The Growth of Work Time Tracker Industry: Will It Keep Growing?

Work time tracker is a digital business tool that’s used for measuring the time employees take to finish their tasks and, based on this data, mapping out projects. This process can be manual, which would require your employees to click the start/stop buttons within the app, but it can also be automatic, in which case the software recognizes names of the files employees are working on and allocates that time to the right project.

Time Tracking Software

In and of itself, this capability of work time tracker is amazing enough – it can help you keep track of your team’s progress on different projects, organize their time, improve efficiency, and ensure everyone’s doing what their supposed to do. But this tool can often do much more with features designed for budgeting, counting billable hours, analyzing employees’ performance and productivity, etc.

Considering all of this, it’s really not surprising that job time tracking software has been gaining in popularity recently. In this article, we’ll discuss some of the reasons for this emerging trend as well as try to predict whether this time management tool is likely to become even more commonly used in the future.

Time Tracking Software for Accountants, Designers, Developers and More

One of the main reasons why an increasing number of companies use work time tracker solutions are their versatility and universality. Versatility refers to the vast range of functions that such a tool provides, some of which we’ve mentioned earlier in this article, but there are also many more, ranging from scheduling and attendance tracking to screenshots and activity levels.

This versatility almost necessarily leads to universality. What do we mean by this? Well, let’s illustrate this point with an example.

For instance, we can all agree that finding the best time tracking software for consultants entails being able to track the work you do for different clients and certainly a very useful option would be the ability to calculate billable hours so that you can charge your clients accordingly. In contrast, think about the best time tracking software for graphic designers – it should also be able to track different projects, but the crucial thing is that it’s automatic so that your employees in design don’t have to interrupt their creative flow in order to indicate the beginning or end of a certain task.

Now, the universality of work time tracker lies in the fact that, due to the immense array of features and functionalities, these two are actually the same software. The point being that it almost doesn’t matter what industry your company belongs to or how many different job roles it includes – as long as at least some part of the work is done on computers, time tracking system is going to be useful.

In the future, as more processes are being performed on computers or online, chances are that the use of this tool is going to go up rather than down.

Affordable and Easy-to-Use Solution

There are a couple more reasons why this solution is getting so popular and likely to continue on this trajectory.

The first one is the price. It’s typically not an expensive app, so even small businesses can afford it and not just large corporations. There are even free versions out there which are suitable enough for small teams and freelancers, although not even the best time tracking free software can match their paid version in terms of functionality, scalability and support.

But even the paid tools aren’t exactly budget-drainers. In most cases, the fee is calculated per employee, so the software is cheaper for a small company than it is for a big one, which makes it perfectly tailored to everyone’s needs.

Another thing is the ease of use. Today, people (and especially managers) don’t have the time or the willingness to put up with complicated tools. The fact that work time tracker is usually very intuitive and simple to use is what enables this software to have so many users.

Conclusion: What Does the Future Hold?

Having considered all of these aspects of implementing a work time tracker, it’s clear not only why it came to be so popular in the first place, but also what the future of the growth of its popularity will look like. Suffice it to say, we’ll probably be using time tracking solutions for at least as long as we use digital technology to perform our work duties.

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