Employees and managers use productivity & time tracking tools to keep track of working hours for payroll, billing, and other activities. These tools allow the enterprises to estimate budgets, better productivity and ensure transparency and accuracy by notifying them about time-consuming and costly tasks through the dashboards.
There is a steep rise in employee productivity monitoring software tools, especially during the COVID-19 outbreak when companies need to oversee better and evaluate the remote workforce.
Market Growth
As per Introspective Market Research, the global time tracking software market is expected to reach USD 1785.36 billion by 2026 from USD 425.32 billion in 2019, at a CAGR of 22.36%.
Asia-Pacific region has the largest share of 37.2% globally, with a CAGR of 16.52% and a market size of USD 3.71 billion in 2019.
But due to high demand from the nations like India, China, Australia, and Japan, it is expected to grow with estimated market size of USD 10.71 billion in 2026.
Need of Employee Time tracking software
Many companies are still using conventional paper timesheets for time tracking, due to which buddy punching and time theft are major concerns in such organizations. Almost 75–80% of businesses are affected by time theft, due to which companies are shifting towards the online automatic time tracker app and tools.
As per statistics, on average, employees spend nearly 2 hours per day overcoming distractions at work, and approximately 90% admit to wasting the time of an organization.
Time tracking tools remove the risks of time theft and buddy punching, thus contributing to better employee productivity and enhancing employee performance and engagement. But it is not a simple task to select the best tracking tool from the different tools available in the market.
Therefore, we are here to make your choice of time tracking tools simpler. We have organized a list of the top 8- productivity & time tracking tools to enhance team efficiency. Check the complete list below with all the details regarding features and pricing.
1. Clockify
Clockify is one of the simplest and lightest free time-tracking software that allows you to track the working hours of your team. This application maintains the record of the operating hours of each individual and gives you a detailed analysis of productivity and performance. Let’s have a look at some of its features below-
● You can add members to the project instantly
● You can create timelines and activities through multiple browsers
● Customized the visual reports captured from the data
● Extract billable hours for distributed teams easily
Pricing:
● Basic- Administration $3.99
● Standard- Timesheeting & Billing $5.49
● Pro- Productivity & Profit $7.99
● Enterprise- Control & Security $11.99
2. Timesheets
Timesheets is a simple productivity monitoring tool for billing and payroll with an HR suite. It is specifically designed to increase your profitability and payroll costs. Cloud-based technology allows contractors and employees to track their tasks, attendance, projects, expenses, mileage, time off, etc. Let’s explore the features below-
● Time off tracking and attendance with overtime calculations and custom accrual
● Project tracking for billable and non-billable hours
● Expense tracking with receipt uploading options for reimbursable expenses
● IP address and GPS location security options
Pricing:
● Free Trial
● Freelancer: $0/user
● Standard: $4.50/user
● Nonprofit: $3.60/user
3. Work Status
Work status is an online time tracking tool that provides an excellent medium for individuals and organizations to enhance employees’ productivity. It majorly focuses on delivering reliable & secure solutions that enable customers to focus on their core business objectives. Let’s have a look at some of its features below-
● It gives you AI-powered time tracking with online timesheets
● Track real-time progress with employee monitoring software
● It allows you to create Geofences with a GPS time tracker
● It enables you to define budgets with project budgeting
Pricing:
● Free Forever
● Starter Package: $4.99/user/month
● Scale Package: $9.99/user/month
● Enterprise Package: $18/user/month
Request a demo for employee time tracking software here.
4. Hubstaff
Hubstaff is another excellent productivity monitoring and control tool designed to improve time management for staff. It has dedicated web, mobile, and desktop apps that can be used to monitor invoicing, appraisals, and attendance via a single platform. Let’s have a look at some of its features below-
● It has a compliance management module
● It shows the browsing history of employees
● Idle time monitoring & activity tracking
● Automatic time capture
Pricing:
● Free Trial: 14-day
● Desk Free: $0 for one user only
● Desk Starter: $7/user/month
● Desk Pro: $10/user/month
● Enterprise: $20/user/month
5. TMetric
The TMetric software comes with hundreds of integrations and also assists in measuring profitability. It eradicates manual time entries and allows you to concentrate on the output quality. Let’s explore some of its features below-
● It will enable you to estimate budgets and forecast profit figures
● It helps you to track development costs
● You can measure productivity agent-wise, task-wise, project-wise, and team-wise
Pricing:
● Free Trial: 30-day
● Business: $7/month
● Professional: $5/month
● Free: $0/month
6. ProofHub
ProofHub works both as a mobile and web application that an organization can use to communicate and collaborate across large distances. It has an integrated group chat, a time tracking tool, workflow management dashboards, and document management to streamline multiple tasks. Let’s have a look at some of its features below-
● You can review the project timeline
● It gives you agile methodology
● Easy file sharing and customizable templates
● It allows customers to check the progress of their projects through a client portal
Pricing:
● Free Trial: 14-day
● Essential: $50/month or $45/month billed annually
● Ultimate Control: $99/month or $89/month billed annually
7. Office Timer
OfficeTimer is another productivity monitoring software that can easily track billable and non-billable hours. It allows you to track attendance in real-time and get notified using employee check-ins and check-outs. Let’s explore some of its features below-
● It provides you with task tracking modules
● Track attendance with Geo-tagging
● Single platform for invoicing, reimbursement claims, and billing
Pricing:
● It is absolutely free
8. Time Doctor
Time Doctor is a perfect application for hybrid work models and distributed teams. It can be easily deployed through cloud, desktop, and mobile apps. It comes with a robust support team that gives live training via documentation and videos. In this way, it helps companies to boost their productivity. Let’s find its unique features below-
● Calendar management & browsing history
● Invoicing & billing management module
● It allows you to manage billable & non-billable hours
● Automated time capture
Pricing:
● Free Trial: 14- day
● Basic: $7 user/month
● Standard: $10 user/month
● Premium: $20 user/month
These are some of the top time tracking tools for business. We hope that now you are in an excellent position to decide the best productivity time management tools for your business and other requirements.
Conclusion
We are now on the same platform to understand that time management tools at work can effectively boost a team’s overall productivity and streamline the payroll process.
Also, a study by Affinity Live showed that the US economy suffered a loss of 50 million hours in productivity per day due to unrecorded work activities. This value is equal to a loss of USD 7.4 billion per workday.
It is now self-explanatory to realize the worth of online time tracking software and the need to implement the same in businesses and organizations.
Sign up for the productivity monitoring tool here.
Well!! That’s it from today! We hope you liked this blog, and if we miss out on any important time tracking tool that you know, then tell us in the comment section.
