If your revenue stream depends on billing hours; you’re probably leaving money on the table.
A report from the US Bureau of Labour Statistics indicates that the rate of labour productivity among “Businesses” is falling. If you’re an agency, that puts you within the “Businesses” sector and its likely you’re a main contributor to the problem.
Here’s a scary factoid; In 2015, the services sector of the U.S. economy was losing about 50 million hours, or about $7.4 billion a day in productivity. But why?
Are you remembering to tack hours spent e-mailing?
- The average employee within an agency receives 304 emails per week; this roughly translates to 2.6 hours of time spent reading and replying to these e-mails daily.
What about your hours spent in meetings?
- On average employees spend 62 hours a month attending meetings or 15.5 hours weekly.
When it comes to timesheets most employees in agencies can’t accurately recall how many hours they’ve spent on a project, reading/writing emails, or attending meetings. This poses a treat to the accuracy of an employee’s timesheet, and ultimately the agencies bottom line.
Keeping track of time is key for agencies, let’s talk about the benefits.
Clockk offers a hands-free timesheet software that makes your life easier, and your agency more profitable. No matter how diligent or forgetful you may be, you’ll be left wondering how on earth you went about working without it.
Time Is Money. You better start tracking it.
Check out Clockk’s website for more info.