Time is money in these days where even seconds are counted a lot. It is considered the most perishable commodity nowadays. Once lost, cannot be regained. In the business world, where profits and losses are based on the transactions of minutes and seconds, it is important to keep the record each single second passed. Time tracking softwares are invention of business people where their whole production, manufacturing and services are based on time.
There are numerous illustrations identifying the needs of time tracking software. In pizza hut, if the delivery is late, the pizza is delivered free of cost. In home delivery services, if the customers are unable to get your product on time, you lost your business. One client unsatisfied is one client lost. In automobile manufacturing units, the assembling is based on the theme. If any second is lost then the whole unit is disturbed. In freelancing job, time is important to keep an eye on the quantity of work produced within the specified time limit. All these examples are facts explaining that time tracking softwares are need of the times. Earlier, time used to be managed manually by keeping an eye on the watch but nowadays these softwares have reduced the burden.
The most important application of time tracking software is found in Project management where the work is managed per second. Normally, in multi-national corporations where thousands of employees are working on a project, it is not possible to track time without these softwares. Sometimes, the employees work in different locations of the same organization so their working hours have to be matched with the production or services. Time tracking softwares are best available tool for it. These softwares keep the complete record of every employee; working hours according to the production. There are lots of benefits of using these softwares:
For project management firms, it is highly demanded that their project should be completed on time. In these cases, the whole project is divided into sections. For the completion of every section, time is allocated. It is also possible that the completion of one part of the project leads to another. So, it is important for the project that every portion must be compiled on time. For that, time trackers are installed in these types of firms. It will reduce the cost of hiring a human resource for the construction of time charts for project parts. Moreover, the organization will earn more revenue. Less human labor will be appointed for monitoring and controlling the project completion. It will reduce the cost of hiring supervisors that have to be assigned to each unit for maintaining control of his labor.
In total, it is very beneficial for the organization to install and take the benefits of time tracking softwares by eliminating the burden of work and increasing the share of profit. For manufacturing and services oriented firms, it has become a dire need.
There are numerous illustrations identifying the needs of time tracking software. In pizza hut, if the delivery is late, the pizza is delivered free of cost. In home delivery services, if the customers are unable to get your product on time, you lost your business. One client unsatisfied is one client lost. In automobile manufacturing units, the assembling is based on the theme. If any second is lost then the whole unit is disturbed. In freelancing job, time is important to keep an eye on the quantity of work produced within the specified time limit. All these examples are facts explaining that time tracking softwares are need of the times. Earlier, time used to be managed manually by keeping an eye on the watch but nowadays these softwares have reduced the burden.
The most important application of time tracking software is found in Project management where the work is managed per second. Normally, in multi-national corporations where thousands of employees are working on a project, it is not possible to track time without these softwares. Sometimes, the employees work in different locations of the same organization so their working hours have to be matched with the production or services. Time tracking softwares are best available tool for it. These softwares keep the complete record of every employee; working hours according to the production. There are lots of benefits of using these softwares:
- It is a cost effective tool that lowers the total cost of production of computerized tracking of the employees working.
- It keeps the center control by an administrator for the whole firm by sitting in the office.
- It keeps the individual employee record of work according to the number of hours worked.
- It ensures the timely delivery of products and services to the customers.
- It helps in maintaining just-in-time inventory.
- Project templates are already there.
For project management firms, it is highly demanded that their project should be completed on time. In these cases, the whole project is divided into sections. For the completion of every section, time is allocated. It is also possible that the completion of one part of the project leads to another. So, it is important for the project that every portion must be compiled on time. For that, time trackers are installed in these types of firms. It will reduce the cost of hiring a human resource for the construction of time charts for project parts. Moreover, the organization will earn more revenue. Less human labor will be appointed for monitoring and controlling the project completion. It will reduce the cost of hiring supervisors that have to be assigned to each unit for maintaining control of his labor.
In total, it is very beneficial for the organization to install and take the benefits of time tracking softwares by eliminating the burden of work and increasing the share of profit. For manufacturing and services oriented firms, it has become a dire need.