Why Is Time Tracking Important? 8 Benefits You Need to Know

Did you know that companies lose at least $50,000 per employee every year on untracked time? According to a study by Mckinsey, employees spend 42% of their time reading and answering emails, collaborating, and communicating internally. The hours spent on these tasks are often unmonitored and therefore, unbilled. As a result, businesses shoulder the costs …

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Unlock Profitability: Time Tracking’s Crucial Role in Professional Firms

In the fast-paced world of professional services where billable hours often translate directly into revenue, the importance of effective time management cannot be overstated. Time is money. For professional firms, it is the currency that can either lead to success or contribute to failure. In order to drive higher profitability, business leaders need to determine …

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How to Measure Your Team’s Productivity and Unleash Their Potential

We already know that productivity is a key component in any company’s growth and success. It is a fundamental element in remaining competitive, resilient, and agile through any economic or market challenge. However, varying business industries measure productivity in different ways. Every organization needs to determine and develop a strategy that will be most beneficial …

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