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How Time Tracking Can Drive Business Growth

Paymate Software

For some organizations, time tracking is seen as a redundant part of operations, but it can provide a substantial amount of value for the company and its employees (check out our previous blog, “How Time Tracking is Beneficial for Employees” ). Why Time Tracking? Manage Your Resource Capacity Better.

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How Time Tracking Can Drive Business Growth

Paymate Software

For some organizations, time tracking is seen as a redundant part of operations, but it can provide a substantial amount of value for the company and its employees (check out our previous blog, “How Time Tracking is Beneficial for Employees” ). Why Time Tracking? Manage Your Resource Capacity Better.

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8 Tips to Get the Most Out of Your Employees

Paymate Software

But employees are your most valuable asset and you need to find ways to manage and support your workforce so they are motivated to do the best job possible. Not investing in your team’s happiness will leave them disengaged and at risk of leaving the organization. Here are 8 tips that will help you get the most out of your employees.

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8 Tips to Get the Most Out of Your Employees

Paymate Software

Conduct timely performance reviews to provide your team with feedback on what they have done well and areas that could be improved. Conduct timely performance reviews to provide your team with feedback on what they have done well and areas that could be improved. Giving praise no matter how small an achievement can go a long way.

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Six Key Financial Reports for Your Business

Paymate Software

One of the most important reports you should start off with is the profit and loss statement. Similar to a P&L statement, cash flow statements show a company’s profitability by showing how much money is coming into and going out of the business at a specific point in time. Cash Flow Statement. Accounts Receivable Aging.

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8 Tips to Get the Most Out of Your Employees

Paymate Software

Conduct timely performance reviews to provide your team with feedback on what they have done well and areas that could be improved. Conduct timely performance reviews to provide your team with feedback on what they have done well and areas that could be improved. Avoid using vague goals, such as “providing the best customer service”.

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Introducing Harmony’s Time & Attendance Module

Paymate Software

Tracking the hours they worked, creating and approving timesheets, managing PTO… all of these tasks can add up and consume a huge chunk of your precious time that could be used for other important things. Don’t even get us started about transferring your timesheets to your payroll system! The biggest expenditure? Your people.