Expert Tips

5 Tips for Real-Time Labor Cost Management and Efficiency Improvement

Within the many intricacies and moving parts in business operations, managing labor costs is a strategic imperative for success. The ability to monitor and control labor expenses in real-time is akin to holding the reins of profitability. Based on industry averages, the percentage of your operations cost that can be allocated to payroll is 20% …

5 Tips for Real-Time Labor Cost Management and Efficiency Improvement Read More »

8 Reasons Why You Need an Integrated Time Tracking and Invoicing System

Managing time and invoicing can both be major challenges for businesses of all sizes. Keeping track of how much time is spent on projects, invoicing clients accurately and timely, and ensuring timely payments can be a daunting task. In fact, 48% of businesses process over 500 invoices a month. That’s a great deal of work …

8 Reasons Why You Need an Integrated Time Tracking and Invoicing System Read More »

A Comprehensive Guide on How to Assess If Your Projects Are Profitable

In the dynamic landscape of project management, success isn’t solely measured by completing tasks on time or within scope; it’s fundamentally tied to profitability. Understanding how to assess whether your projects are meeting their profit targets is essential for sustaining a healthy business. In this blog, we’ll explore various strategies and tools to evaluate the …

A Comprehensive Guide on How to Assess If Your Projects Are Profitable Read More »

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 …

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

Project Time Tracking is Important – Here’s How to Do It Right

In this article, you’ll find: Relationship of Time Tracking with Project Management 5 Steps on How to Implement Project Time Tracking Introduction Efficient project management is an essential element of any successful enterprise. It is the most fundamental aspect that dictates the successful completion of a task or project. Effective project management is a key …

Project Time Tracking is Important – Here’s How to Do It Right Read More »

Team working - time tracking

Here’s How You Can Track Time Spent on Tasks – Task Time Tracking 101

In this article, you’ll find: Definition of Task Time Tracking Benefits of Task Time Tracking to Your Business Step-By-Step Guide on How to Implement Task Time Tracking in Your Organization Introduction Time tracking in its manual, paper form has been around since 1888 when the first New York-based company developed a “time recorder”. In its …

Here’s How You Can Track Time Spent on Tasks – Task Time Tracking 101 Read More »

What Managers and Business Owners Get Wrong About Employee Time Tracking

Currently, 72% of companies worldwide have already embraced hybrid and remote work models. As this number continues to grow, the demand for employee time tracking and monitoring methods is predicted to further increase as well. In fact, three out of four employers and managers utilize monitoring tools to oversee their teams. According to the same …

What Managers and Business Owners Get Wrong About Employee Time Tracking Read More »

How to Calculate Labor Costs: Tools & Techniques for Efficiency

Understanding and calculating labor costs is fundamental to financial success. Accurate labor cost calculations not only aid in budgeting and project planning but also contribute to overall profitability. According to a research study from the Project Management Institute, efficient management of labor costs is directly linked to higher project success rates. This only emphasizes the …

How to Calculate Labor Costs: Tools & Techniques for Efficiency Read More »

Scroll to Top