Tracking employees’ time with web-based software makes it a breeze to keep accurate records whether in the office or the field. In fact, time tracking is the top requested web-based project management software function by 60% of small business leaders. 360e created this infographic to share a variety of ways, with statistics to support them, that time tracking software improves employee productivity, project management success and your bottom line. 360e offers flexible time tracking capabilities with our all-in-one field service management software.

1. BENEFITS OF TIME TRACKING
ACCURATE PRICING & ESTIMATES
ACCURATE BILLING & INVOICING
Use time tracked on previous tasks
to make more accurate estimates or
even adjust base prices for services
A study calculated $50,000 in revenue per
person is lost each year from inadequate
tracking of communication with clients
Easily and accurately
bill clients for all work
completed
Provide accounting all hours
worked on a job, avoiding
errors or follow-up invoices
EXAMPLE:
Technician agrees to fix an outlet in the basement, even though they are
there for a kitchen rewire. The technician never tracks his time for the
additional task, and it is never billed.
How much money does this lose?
If this happens once a week with 15 technicians giving away
one hour of free work per week at
IMPROVE PRODUCTIVITY
FASTER, SMARTER PAYROLL
* 360e does not provide payroll services or process information in a way that is payroll ready
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{ESTIMATE
$XXX.XX
BENEFITS OF
EMPLOYEE TIME
TRACKING SOFTWARE
HOURS
$100/HR x 52 WEEKS PER YEAR = $78,000
Employees tend to underestimate their time spent on a task or project,
undercutting the appropriate value of their work
Handle client questions or
disputes over time with
ease with detailed records
JANUARY
30% PROFIT LOSS
when reporting
worked hours at the
end of the month
15% PROFIT LOSS
when reporting
worked hours at the
end of the week
?
$$
How much the U.S. economy loses each day in productivity
due to inefficiencies like inaccurate time reporting
$7.4 BILLION
How much U.S. companies lose each year in productivity
due to fraudulent time and attendance costs
$400 BILLION
Analyze tracked time to see where time is
wasted and cut down on procrastination
Tracking time can also
help to improve poor time
management and create
good work habits
IMPROVE PROJECT MANAGEMENT
IMPACT OF TIME TRACKING
Automated time tracking systems
can speed up the process
Time spent on payroll
can be reduced by up
to 50% simply by
eliminating the hassles
of manual time tracking
Cut errors and
wasteful costs
34.2% of payroll
expenses can be
accounted for by
direct or indirect
costs of absences
Payroll was completed 70% faster
one clinical laboratory saw by switching from punching paper
cards to an automated system
Errors due to manual
processing of time and
attendance can account for
1% - 7% of total payroll costs
50%
Reduced 34.2%
$
Keep employees and projects on task, on schedule, and on budget
The top requested web-based project management
software function is time tracking, requested by
60% of small business leaders
Time tracking allows
you to better assess
your progress in
real time
TIME TRACKING
MANAGE FREELANCE, CONTRACT,
& REMOTE EMPLOYEES
Time tracking software can help businesses better manage remote
employees by not only tracking time but monitoring their activity
level, capturing screenshots, and improving their accountability
The number of employees not working together in the same
office is increasing
in work at home among
the non-self-employed in
the past 10 years
employees work from
home at least half the time
in telecommuting
employees in computer
engineering and science
WORKING IN THE FIELD
Many employees working remotely are actually mobile or
working in the field
The number of employees not working together in the same
office is increasing
Time tracking while out on a job provides:
• Accurate value for labor
• Adds accountability similar to other remote employees
• Better time management for scheduling calls or projects
• Account for varied uses of time like communication, training, retrieving permits,
transportation of materials, or travel between work sites
• Real time progress tracking instead of retroactive progress tracking
75% of companies switching to an automated time
tracking and attendance gained 250% ROI within 5
months according to the American Payroll Association
360e FIELD MANAGEMENT SOFTWARE
360e OFFERS A POWERFUL, FLEXIBLE TIME TRACKING
SOLUTION THAT PROVIDES:
Real time tracking and playback between office and field, which facilitates
proactive management instead of reactive management
Connectivity between office and field for the tracking of labor, materials,
communication, docs, files and job requirements (i.e. permits, code upgrades, etc.)
Automate jobsite mapping and routing
Quickly and accurately send customized invoices
LEARN MORE ABOUT HOW 360E FIELD MANAGEMENT
SOFTWARE CAN LIGHT UP YOUR BUSINESS!
MY360E.COM
Infographic designed by Mad Fish Digital Copyright © 2016 360 Enterprises, LLC.
Sources: everhour.com, globalworkplaceanalytics.com, hbr.org, my360e.com, nucleusresearch.com, on-timeweb.com, paymoapp.com,
saimgs.com, softwareadvice.com, techrepublic.com, waspbarcode.com, workforcemanagementchannel.com
103%
increase
There’s been a
3.7
million
Between 2000 and 2010,
there was a
71%
increase
RETURN ON INVESTMENT
JANUARY
{250%
RETURN ON
INVESTMENT
FEBRUARY
MARCH
APRIL
MAY
$