By Ruoro Kairu
Time is a key factor to consider to any business. Small and Medium Level Enterprises, especially, need to ensure that every minute is utilized.
As the owner or manager of an SME, you should be concerned with how time is managed around the company. If you or the employees spend time in factors that don’t grow the business, you might be forced to close shop.
Proper time management, therefore, is integral to the growth of any business. Here are four reasons why you should lay focus on time management in your enterprise.
1. Proper time management increases speed and accuracy at the company
In the past, employees were used to manually recording the time they arrive at work, and the time they leave. This process can take up a few minutes.
As mentioned above, every second counts.
Besides eating into the time an employee should utilize in other more progressive methods, a manual record is not 100 accurate. An employee can still arrive late but log in an earlier time, or leave early and ask a colleague to sign them out later.
With an attendance monitoring system, you’re not only saving precious minutes, you’re also getting an accurate accord of your employees work habits.
2. Time management improves timeliness
Within the first few years of operation, you might not be able to be around all the time to manage every little detail.
As a result, employees can take advantage of your absence to not attend to their duties, come to work late or fail to show up altogether.
With the proper time management tool, you’ll be able to record accurate times when the employees come in, and when they don’t show up at all.
As a consequence, this will prompt the employees to come to work every day and to be on time. This will eventually trickle down to employees focusing more on the work they should be doing.
3. You’ll be able to track projects
While growing a company, each task and project should be handled with care and utmost importance. If you are dealing with deadlines, projects should be completed before the deadlines.
If the employees are arriving to work on time, they shall have more time to work on the projects.
Moreover, there are software that can help you keep track of projects, assign projects to particular employees, and follow up on who needs to do what.
4. Increased security
Has something ever gone missing in the company and you’re unsure who’s to blame? Or perhaps you are wary of the state of security late in the evening or early in the morning. With proper time management tools, you’ll be able to know who’s at the office at any time. This increases accountability and security in the company.
Time is one of the most valuable resources to SMEs. At the same time, it is one of the resources that can be tampered with to allow maximum efficiency at the workplace. For startups and SMEs, you can start by manually managing the time in your company, but when you can, you should invest in a time management tool.