Online Timesheet
Online Timesheet – Essential for any business leader. Although this is just one of the important topics facing small business owners… It can mean the difference between your Income Statement being Red or Black.
Is an Online Timesheet Right for Me?
Whether you are an individual interested in making sure your time is spent wisely or an employer looking to make your company more profitable, using some kind of online timesheet is a necessity. Having an accurate time tracking system is an invaluable asset to your company and personal life.
Many companies start with using some sort of honor system whether it is paper timesheets or an excel document that employees manually enter their time into. Until recently it was very expensive and cumbersome for employers to be able to afford more accurate methods of time recording. The things these employers didn’t realize were the amount of money they were loosing from traditional rounding methods and the amount of money they were spending on the extra time it took them to collect, compile and calculate their employees’ time. These two items alone have the potential of equating to thousands of dollars every year. Now individuals can record their time for free and a business owners can use a time recording software for as little as $9.95 a month.
Online Timesheet – Direct impact to profits
Professionally and personally, online timesheets will bring clarity into where your time is being spent, wasted or invested. It will give you a picture into you and/or your employees past that will empower you to make decisions on how you need to change your routines. If you’re an independent contractor your clients will appreciate the accountability to where their money is being invested. If you are a business owner, an online timesheet will infuse a higher level of efficiency, profitability, productivity and accountability into your organization.
How will your Employees respond to an Online Timesheet?
You may be thinking that they will resist the idea of an online timesheet and they may – at first. However, your solid employees that are truly supporting the vision of your company – will love it! This will be their chance to show off how many hours they are putting in and what projects they are working on. It will also give them the chance to show off productivity as they will move from project to project. Bottom line: an online timesheet will benefit all who are disciplined and commited to it’s use.
first it may be kind of difficult for your employees to get into the habit of accurately recording their time. It requires some initial discipline and a change of routine, but once they get used to clocking in and out each day it will become second nature. They may complain in the beginning stages of implementation, but as they realize that this is the new model and this is how they’re getting paid their attitudes should change. Of course this is change, and there are always those that are used to the way things were that will tend to feel a bit nostalgic when new ideas come.
