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How Much Money Does Time Tracking Save?

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Looking for more info on the survey? Send your questions to our media manager at dunja@toggl.com.

Inefficiencies are costing the US economy $7.4 Billion per day - mostly due to untracked work hours.

We asked 1,000+ businesses using Toggl about how much money accurate time tracking has saved them.

Published in: Business
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How Much Money Does Time Tracking Save?

  1. 1. HOW MUCH MONEY DOES TIME TRACKING SAVE?
  2. 2. ABOUT US TOGGL IS: ● Leading time tracking tool ● Used daily by 70,000 businesses across the world ● integrates with 50+ other online tools
  3. 3. THE HIDDEN COST OF LOST TIME
  4. 4. $7.4 BILLION per day According to a study featured in the Harvard Business Review, this is how much inefficiencies are costing the U.S. economy alone.
  5. 5. HOW CAN LOST TIME HURT YOUR BUSINESS? We regularly meet our users to learn about the challenges their businesses face.
  6. 6. TOP REASONS FOR TRACKING TIME: ● to improve estimates & planning ● to analyze profitability ● to optimize business processes & staffing
  7. 7. HOW MUCH ARE OUR USERS SAVING? We asked over 1,000 team leaders if time tracking was saving them money.
  8. 8. $12,441 per team in average annual savings reported by Toggl users
  9. 9. CONSULTANCIES REPORTED THE BIGGEST SAVINGS: $16,203 on average per team
  10. 10. THE BIGGEST SAVING INDUSTRY WAS WEB & SOFTWARE DEVELOPMENT: $18,338 on average per team
  11. 11. BUT IT’S NOT JUST ABOUT COUNTING YOUR HOURS IT’S ABOUT DOING IT RIGHT.
  12. 12. MOST TOGGL USERS PREFER TRACKING WORK IN REAL TIME:
  13. 13. THERE IS A GOOD REASON WHY THEY PREFER REAL- TIME TRACKING...
  14. 14. $3,519 AVERAGE ANNUAL SAVINGS BY TEAMS WHO ESTIMATE TIME MANUALLY $15,064 AVERAGE ANNUAL SAVINGS BY TEAMS WHO USE REAL TIME TRACKING
  15. 15. BUT WHY?
  16. 16. MOST HUMANS CAN’T ESTIMATE TIME ACCURATELY. (This is why enjoyable events feel short, and boring ones seem to last forever.)
  17. 17. GUESSING TELLS YOU WHAT YOUR BRAIN WANTS TO BELIEVE MEASURING GIVES YOU THE FACTS.
  18. 18. WHICH LINE IS LONGER?
  19. 19. NEITHER ONE, BECAUSE...
  20. 20. A BRAIN IS EASY TO TRICK (but machines are not.)
  21. 21. HOW MUCH MONEY COULD TIME TRACKING SAVE?
  22. 22. OUR CURRENT TIME WASTE IS ASTRONOMICAL BUT SO IS THE POTENTIAL.
  23. 23. THE U.S. NATIONAL DEBT IS AT 18 TRILLION & COUNTING AND YET, WE COULD BE WASTING 2.7 TRILLION A YEAR ON NOT TAKING OUR TIME SERIOUSLY.
  24. 24. BUT YOU CAN ONLY FIX WHAT YOU CAN MEASURE
  25. 25. SO START TRACKING. MAKE YOUR EVERY MINUTE COUNT AND TRY TOGGL FOR FREE.

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