Since the invention of the first clock, employers have been monitoring their staff’s work time.
And there are many advantages in doing so. Time tracking allows you to recognize the areas where your employees’ time could be better spent, thus improving general efficiency.
With workforce becoming more and more computer-based, time tracking is becoming the main way of keeping tabs on staff who may be spread out across other regions and even other countries.
Time Theft
As well as improving efficiency, an automated time tracker is necessary to prevent time theft. This is where employees take payment for time they have not spent working on tasks.
It is estimated that an average employee “steals” from 4 to 5 hours a week from their company, which adds up to one full working week per an employee every year – costing businesses hundreds of billions of dollars a year worldwide.
Time theft comes in a different colors and is always difficult to find.
Are you using a time tracker?
Not paying attention to losses incurred through time theft and efficiency gains to be had from a time tracker, there is a philosophy that considers time tracking a non-efficient practice.
Proponents of this point of view argue that physical tracking of employees does not mean accurate monitoring of productivity.
Similarly, a time clock can tell when an employee punches in, but has no way of recording the tasks they engage in before they punch out.
Employees’ Trust
A greatest objection of those opposed to time trackers is that it creates a feeling of mistrust within a company.
If staff members are required to constantly report what they do, or are placed under total personal or electronic supervision, they are likely to feel that they are not trusted by their CEO.
And if they don’t feel trusted, then they don’t feel valued either and this can lead to disturbance, reduced work efficiency, high staff turnover and all the problems associated with a negative corporative culture.
Rather than checking up on their employees, opponents of time trackingtrying to prove that managers should trust their teams and let them know that they are fully trusted.
In CrocoTime our experience have shown that if employees feel their significance, they are more likely to work more, take more responsibility and need less supervision than those who are treated like children who must be watched at all the time.
Is Time Tracking Really Inevitable?
Some people would argue yes and there is a multi-million dollar time tracking industry to prove it. Others can argue that good employees morale is more significant and more profitable in the long time than any short-term efficiency gains made through time tracker use.
Maybe, as in most cases, moderation is the best. You may just be able to have the best of both worlds if you:
Time Tracking Software: Pay Less Get More
CrocoTime time tracking software allows a manager to collect valuable and representative data about the processes, projects and overall efficiency, starting from a single employee and up to the whole company. The CrocoTime time tracker will let you pay for the time actually used for a company’s sake and not wasted.3 non-obvious advantages of an accurate time tracker
“Do as I say, not as I do” is a common saying that has become synonymous with hypocrisy. It goes hand-in-hand with the idea that people may ask more of others than they are ready to do themselves.How To Pick And Install An Effective Project Tracking App
Generally speaking, companies today are pretty good in saving funds. At any moment, your CFO (or at least the bookkeeper) can tell you how much money is made and spent, and where income comes from and goes to. Money is recognized as a worthy and important commodity, and financial planning and tracking systems are put in place so that employees may rest easy knowing that every cent is accounted for.