According to Forbes Magazine, businesses that have offered a remote work or hybrid work choice for their employees have found that these options reduce employee burnout and contribute to a better quality of life for their workers. And, when your workers are happy, typically you can expect more productivity, better communications, and less absenteeism.
Remote work is not only here to stay, it is becoming a draw for companies looking to hire the best and the brightest, while also retaining experienced employees that hold a vast amount of knowledge of how to keep the company successful.
Remote opportunities leaped from under 4% of all high-paying jobs before the pandemic to about 9% at the end of 2020, and to more than 15% today.
BigTime provides employees with great timesheet software for small business owners, freelance consultants, and any size business that needs a way to track the time and expenses of employees while they are not in the office. The hybrid workforce came into effect so quickly that many companies didn't change their ways of tracking how many hours were worked, and simply depended on the honor system for workers to call in or log their time committed to the company while working offsite.
According to projections, 25% of all professional jobs in North America will be remote by the end of 2022, and remote opportunities will continue to increase through 2023
Why your company needs employee time tracking online
Employees are demanding flexible work schedules so they can better balance their quality of life by devoting more time to their families, cutting out the long commute time, and simply replacing the formality of office environments.
Today’s management psychology has also shifted from emphasizing where employees do their work to where employees feel they can do their best work. For some companies, this may be a total remote workforce, and for others, it may be a combination of both office time and work-from-home hours.
Either way, business owners need to consider the list of time tracking software apps, compare their price vs. features, and decide on which time tracking app for employees they would want to test-drive before making a full commitment. The benefits of online time tracking for small business include:
- Workers can log time from anywhere they work
- Full transparency of hours worked by employees
- Faster payroll processing and with fewer errors
- Prevents time theft or buddy-punching attempts
- Can be customized to fit the way you do business
What to look for in the best employee time tracking software
First of all, any project time tracking software for a remote or hybrid workforce that deals with government contracts must be DCAA compliant. BigTime is approved for government work timekeeping and allows for detailed scheduling and tracking of labor and overhead rates. This type of accurate employee time tracking is beneficial to any company that wants to reduce the loss of money caused by inadequate employee time tracking.
Other features to look for when choosing the best free time tracking app to test drive include reporting insight that tells you in real-time how much expense is going into payroll and employee-charged expenses. A lot of money can be lost by not properly handling the way remote workers charge for overhead expenses like travel, client meals, lodging, and other costs associated with doing their jobs like printing paper and ink, etc.
BigTime offers a strategy to keep tabs on overhead expenses so your company doesn't exceed the budgets that were mapped out when accepting work from clients. You can easily see what type employee activities or expenses are pushing your projects off track, then work to reduce these expenditures or find better workflows.
Consider a complete project time tracking software solution
Instead of looking for a standalone online time clock for small business, consider a complete professional services automation (PSA) software that helps professionals and consultants manage the way they do business, including the tracking of employee time and expenses. With the automation of your online time clock for small business and the step-by-step management of client workflows, companies are effectively streamlining the way they do business, while also supporting those workers who are clocking in from remote locations,
A complete customer or client project management solution consolidates all project activities, client invoicing, and employee pay processing in one centralized location. This means repetitive data is automatically shared to reduce errors from manual data input and supported by the automatic calculating of payroll, taxes, and expenses.
Request a free personalized demo from BigTime to discover how you can be better tracking your firm’s time and resources.