A Few Ways Your Business Can Track Its Employees & Save Money
Tracking your employees might seem like a draconian way of running your business, but it’s one that offers a real benefit: it saves your company money.
It does this by making sure your employees spend your business’ money in the best way – whether that’s in the time you’re paying them for or literally in the cash you’re giving them via expenses.
I’ve highlighted three ways you can track your employees and recommended a trio of brands that can help your business to do this.
Fuel Genie: Travel expenses
Fuel Genie is a fuel card can be used at 1,350 Tesco, Morrisons and Sainsbury’s fuel sites, throughout the UK. It tracks your employees with account management software and saves your business money by giving it access to cheap diesel and petrol.
Knowing what your employees are doing is rarely more important than when they’re spending company money. You need to trust that it’s being spent on the right things and in the best ways.
A Fuel Genie card comes with account management software that tracks all the fuel spends made by your employees, covering diesel, petrol, and associated purchases (like oil).
It helps your business to save money in two ways:
Firstly, it shows you how much money is being spent by your business on travel. This gives you the opportunity to see where you can make cost-saving efficiencies.
Secondly, it lets you get cheaper fuel.
You can find Fuel Genie at iCompario, a leading comparison site that allows you to find the right fuel card to help track your fuel spending and save your business money.
HourStack: Time spent on tasks
HourStack is time tracking software that’s used by thousands of businesses all over the world. It tracks your employees by making them record every task they work on and saves you money by highlighting training gaps or employee inefficiencies.
You always need to know what projects your employees are working on – that’s what you’re paying them for and you need to be certain that what they’re doing is in the best interest of your business.
HourStack not only tracks your employees by making them enter every task they work on, it asks them to predict how long it will take and provides reports that show the difference between the two.
This shows you how long tasks actually take and saves your company money in two ways:
- It highlights if there are any training gaps you need to fill
- If reveals if any of your employees aren’t working efficiently
HourStack is recommended as one of the top time-tracking tools by Zapier, a renowned workflow automation SaaS business that’s used by over 3 million people
Salesforce: Customer management
If you’ve not heard of Salesforce then you may be operating your business from under a rock. The company makes one of the world’s most popular CRMs, a tool that’s used by solopreneurs and Fortune 500 companies alike.
It tracks your employees by getting them to enter customer interactions and saves your money through both retention and upselling.
I have no idea what your company offers but I know exactly what it needs to survive: customers. And while you may bring in and maintain plenty of business yourself, your employees are responsible for your customers too and you have to be sure they look after them.
Unsurprisingly, Salesforce is a sales-driven way of tracking how your employees are interacting with your customers. The tool records customer marketing, support, sales, and a heck of a lot more.
It sounds obvious, but Salesforce helps your business to manage your customer relationships. This saves your business money by improving retention, but also makes it money by allowing you to spot opportunities to upsell.
You can find an honest appraisal of SalesForce and link to its pricing by visiting Software Advice, one of the leading reviews sites for digital business tools.
Recommended reading: Ways You Can Avoid Liability Claims That Can Damage Your Brand
Fuel Genie, HourStack, and Salesforce are just three of the great ways that you can track your employees and save money as a result – you can also try Asana, Toggl, Harvest, and a number of other great tools.
But what’s important is that you do track your employees.
This because doing this will highlight where your business can become more efficient and save money as a result of improving how it operates.