the business world. Today, however, it seems as though remote work is here to stay. The benefits for employees are numerous, and employers are seeing higher workforce satisfaction as a result. Despite the advantages it provides, there are some challenges that come from managing remote teams.

One of the biggest of these is keeping track of everyone’s hours. Fortunately, time tracking software can help. Hour Timesheet’s powerful platform enables your team to check in from wherever they are and keep you appraised of what they’re doing with regular reports delivered straight to you. To help you make the most of this arrangement, here are some tips for managing remote teams with time tracking software.

Resist the Urge to Micromanage

Just because you’re not physically hovering over employees’ shoulders doesn’t mean you’re not stressing them out. You may be tempted to send regular check-in emails or Slack messages to keep tabs on everyone’s progress, but this can become a real nuisance. Using time tracking software means you can check in with a glance at your dashboard, which makes nagging virtually unnecessary.

Lay Out the Expectations Clearly

One of the most important tips to manage remote teams is to make sure everyone knows what the boundaries are from the outset. Leaving things like start times and lunch breaks vague can encourage some people to take advantage. If you expect everyone to be logged in by 8 am, you need to make that clear immediately and in no uncertain terms. Having a time tracking platform is the easiest way to make sure everyone is holding up their end of the bargain.

Choose a Platform That Integrates With Your Systems

A time tracking solution is not as valuable as it could be if it is siloed from the rest of your processes. That’s why it’s important to choose one that connects with your payroll software and other systems such as QuickBooks. It’s much more likely that everyone will be onboard with regularly using it and not leaving it to gather dust.

Managing Remote Teams with Hour Timesheet Promote Transparency

Implementing time tracking software keeps your team honest and engaged because they will know you can see how they’re spending their time at any given moment. This takes the burden of monitoring them off your shoulders and ensures everyone knows what’s going on at all times.

Why Choose Hour Timesheet to Manage your Remote Workers?

With a wide range of features including mobile app integration, location tracking and leave time management, our solution is the perfect way to managing remote teams. Our software is DCAA compliant, meaning you can be sure it fulfills all the highest expectations for government contracts.

To learn more about what we have to offer and how it can benefit your business, reach out to speak with us today or schedule your live demo.

How Does Time Tracking Software Work?

How Does Time Tracking Software Work

With the exception of capital, there is perhaps no more precious resource in the business world than time. Managers and team leaders need to be certain that their employees are using this resource as effectively and efficiently as possible to keep their businesses running smoothly. However, this can be challenging, especially if your team members are working on multiple projects simultaneously. How Does Time Tracking Software Work? Keep reading to learn more about Hour Timesheet.

The process becomes even more complex when you factor in independent contractors who may be contributing to a project. In the past, filling out timesheets and spreadsheets by hand was the only way to account for everyone’s hours. Today, however, time tracking software makes keeping track of what everyone is doing much easier. But how does time tracking software work? Read on to learn more about how Hour Timesheet’s powerful solution can benefit your business.

How Does Time Tracking Software Work with Hour Timesheet

When installed and integrated into your existing systems, this type of software allows you to create projects and assign employees to them. On their end, employees log into the platform either on their desktops or through a mobile device such as their smartphones. As they begin work on their assigned tasks, they check in through the software to start tracking the hours they spend. When they’ve completed a task, they mark it as finished.

As the manager or team leader, you can check in through a centralized dashboard to see everyone’s progress in real-time. The application also creates reports that you can download to see all the activity for a specific project, employee or team.

Advantages of Time Tracking

With our solution working to track your employees’ hours, you gain a number of benefits. These include:

    Why?

    Increased engagement: When employees are held accountable for how they spend their time, they’re much more likely to stay focused and engaged on their assignments.

    Reduced errors: Spreadsheets and paper timesheets can introduce human error into the equation. Our automated software prevents costly mistakes.

    Numerous integrations: By connecting automatically to many of the most popular platforms used by companies today, our time tracking software creates a seamless experience for everyone involved.

    Streamlined management: Because you don’t have to focus as much of your attention on keeping tabs on your workers, you are free to concentrate on more important aspects of your job.

    Actionable data: The reports generated by our solutions give you accurate, actionable information you can use to forecast the resources needed for future projects. They also help you understand which contracts are delivering the most return

    Choose Hour Timesheet?

    We offer you and your employees a wealth of features, including mobile app integration, location tracking and leave time management. Because our software is DCAA compliant, you can be certain that it can satisfy even the most stringent requirements for contractors serving government contracts. By integrating with your payroll through QuickBooks and other popular business platforms, it also provides you with the easiest and most efficient means of tracking everything your employees and contractors have been doing.

    If you’d like to learn more about our software or schedule a free trial, get in touch with our representatives today.

    Why Is DCAA Compliance Important?

    It can’t be overstated just how crucial transparency and accuracy are to your clients. Not only do they count on your expertise, but also they need fair and accurate accounting of your service. This need becomes even more pronounced when working in the public sector for governmental agencies. With taxpayer dollars being used for your services, there’s pressure to ensure that every last cent is being used in the most appropriate manner. This is where the Defense Contract Audit Agency (DCAA) comes into play. DCAA audits contractors who work for the Department of Defense and other government bodies to ensure funding is being spent according to the terms of the contract.

    Timekeeping is one of the most critical aspects of your reporting when it comes to government contracts. You need to make sure your records can stand up to the scrutiny of a DCAA audit.  Why is DCAA compliance important, and what steps can your company take in that regard? Read on for answers.

    Why DCAA Compliance Matters

    In short, the survival of your business could be at stake. Government contracts can be very lucrative, but they come with a host of responsibilities that must be taken seriously. If your organization is audited by DCAA and discrepancies are found in your timekeeping, the results can be disastrous. Not only can you face sanctions and risk your contract being terminated, but you can suffer a loss of reputation that would make it extremely difficult to win future contracts.

    What Are the Requirements for DCAA-Compliant Timekeeping?

    The onus for keeping accurate and compliant timesheets under DCAA is on employees. Here are the requirements each must follow:

    Having a time card or unique access to your timekeeping system

    Only possessing one time card

    Tracking their own time, without managers or supervisors doing it for them

    Making adjustments with a description of the changes, date and initials

    Attributing hours to specific projects

    Reviewing timesheets for accuracy

    Preventing payroll accountants from also serving as timesheet administrators

    Ensuring that employees are subject to unannounced inspections by DCAA to verify their timekeeping

    What Are the Consequences for Noncompliance?

    Contractors whose employees do not follow the proper procedures are subject to termination of contracts as well as other sanctions. These can include criminal and civil penalties, as well as being listed in the Excluded Parties List System. The latter means the contractor would be barred from receiving government contracts in the future.

    How Can My Firm Ensure DCAA Compliance?

    One of the best ways to stay out of trouble is to use an automated timekeeping system that allows employees to enter their hours without risk of human error or oversights. Hour Timesheet provides a powerful time-tracking solution that streamlines the process of tracking hours and ensures your firm remains in compliance with even the most stringent standards. Get in touch with us today to learn more about what our software can do for you.