WHY IS TIMEKEEPING IMPORTANT?

Keeping track of the time people spend on work in a company is the easiest way to calculate how much work costs. Throughout history, many methods of timekeeping have been developed. However, calculating the cost of work is not the only goal of timekeeping. It is also used to analyse and improve the performance of the employees, increase their productivity and gather business data for future use. Time records give managers data which enables them to figure out important trends in their company. They also help employees make their work process more efficient.

One might think that timekeeping only benefits business owners. However, there are a number of important advantages that timekeeping provides for employees. One of these advantages is optimising the work process. Timekeeping makes it easier for employees to prioritise more difficult tasks and make wiser choices regarding how they should distribute their time for the tasks at hand. It also prevents employees from procrastinating. If employees are aware of how much losing time would cost them, they get motivated to spend time more mindfully, remove distractions from their surroundings and tackle harder tasks.