Both small and large businesses depend on time tracking software for payroll purposes. This is something that has just become standard in the industry.
Derek Abram is the CEO and founder of Prio. His team designs software to improve work-life by offering online solutions like free time tracking software, a time clock calculator, and invoicing software. In the world of hybrid/remote work, this has been crucial.
“Our team has worked together over several years on different projects, and we all came together for this one because we felt that the app solved several problems,” Derek explains. “Our drive primarily comes from the desire to create beautiful and functional software, and we enjoy the building process as much as the end product.”
Implementing time tracking software increases productivity and accountability.
With employees continuing to work from home, employers and managers must assist in creating a flow that will help them stay on track. Time tracking assists with eliminating outside distractions and helps determine how much time is being spent on one task.
In creating a remote team, you have to see how much each individual is contributing to meeting the goal. Employees who don’t receive feedback on their work might feel as though they aren’t making an impact. Vice versa when employees aren’t making as great of an impact, they can adjust accordingly. It’s not meant to be threatening or controlling as much as it is a reminder that the company has a goal in mind.
Using these kinds of analytics can help managers see where they need to fill in the gaps. It allows for transparency into projects. Managers can see in real-time what it takes to complete the specific tasks. This can help employees by redistributing the workload if needed. Sometimes projects need to be restructured to get better results faster. Employers can see the big picture and which departments are doing more.
This is especially useful for companies that commonly are reliant on contractors and freelancers. Time tracking might end up saving a great deal of money. Payroll will automatically be able to calculate what is accurately owed. Time tracking is an essential tool. As most companies are moving in the direction of permanent remote work, employees will not have to live in the same area.
The Successful Launch of Online Tools
Derek Abram’s software career began in finance. He launched several startups, including a task manager comparable to Task Rabbit, a trading brokerage and platform, and a political-social network.
Each project presented its challenges and didn’t take off for various reasons. “I recently found success in our software services company Miramar Technologies,” Abram explains. “From the elite team assembled there and the vast experience gained from years in the services industry, Prio was born.”
Derek continues, “A driving factor in my journey has been a reluctance to raise capital. This hesitancy was a primary factor in my previous business attempts and led me to the SaaS industry. I also learned that revenue could sustain an app early in its life.
Prio now has the freedom to build and develop software in alignment with the team’s values rather than the economic constraints of a venture capital firm. Derek adds, “ An ecosystem of apps that offer productivity software built around relationships, not tasks.
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