It shouldn’t be different in the case of time tracker for work, and you must take into account all factors: the cost, the time it takes to find a suitable option, how long will your employees take to get used to it, the implementation time, etc. To make this process easier for you, we’ve decided to do an article about the cost and the benefits of time tracking software, so you can see if it’s worth it.
The Cost of Time Tracking Software
Time trackers for work aren’t generally expensive. The price usually ranges from $4 to $10 per employee per month, and if you decide to pay for the full year you’ll get around 20% discount on the price.
The cost of a tracker depends on the amount of features it has, so, the more features the higher the price. However, you shouldn’t just be thinking about the number of features you’re getting. Think about which features you really need. If you need just basic project time tracking, without any monitoring or billing capabilities, go with a simple solution, it will cost you less.
However, if you’re looking to integrate this tool with other apps you’re using, you might need to spend a bit more money. So, it really depends on what you need, and how you want to use the software.
Benefits of Time Tracking
There are numerous benefits to using a time tracker for work, but we’re limited on space, so we’ll only talk about the key benefits, which are applicable to most businesses.
Time trackers have proven to increase employees’ productivity. First of all, since workers know you’re tracking them, they’ll try to look their best in front of you. Their social media usage time will lower, and they’ll dedicate more time to completing the tasks. Furthermore, one of the main reasons for low productivity is the fact that an employee doesn’t have enough knowledge to complete the task. Now when you’re tracking what your employees are doing, you can see when their productivity lowers, and check if they might need additional help.
More Accurate Billings and Payments
The main purpose of a time tracker is to track time on projects and tasks. Therefore, if you’re billing your clients per the hour you’ve certainly experienced disputes over the number of hours worked and the amount of money you were supposed to receive. Well, time tracker for work gives you proof of work your clients need to be certain you’re not trying to charge them more.
On the other hand, tracking employees’ working hours, as well as overtime, can be a tiresome job. Luckily, a tracker serves as a clock-in device as well so you’ll never miss anyone’s minute of overtime.
Organizing yours and employees workload just got a lot easier. The dashboard of your tracker will give you an option to create projects and tasks, but also to assign employees to them. When you receive a new project, you can check the dashboard and see who on your team is most available to handle it. At the same time, you’ll know who handles which tasks the best, so if something is urgent you’ll be able to assign it to the employee who can complete it without any issues.
Talking about the benefits of a time tracker for work can turn into a whole day discussion. However, these three benefits are what every employer needs in order to take their company to the next level and stay ahead of the competition.