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Why Time Tracking is Important for Your Business?

Why Time Tracking is Important for Your Business?

Time tracking is much more than merely a tool for most businesses. To them, it’s one of the most important assets that play a vital role in a business’s progress and growth. That’s the reason time tracking software has become popular and necessary in recent years. Many companies are using these software to see what their employees are spending their time on. To create strategies to help them streamline their projects, process payroll, identify hiring needs, and much more. Keep reading to know why time tracking is important for your business.

Why Time Tracking is Important?

Without a competitive time tracking tool, it’s difficult to get the same level of insight with the same effort and in the same amount of time. 

Increase Accountability

Accountability

One of the foremost reasons why employee tracking is so important for your team is that it helps keep your employees accountable. On an average day, employees might spend an hour or more of their workday distracted. During this time they’re talking to coworkers, making phone calls, or browsing on the internet. When a time tracker is in place, employees will have a sense of responsibility as they know something is watching us, ultimately, there would be more accountability.  

Progress Insight

Progress Insight - Why Time Tracking is Important

Without proper insight into how your employees are spending their time, you might not be able to efficiently manage your teams. After all, it’s necessary to identify employees that go above and beyond for the company. Time tracking tools can provide you with relevant insight into how your employees are working. Then you can easily assess who’s working efficiently.

Besides the employees who are performing exceptionally, you can also use time trackers to identify strengths and weaknesses producing space for improvements.

Manage Workloads

Manage Workloads

Time tracking can assist as a non-speaking communication channel between employer and employee. Some employees are introverts and they might not feel comfy telling you that they have too much on their plates. It allows you to recognize these situations and gives you the insight you need to relieve some of that pressure. You can instantly see who’s overburdened and even identify employees that could help take the extra workload.

Improve Productivity

Improve Productivity

Traditional time tracking systems like spreadsheets and manual time tracking is time-consuming for both employers and employees. It takes business owners to collect, organize, and record timesheets for payroll purposes.

Furthermore, this causes employees to be less productive when they have to manually record what they were doing and how long they’re doing it. But, with accurate tracking tools that automate much of the process, everyone can increase their productivity – from employees to managers to business owners.

Project Management

Project Management

How smoothly your projects are progressing defines your reputation and profitability. If you’re continually missing deadlines because you miscalculated how much time it would take to accomplish a project, it leads to trouble and even a dispute. Time tracking tools assist you to monitor your project and how much time and money is required to accomplish them.

What is Multitasking and how does it affect Your Brain?

What is Multitasking and How Does it Affect Your Brain?

We generally think of multitasking as our attempt to do multiple things at once. It’s just like the busy receptionist of any organization who is getting calls, dealing with clients, and taking files. Or just like a project manager spending all day in the office while writing reports, managing employees and getting updates from coworkers. But have you ever wonder what multitasking does to your brain? Learn now.

According to Dr. Meyer, trying to split your attention between tasks that require effort and concentration means one or both of them will suffer:

“Once you start to make things more complicated, things get messier, and as a result, there’s going to be interference with one or more of the tasks. Either you’re going to have to slow down on one of the tasks, or you’re going to start making mistakes.”

What Multitasking does to your brain?

What Multitasking does to your brain?

Many other studies have found that excessive multitasking has severe consequences on our mental and physical well-being.

  • Impacts your short-term memory:A 2011 research study from the University of California San Francisco found multitasking adversely affects your working memory—your brain’s “Scratchpad” used to control and concentrate on important knowledge.
  • Leads to prolonged anxiety: Neuroscientists state that multitasking literally consumes your mind’s power reserves, making you lose focus and become more worried.
  • Hinders creative thinking: Added stress and a shortage of brain “energy” caused by multitasking can also cause you to waste your capability to think outside the box. To be inventive, our minds need space to understand or “hatch” new ideas.
  • Prevents you from getting into a state of flow:Flow is the state of mind where we’re so concentrated on a task that our productivity skyrockets. (In one instance, officials said they were 500% more productive while inflow). Though, flow needs sustained energy and locus. Something multitasking gets in the way of.
  • Causes more mistakes and less productivity:Various investigations have found that multitasking causes people to take longer to do easy tasks, lower your IQ by an average of 10 points, and can even have the same adverse impression as losing a night’s sleep.
How to Cope with Working Longer Hours?

How to Cope with Long Hours Working?

In most of the days, you have to work for long hours because of the workload or the difficulty level of the project. If you often go for long work hours, you will probably start feeling exhausted and unmotivated. Moreover, there is also the risk of anxiety and depression because work overload directly influences your mind and mood. So it is important to learn how to cope with long hours working.

Cope with Long Hours Working

Make sure you pace yourself carefully and take good care of your health throughout. Given below are some of the techniques to cope with working long hours.

Cope with Long Hours Working

Prioritize your to-do list

If you plan your whole day to the minute, you’ll find it more comfortable to work longer – because you’ll understand how you’ll be using your day in the first place.

Prioritize your to-do list

First of all, list your priorities in a precise to-do list and then make sure your priorities are important, critical and relevant tasks, i.e. assignments that will remarkably take the load off your shoulders and head for the upcoming days.

Avoid distractions

Absolutely, avoiding distractions is easier said than done. However, you still have a lengthy task you need to complete and need to resist the nearby attractions. So, what do you do?

Avoid distractions - Cope with Long Hours Working

Well, your most beneficial practice is always to isolate yourself in a private room when you’re working. Try to turn on light music on the speakers to not get distracted somewhere else. But you must also know how music affects your productivity.

Take short breaks

Short breaks in between the work are equally important for the mind and body. These short pauses help you to relax and regain your energy and freshen your mind that helps you not to lose interest in your work and improve your productivity.

Short breaks in office

Some modern researches also found that a person’s productivity builds up for an hour before it starts to fall down. So it is a useful approach to take 5 to 10 minutes break after every hour.

Take quality sleep

You should never cut your sleep for anything – this may sound like careless speech, but the fact is that you need sufficient quality sleep in order to produce quality work in the first place.

Take quality sleep

According to a sleep researcher, Sarah Mednick, 20-90 minutes of nap time during the day helps with memorization, creativity, perceptual processing, and alertness.

Track time

Recognizing how much time you spend on your tasks gives you a sense of control – and tracking time on all your jobs encourages you to gain and sustain this control.

Time tracking software

Your best choice is to track time as you work on assignments – each time you start working on a task, start the timer, and then stop it once you’ve finished the task. Timelo is a complete package for all types of businesses and freelancers which is providing a 15-day free trial with no credit card required.