If you’re a manager, you know that time is worth its weight in gold and that the name of every game in business is time management. Time theft occurs every day and is a serious problem in all businesses. Even the best employees are likely to engage in some sort of time theft. This is not because they are bad people, but more likely because they don’t have the proper information or boundaries or time tracking system to help them realize it. All managers should institute some sort of time sheet and time tracking to assess employee productivity; so that who is doing what with their time is as transparent as possible.
There are many different ways to practice time management so that you can track your employees’ time and what they are doing with it. One is a timesheet. With a timesheet, employees write down what they are doing with each hour of the day or in some cases just the time when they started and finished their workday. They note down when they come in, when they take breaks, and when they leave. Nowadays, most time sheets are automated by a computer and employees login rather than write down their times. Computers help to keep people honest so your employees won’t be tempted to write down inaccurate times to make themselves look better.
Time tracking is a little more complicated, but it is still a popular form of time management. With time tracking, employees write down or otherwise record what they are doing with every moment of their time. Sometimes you may want to track down to fifteen minute intervals, in the same way many professional consulting firms do. It is really up to you, the manager, to work out how closely you want your employees to track their time. The point is that they will be held accountable for every minute of the day and by being held accountable, will increase awareness of their productivity and how they are using their time. They will be less likely to engage in time theft or non productive activities if they know they will have to record their activities throughout the day.
In today’s busy and fast paced world, every moment counts. You have heard the old adage that ‘time is money’ – this has never been truer. Time management is important for serious businesses to practice in order to minimize loss and maximize returns. Being sure that your employees are tracking their time leads to greater productivity and ultimately to more profit.
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Informative blog David, I find it very useful and I agree that Time Sheet and time tracking really helps employee productivity. Using automated time sheet to log in makes the company more secure. We cannot deny that there are some employees that do things for their own sake. Using computer it helps employees not to be tempted to avoid misconduct. It is also good for a company that use time tracking for it can help you manage your time at the same time stay productive. I also would like to share this tool that I use to manage time and keep me organize and productive.
Thanks for sharing sure it helps a lot.
Thanks Glenn. You’re most welcome. Do pop by from time to time as I uncover more and more about the importance of time management. Also, feel free to take my 14 Day Action Challenge time management course. It continues to be a valuable tool I use to help my clients.
Regards…David
I have a small private owned company, and I was told about this employee timesheet software. I checked them out, weighed my options and decided to go with them. My company has never been more organized! I couldn’t recommend them more!
Thanks for your recommendation Ted. Good tools are often hard to come by and when it comes to tools for Time Management, Cash Flow and Team Work that will help my private coaching clients, I’m always appreciative of suggestions.
My business is incredibly more organized now that I got my employee timesheet software! My business would be lost without it!
Hiya Dee,
That’s a great resource you’ve provided and I strongly urge anyone wanting to get more organised in their business to investigate supporting software, processes and mentoring to keep ahead of their competition.
Regards…David
Very true, be it managers, or day to day employees, timesheet and time tracking is quite important for everyone during the course of business. However, time management tools are a boon to this though its important to know which of these is going to help for sure as regards productivity and profitability of the business. I’ve used Replicon’s Time Tracking product suite is a great one for sure.
You seems to be an expert in this field, great article and keep up the good work, my friend recommended me it.