Find the Best Time Tracking Software

Time tracking software is tailored to help organizations track employees’ working hours and time spent on different projects. It is an efficient way to keep the entire workforce organized, irrespective of their job responsibilities or your industry. A good time tracking system helps you identify the distractions that you can eliminate and increase employee engagement, productivity, and eventually business revenue.

Additionally, time tracking software is helpful in calculating the working hours of all employees and ensuring they are compensated fairly. These platforms are employed in numerous industries and cater to several users, including freelancers, businesses of varying sizes, bill clients, and so on.

Some of the key features that make an employee time tracking software stand out are:

Time Management

Time management is an essential feature of time tracking software as it helps users track the workforce's working hours effectively. Employees can clock-in and clock-out to mark their attendance, as well as getting their break intervals and leaves monitored.

Reports And Analytics

Most time tracking platforms provide comprehensive reports and timesheets generation capability. Reports provide an accurate summary of the employees' recorded hours, working days, progress on different activities, and other similar data.

Additionally, analytics capability provides valuable insights into workforce's productivity. Administrators can leverage this feature to identify areas of improvement and make collective efforts to streamline workflows and boost progress.

Task Monitoring

Task or project monitoring feature helps administrators allocate specific time or duration to employees for specific tasks.

Integrations

Many time monitoring platforms offer integration functionality with other software that enhances their compatibility and makes them reliable for numerous tasks. Some of these third-party applications are payroll platforms, project management systems, and human resource software.

Invoicing

Invoice generation is an essential functionality that empowers employers to accurately monitor employees' billable hours and generate invoices. This leads to releasing payments on time and streamline the entire payroll system.

Mobile Access

Many software offer mobile applications that allow administrators to track time on the go. It is an efficient way to get your work done irrespective of your location or other hardware availability.

The criteria to choose the best time tracking software for your business depends on your company requirements. These include the functionalities you are looking for, budget, number of employees, etc. However, some basic factors that you must consider while selecting a time tracking system for your company are:

Write Down Your Company Needs

Understanding your business requirements is the most important step during the selection of a time tracking software. Make a list of the tasks that need precise monitoring and what factors increase employees' productivity. Once you have identified these points, it will narrow down your search for a platform that completely assists you.

Gauge Time Stamps And Automation

Automation is a crucial factor to consider while choosing a time tracking software. If your selected platform provides this functionality, it will track accurate time from different sources and allow you to generate insightful reports in real time. This feature is helpful in saving time and resources and doing work swiftly.

Additionally, time stamps help track projects in the pipeline and identify the employees working on them, providing an efficient way to monitor the time taken for each task.

Analyze Integration Capabilities

Compatibility is of utmost value, and you should look for software that seamlessly integrates with your current information technology (IT) infrastructure. Once you have double checked that your shortlisted time tracking software is compatible with your existing tools, you are sorted.

Assess Customer Support

It is essential to look for software that offers timely and effective technical support so any time you run into a problem; you know which door to knock. Time is crucial, and effective customer support ensures none of it goes to waste.

Evaluate Customization Options

The customization feature helps greatly in generating reports and invoices as per your needs. It also allows you to track your budget, visualize workforce capacity to meet certain targets, evaluate the time spent on individual activities, and assess the relevant data.

Time tracking platforms provide numerous benefits and some of these are listed below:

1. Accurate Payroll Processing

Time tracking leads to better payroll processing and billing as it is a source for transparent monitoring of employees’ working hours.

2. Data-Driven Decisions

By accurately monitoring the workforce's working hours, businesses can make data-driven decisions. They gain valuable insights into time management and which activities are being performed and finished at what pace. This information enables the administrators to thoroughly analyze the entire work schedule and individual performance and make more favorable decisions.

3. Increased Employees’ Productivity

Any workplace changes that directly or indirectly affect your teams' productivity will eventually impact your organization's outcomes. Time-tracking software is an excellent tool for identifying effective strategies and boosting employee engagement.

4. Set Clear Objectives

Time tracking helps organizations have a clear understanding of the time required for different tasks which helps managers set goals while estimating a correct time duration for them.

5. Improved Retention

Time tracking helps identify the employees who either finish off tasks on time or before it. This helps managers acknowledge their hard work, reward, and effectively retain them.

Different industries have different time tracking requirements, and therefore, must choose a platform that caters to their needs.

• Freelancers: Freelancers need to be mindful with their time management as they do not have an organized team for supervising different tasks. Clockify enables them to accurately track billable work hours and generate reports and timesheets for record keeping.
• Construction: Construction industry has workers working from different locations and oftentimes their timings vary too. Therefore, they need software that helps them track staff’s productivity and working hours accurately. ClockShark best serves construction and field-service industries. It helps them track time and efficiently manage the workforce.
• Legal: Law firms need time tracking software to track the time spent on legal tasks. It helps them with accurate billing, client transparency, and improve productivity. Harvest assists legal industry with accurate time tracking, management of billable hours, automated reports generation, and revenue tracking.
• Manufacturing: Manufacturing industry needs time tracking system to analyze the time spent on individual tasks, expenses incurred on a project, and estimate the time, number of employees, or expenses required for future tasks. TimeCamp provides efficient clock-in and clock-out features for accurate time monitoring as well as invoicing and reporting functionalities for effective record keeping.