With time tracking software, both corporations and small businesses can see how long it takes to complete tasks, so that they can better manage expectations and demands from customers and clients.
Some executives believe time tracking is unnecessary. However, with the right software tool, time tracking is an accurate, insightful and worthwhile investment. Here are some misconceptions associated with time tracking software:
Misconception # 1: Time tracking software provides no value to a business
It’s a common misconception: employers who do not use time tracking software may believe that it provides no quantitative or qualitative data. Nevertheless, there are a lot of valuable insights to be gained from tracking time. For instance, time tracking software shows how much effort was put into a project. By tracking time, employees can monitor how much they progress in their work. In addition, with time tracking software, it’s easy to see if you are wasting time on projects with little value. All you have to do is look into how your employees spend their time.
Time tracking software can help you arrange your priorities and create a workflow that ensures you work on important projects first. You can save secondary tasks until after the major tasks are finished.
Misconception #2: Time tracking software is another form of micromanagement
When you introduce time tracking software, it can scare employees at first. They may be afraid of being supervised too closely or feel they are being spied on or pressured. This fear, though misguided, makes sense given how common micromanagement is. Professionals who do it don’t trust their employees to finish their work. They try to oversee every aspect of development and production.
Time tracking software isn’t made to scare your employees. Rather, it’s designed to serve the business. Of course, time tracking software can help employees to organize their day-to-day work. A typical 8-hour workday flies by when it’s not being tracked, whereas tracking time makes employees aware of how much time is left in their day. Time tracking software allows them to schedule their day and plan which tasks to prioritize.
Misconception #3: Time tracking software only provides value for employers
The belief that employees don’t want their employers to know what they’ve worked on or what they are working on is often misguided. In fact, many employees feel as though their work is often underappreciated and that their output flies under the radar.
Time tracking software allows employees to record the time they spend on specific projects, as well as inform their company about what they are currently working on. As an employer, these records present you with the chance to make life easier for your employees by adjusting their workload should they be overwhelmed or bored.
Misconception #4: Time tracking software is just about payroll
Time tracking software is about more than just paying your employees. It fulfills many functions. Time tracking helps companies to keep track of the progress of projects, send invoices to clients, track CAPEX and OPEX, and more.
Without time tracking software, too much time can be spent trying to track down what has been done for projects, how much an employee needs to be paid as well as maintain accountability. While time tracking makes payroll an easier task, it still has many other benefits that can make the workplace a much more efficient place.
What kind of time tracking software is right for your business? If you’re a Jira user, Tempo might be exactly what you’re looking for.
Is tracking time right for your business? Consult our guide to time tracking to learn more about the benefits.