The Aberdeen Research Brief: Why Your Organization Can’t Afford to Ignore Time Tracking and Resource Scheduling

Why Your Organization Can’t Afford to Ignore Time Tracking and Resource Scheduling

How detailed time tracking can increase the profitability of key projects

These days, organizations of every type rely on powerful business applications to handle the vast amount of data that they need to run their various functions. Complex ERP solutions keep tabs on finances and other assets, while HCM systems help HR departments, and Project Management solutions help guide the work being done across an organization. When it comes to managing Time—one of the most vital assets for any person or organization—we rarely see as much emphasis being put on measuring, or getting optimum use of it.

Those organizations that do use time management solutions are confronted with their systemic drawbacks and lack of transparency. Vendors often take months to implement on-premise solutions, which then require days of training before employees can use them. Organizations thus get the illusion of being in control of time worked by their employees on various projects, but the reality is that usable insights are rare to find in such systems.

The Aberdeen Group recently conducted a study on workforce management processes and issues, focusing on Time and absence tracking. According to Aberdeen, belt tightening is forcing organizations of all sizes to streamline their workforce management processes to boost efficiency. With their employees comprising their single biggest expenditure many companies are realizing big gains through improvements in Time and Attendance management.

According to Aberdeen’s findings, to become more agile and flexible in their workforce management, organizations must use data to help them make better decisions regarding employee deployment and work load. Since lack of current data impedes project management and reporting, having a centralized solution that gets regularly updated by employees and managers provides deep insight to help improve decision making.

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.
Get started today.
Set up a free trial based on your business needs. Start Free Trial

Exploring The 3rd Wave Of Resourcing At The Resource Management Global Symposium

Optimal resource management is often the key to profitability and sustainable growth for any project-based organization. Unfortunately, with rapid changes at the workplace, the labor markets, and industry conditions, managing…Read More

17 Reasons Women Make Great Leaders

Gender shouldn’t determine an individual’s leadership abilities. Instead, organizations must assess leadership potential by evaluating individual strengths and personality traits. However, often, women aren’t encouraged to assume leadership roles as…Read More

4 Key Steps To Achieve Digital Acceleration For Professional Services Organizations

Today’s world is rapidly moving into a technological era, and seemingly at an increasing pace. It has become imperative for professional services organizations to jump on the digital transformation bandwagon…Read More

Time and Attendance Orientation Guide

In a growing business, the day will eventually come when managing time and attendance on paper becomes both inefficient and risky, especially when trying to balance things like overtime, paid…Read More

Using shared services? These five technologies are a must

As organizations continue to scrutinize operating costs and look for areas to drive efficiencies, shared services centers (SSCs) are a no-brainer. The concept of a multi-function SSC has been around…Read More

Employee time tracking is dead

iBeacons, Bluetooth Low Energy, Proximity sensing and the obsolescence of time tracking as we know it. Businesses have to track the time their employees work for a variety of reasons,…Read More
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Enterprise Time Tracking
  • Thought Leadership
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates
  • Others