• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Stumble Forward

Stumble Forward

Avoid Life's Financial Pitfalls

  • Blog
  • About
  • Contact
  • Resources

4 Big Benefits of Monitoring Employees

April 2, 2019 by Christopher

Source

When you’re running a business, it’s very important that you know what is going on around you from day to day.

If you aren’t kept abreast of the goings on, it can be difficult to make the right decisions at the right time and keep the business productive, whilst keeping costs as low as they can possibly be.

One of the most important parts of the business to track is your employees.

Yes, there is a school of thinking that says you should give your employees lots of freedom so that they can find their own solutions and feel happy at work, but you can do this and monitor them effectively if you are careful, and there are some very real benefits to doing so…

 

#1 Increased Billing Accuracy

If you run the kind of business where employees spend one-on-one time with clients or where they have to make estimations as to the cost of work, using software like a roofing estimate app, which will keep track of them, amongst other things, is a great way to ensure that customers are billed accurately.

Inaccurate billing cannot only alienate your clients, but it could mean you missing out on a lot of money too. So, having the ability to track and monitor employees on the go is an important step to have in place, and with so much software to make this possible, there is really no excuse not to have it in place.

 

#2 Increase Productivity

There are arguments for and against monitoring employees to improve productivity, but there is evidence to suggest that members of staff who know they are being monitored tend to be more conscious of the work they are doing than those who are not.

Not only that, but keeping track of employee activities can help managers and business owners to identify patterns in work and any issues that may crop up so that changes can be made to make the whole process more productive.

If you monitor staff and have an open dialogue with them as to how their working day can be improved, and how they can be supported to be more productive, you will give them some autonomy too, and that way you will get the best of both worlds.

 

Source

#3 Better Budgeting

Monitoring employees is also a good way to work out how many resources and how much time any project is likely to require. This makes it a whole lot easier to budget for future projects and make better financial decisions for your business.

 

#4 Weed Out Poor Workers

Unfortunately, not all employees are good employees and it’s fair to say that monitoring your staff is a good way to separate the wheat from the chaff and identify any workers who are not pulling their weight where they really should be, bad employees are awful for productivity and can actually cost your business money long-term, so it’s important to identify them as soon as you can.

Monitor your employees if you want to save money, boost productivity and build a strong team you can rely on upon coming what may.

Are you monitoring your employees?

Related

Filed Under: Business Tips

About Christopher

Chris is a personal finance blogger with Stumble Forward helping people avoid life's financial mistakes and live a higher quality financial life.

Connect with Chris on
Google+

Primary Sidebar

Get To Know Me

Hi, my name is Chris! I’m a personal finance and small business nerd.  Check out my blog where I share all of my favorite tips about saving money to running a small business.

As Seen On…

Top Articles

Categories

  • Budget Updates
  • Business Opportunities
  • Business Tips
  • Careers
  • Construction
  • Consumer Advice
  • Cooking
  • Credit
  • Credit Cards
  • Debt Managment
  • DIY
  • Education
  • Faith & Money
  • Financial Independence
  • Financial Security
  • Health & Fitness
  • How To Guides
  • Identity Theft
  • Insurance
  • Investing
  • Law
  • Market Updates
  • Money Managment
  • Mortgages & Loans
  • Niche Site Updates
  • Online Business
  • Pets
  • Podcast
  • Reader Poll
  • Real Estate
  • Reviews
  • Saving Money
  • Scams
  • Tech
  • Timeshares
  • Travel
  • Tutorials
  • Uncategorized

Footer

Get To Know Me

  • View StumbleForward’s profile on Facebook
  • View StumbleForward’s profile on Twitter
  • View choldheide’s profile on Pinterest
  • View choldheide’s profile on LinkedIn
  • View +ChristopherHoldheide’s profile on Google+
  • Blog
  • About
  • Contact
  • Resources

Legal Stuff – Yep We Got That Too

Privacy Policy
Disclaimer for Stumble Forward
FTC Disclosure

Copyright © 2021 · Magazine Pro on Genesis Framework · WordPress · Log in