It is a simple fact that using timesheets is costing you your business money. How much depends on your current processes and procedures for collecting this metric, but in general it ranges between 6-12 thousand dollars per year per staff, for the following reasons:
Time sheets are inherently:
- Inaccurate: Most timesheets require a start/end time to calculate the time for a given job. Generally, these values are rounded up or down to either the nearest minute or five minute interval.
- Fallible: Even when completing a timesheet has become habitual, staff are still likely to forget entries during the week, and must rely on their memory to account for time spent on a job yesterday or the day before.
- Prone to Error: Ever been interrupted by a co--worker to discuss something different to what your currently working on? Seldom does this time get accounted for.
- Wastes Time: The act of filling in a timesheet, manual or electronic, requires time. This costs your business more money than you might think - depending on the frequency and accuracy of timesheet entry you currently employ (see also our Timesheet Recovery Page and our Cost Calculator).
Modern Technology:
Even with the advent of the computer in the later half of the 20th Century, the use of timesheets has
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changed very little, and although new bells and whistles have been added (for example centralized time collection through the use of the Web), the problems and inaccuracies just keep mounting.
However, in 2001 academics in New Zealand started work on a research program that would forever change the face of how time metrics are harvested for effort prediction in Web Cost Estimation. As a direct consequence in 2004, MetriQ launched the worlds first truly automated timing software - so heralding the death nell for the humble timesheet once and for all.
The unrivalled accuracy of MetriQ means that your can now have time recorded, automatically to the nearest second - giving you a more complete snap-shot of how your valuable staffing resource is being used. In addition, MetriQ has already proven itself in business across the world, with clients impressed with the money their businesses have already saved.
Video Demonstration:
Because MetriQ is so accurate, it can even time just how long it takes to complete a timesheet. View this brief demonstration to see MetriQ in at work - no fuss, no gimmicks - just Intelligent Business Timing working for your business, to save you money.
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