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2015-05-17 00:00:00Product UpdatesEnglishThe latest Australian Productivity Pulse report released by accounting firm Ernst & Young, found a growing divide between productive andhttps://quickbooks.intuit.com/au/resources/au_qrc/uploads/2017/01/Screen-Shot-2015-05-17-at-6.43.59-pm.pnghttps://quickbooks.intuit.com/au/resources/product-updates/employee-time-trackers-what-to-watch-for/Employee Time Trackers What to Watch For

Employee Time Trackers What to Watch For

2 min read

Guest post by TSheets

Imagine, if you will, having a second set of eyes in the back of your head.

Not only would make you stand out from the crowd from a personal perspective, from a commercial standpoint it would also offer the ultimate in competitive edge.

But while the slow-moving human evolution process has ruled out the chances of that happening any time soon, the technological advances of the modern industrial age means accurate automatic time tracking may prove the very next best thing.

The latest Australian Productivity Pulse report released by accounting firm Ernst & Young, found a growing divide between productive and unproductive workers with the country boasting $305 billion or $26,300 per worker in unrealised productivity.

The report, released in 2013, found unproductive workers were guilty of wasting more than a quarter (28%) of their working day. In short, that means they’re being paid for an additional 10 hours and 25 minutes each week when they’re doing something other than the task they’re employed to do.

But cloud time tracking software companies, such as TSheets, are working to change all that. Targeted at SMEs, professionals whose livelihood is calculated by the hour and organisations with a mobile workforce, time tracking software is a type of computerised time management program that allows employers to keep an accurate record of how employees are actually spending their hours at work.

Time Tracking Apps have been credited with increased productivity and heightened staff accountability as business owners learn to better understand what practices lead to wasted time, and, as a result, wasted resources.

TSheets CEO Matt Rissell, whose business celebrates its tenth anniversary next year and was one of the first to introduce its offering across the mobile platform, says in addition to reducing payroll errors, companies that implement automated time tracking can expect to save money from proactive management of overtime costs, less time administering payroll and more accurate invoicing.

The TSheets system records accurate start and stop times even when the application is closed meaning employees can track time on desktop, laptop, any internet-enabled device or mobile phone even by iPhone or Android app, text message, dial in or even Twitter, he says.

“When employees start their working day, GPS information is recorded by their smart phone. Our mobile app allows employees to track time even without mobile phone service. Timesheet data is stored offline and once connected, it’s synced back to the office.”

For more information on time tracking apps and other apps that can help your business, please visit Apps.com to check out the add ons available with QuickBooks Online.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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