Making New Year’s Resolutions for Your Business?

New Year's Resolution

The end of every year brings forth the usual chorus of New Year’s resolutions. Many people resolve to start exercising, stop smoking, save money or spend more quality time with their loved ones. Some resolutions stick, while others are deemed to be too difficult to tackle, and are often forgotten—until the next year.

Companies and other organizations, however, don’t make New Year’s resolutions. They must develop detailed business plans that lay out a roadmap for initiatives to be taken, campaigns to be started, targets to be achieved and decisions to be taken.

Planning for Growth in the New Year

Forward-looking managers know that realistic and attainable business goals need to be established and follow internal processes that are well-planned and effective in achieving the tasks demanded of them.

In establishing these goals, some key questions that should be asked like: Is everyone on the same page when it comes to business plans? Are the goals clearly defined and reasonable enough to stand a chance of being achieved? Are there any obstacles that stand in the way, or legal and regulatory hurdles that need to be overcome? Have critical business requirements been adequately anticipated and budgeted for?

As the above questions show, business planning can easily become a complex exercise, with various departments within a company vying for financial resources. Successful companies are different because their managers have thought long and hard about putting internal systems in place that promote productivity while respecting the contributions and abilities of every employee. Systems such as time and attendance software may seem relatively mundane when seen in the context of planning for growth, but these are precisely the sort of tools that empower management by helping them plan staffing requirements, while providing them with valuable insights about their workforce.

A Business Resolution That’s Easy To Keep

Start with the fundamentals—such as time and attendance tracking. Few solutions can match the returns provided by a well-designed and intuitive time tracking software system. It takes guesswork out the picture and allows employees and managers alike to stay informed about hours worked, days taken off, and even overtime clocked. For project-related work, this system enforces fairness by promoting equitable distribution of work, and provides valuable data into how many work hours were devoted to a particular project, which helps in estimating future staffing requirements and time billing related costs. What’s more, compliance issues can be kept at bay and legal complications can be easily avoided with adoption of a time and attendance tracking solution.

With hassle-free cloud-based solutions such as Replicon’s TimeAttend, companies can quickly experience a series of cascading positive effects, while increasing overall efficiency and ROI. Few solutions can match the ease of adoption and provide as much benefit as one that effectively automates what used to be an elaborate administrative chore. In past years, many businesses have made this resolution and haven’t looked back.

ABOUT THE AUTHOR

Replicon

Replicon provides award-winning products that make it easy to manage your workforce. With complete solution sets for client billing, project costing, and time and attendance management, Replicon enables the capture, administration, and optimization of your most underutilized and important asset: time.

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