Applications to track employee, contractor and consultant time spent on jobs and tasks.
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Time tracking software applications record and analyze employee, contractor, and consultant time spent on jobs and tasks. These applications will often include the capability to generate invoices based on the time spent on client-related activities. Some HR management platforms, workforce management software, and project management software products have a robust time-tracking component and are therefore included in this category. Some examples are:
At a basic level, they track employee names with dates/times worked, replacing paper timesheets and/or expense reports. Depending on the complexity of the tool - whether it is designed for freelancers, small teams, or large hierarchical organizations - it may track additional parameters. These can include pay rate, location, department, project, etc. Mobile App Integration is another prevalent feature in time tracking software. It allows employees to track their time and manage their tasks on the go, even when they are not in the office.
More complex tools may also offer project management features, and/or integrations with third-party software such as:
Mobile functionality is especially important for tracking employee time at multiple locations, or with remote workers and contractors.
Another term commonly used is time and attendance software. There is not much difference between time and attendance software and time tracking software, which is why the two terms are often used interchangeably. The small, and not necessarily universal, difference is that many packages that bill themselves as time and attendance software will have some degree of leave management features in addition to time tracking. This can be useful for some companies, especially if they lack this functionality elsewhere in their tech stack.
Time tracking products designed for use by freelancers frequently include timers, notifications, or productivity reports designed to help them manage their time efficiently. These tools also give individuals the ability to create simple invoices and collect payments through the app.
Time tracking products designed for teams usually include reports to help team and project managers understand how employee time is spent, generate accurate project estimates, and allocate resources.By tracking the time spent on different tasks and activities, businesses can pinpoint tasks that consume a lot of time and accurately estimate the associated labor costs. This helps in creating more efficient projects and avoiding cost overruns.
Time tracking products designed for enterprise-size companies usually include policy compliance mechanisms, to enforce company policies about overtime, expenses, etc. They also typically integrate to payroll software for more accurate, automatic project-based payments.
Not all vendors offer the same breadth of features, however, these are some common time tracking software capabilities:
When comparing time tracking software, consider these factors:
Start a time tracking software comparison here
Most vendors offer a free trial of their product which typically lasts between 14 days and one month. Time tracking solutions are priced on a monthly subscription model, per active user. Prices for plans generally range between $5 and $15 per month per user.
However, larger HR management, workforce management, or project management software suites may be more expensive than time tracking point solutions.g
