The Advantages and Disadvantages of a Paid-Time Off (PTO) Approach
In today’s world organizations are looking to provide the best for its employees in terms of compensation, b…
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“Remember that time is money.” — Benjamin Franklin
No matter what kind or size of business you own, employee and time management are the keys to making your business profitable. The relation between time and paychecks has always been pretty straightforward. We’ve been using clocks and timers to track work for centuries, but as technology evolved, we moved to time tracking software to effectively handle a variety of data coming in.
Time tracking provides powerful insights into your business and lets you trace how various projects or employee tasks are progressing. Once you have clear visibility on how hours are getting spent, you can estimate timelines for future projects and jobs much more accurately and even anticipate if an ongoing project is likely to run off the rails.
To this effect, hosting an on-premise time tracking software has been a popular choice. However, traditional on-premise systems are plagued with unexpected expenditures related to maintenance, hardware, and software. The ongoing pandemic proved to be a tipping point for many organizations who had to make radical changes towards managing their daily operations with limited on-premise infrastructure. Rather than optimizing growth and profitability, these companies had to focus their complete attention on business continuity.
Instead, cloud-based time-tracking systems have proven to be an effective way to monitor all employee activities, reduce manual paperwork and administration burden, scale as your needs dictate, and ensure that critical work tasks are functioning correctly. Many businesses have moved towards cloud-based solutions for a more flexible, secure, and cost and time-efficient platform.
Here are few significant points on which on-premise and cloud-based time tracking software differ:
At Replicon, we have helped organizations make the journey to the cloud for more than two decades. We specialize in offering flexible solutions to organizations depending on their unique needs based on our comprehensive Time Intelligence Platform. Using an all-encompassing time tracking software like ours means you can:
There’s no doubt that the cloud is the future. The move from on-premise to cloud is the smartest, most cost-effective way to manage all your data and information, which presents unrivaled opportunities that can help your business expand, improve, and generate value.
To see if cloud-based time tracking software is the best option for your needs, watch a free demo of our Project Time Tracking software.
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