In any industry, time is equated to money. A delay due to shortage of manpower or an idle employee costs money. Hundreds of dollars are lost due mismanaged project which is hard to swallow.
It is not always possible to manually keep track of all the employees’ attendance. For this reason, investing money for software time tracking tool is a wise option to aid project managers.
ACCURATE EMPLOYEE TIME RECORD
Software time tracking tools let you accurately record your employees’ attendance down to the very last minute they exited your office. You will then have an idea who is worthy of a promotion or not.
PRECISE SALARY COMPUTATION
Since the software provides a credible employee time record, it would also follow that the computations of the salary would also be accurate. Computing complex employee salary such as 13th month pay would be easier to do.
PROJECT DELAYS WILL BECOME VISIBLE
Through a time tracking program, a project manager can identify what causes project delays. The project manager can reassign employees so that the available manpower can be utilized. You can also evaluate if you need to hire more people to do the job.
MONITOR THE PROGRESS OF THE PROJECT
Project managers can evaluate if the project is behind schedule so that extreme measures can be done early on.
Project owners must be regularly updated regarding the progress of the project. Accurate reports regarding the project is important so no disputes will arise later on.
REDUCE OVERHEAD COST
Software time tracking tools can also help you identify any redundant or unnecessary tasks included in the project so that you can save extra money.
EFFICIENT OPERATION
Project managers will be aided to come up with an efficient operation so that every available resource can be utilized which will eventually speed up production.
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