October 2021

What is Finclock?

Finclock is an online employee management software designed to help you get organized and make the most of your time. Whether you’re freelancing, working from home, or anywhere else, Finclock can help you keep track of how much time you spend on each task throughout the day.

What are the main benefits of employee management software?

Main benefits of online employee management software are: It makes project management easier It makes work easier It improves productivity It eliminates manual errors It improves efficiency It supports collaboration It makes communication easier It improves decision making It improves planning It reduces documentation It ensures proper supervision It ensures accountability It ensures transparency It increases employee productivity It reduces cost It improves visibility

June 2021

How to increase profit at work

How to increase profit in projects Create project budget Manage item costs Manage services expenses Evaluate revenue reports Eliminate expenses outside the project plan Review project revenue and improve in the next project To increase profit in projects, create a project budget before the project begins. In the budget, enumerate all expected expenses and assign possible cost margins. Normally a 15% margin on the budget is assigned to cater for unknown expenses. The next step is to manage the cost of items by adding the expense for each item under the project. Using online employee management system tools, you will add costs of items, including the quantities, and the system will automatically calculate the cost. Moreover, add services expenses, such as labor, including the internal labor cost and the outsourced labor. As the project continues, keep track of revenue by evaluating the expenses reports and the effect on profit margin. The next step is to eliminate expenses that were unaccounted for in the project budget. Finally, you my review the project revenue and profit margins and make better project budgets in the future.

How to cut cost in projects

Steps to cut cost in projects Reduce project timeline Record expenses in all tasks Evaluate project expense reports regularly Reduce waste of items and services in the project Reduce recurrent expenses. Each project comes with a timeline and extending project deadlines causes increase in project cost. Therefore, sticking to project timeline is a vital step that helps to cut cost in projects. The next way to reduce project costs is to keep a detailed record of all expenses under tasks. The expenses may include items, labor and recurrent expense. These expenses may be managed using online project management tools. Using the tools, the project manager gets expense reports, which may be evaluated periodically and ascertained to be within the project budget. Furthermore, recurrent expenses such as transport and office bills add to the overall cost of projects. Thus, cutting project cost involves timeline, record keeping and constant evaluation of the project.

What is the best employee management system online?

Best employee management system online is Finclock. The software provides all people in your organization with tools to improve profits and productivity. Each team member can login to their account and view the work assigned by the admin or employee manager. The team members will cooperate in the employee through progress reports. The people who need help can make requests and the recipients get instant SMS. The employee management system comes as a fully web based system, providing the tools for remote employee management. The employee management system has employee planning, task management and employee cost management tools. These tools are important when running multiple teams which eliminates the need to make manual records in teams. The features also include documentation tools, such as employee leaves, costs and items. Furthermore, the employee budget is used as a reference when calculating profits in a employee. The managers can delegate certain tasks to team member by creating a task, adding work description and assigning a timeline for the task. Consequently, the team works towards the same goals, which improves their performance. Furthermore periodic reports help the company owners to review the job description for the team, whereby the best performing teams may be rewarded. [...]

What are the best online employee management tools for company?

Finclock offers the best online employee management software tools for company with many workers. Each team member gets an online account with a username and password when they are invited by the company admin. The workers in a company are assigned duties and instant SMS are sent, indicating the start date of the task. This way, the workers are aware of the work requirements and can proceed to complete the work. As they progress with the work, they can update status of their task and the team leader or project manager gets instant alert. Furthermore, the requests involved in a project are automatically sent via SMS, enabling the team member to respond instantly to requests. This method improves communication in the company. Moreover, the team members’ actions are aligned to the project goals, including timeline, budget and the quality requirements. Thus, the best online project management tools for a company are provided in Finclock, helping the company to increase profit and productivity. Consequently, companies using online project management tools can grow and scale their operations.

What is the best employee management software for teams?

Finclock is the best employee management software for teams of all sizes. The team members are invited and given online accounts, whereby they can login and view the work assigned. The team members use the work reporting tools to give progress of the tasks. Furthermore, the team members can make requests as they progress with the work assigned. The requests include employee information, financial and item requests. Furthermore, the team is provided with instant alerts via SMS when a request, report or employee update in their work is made. The team members can update the stage of a task, such as planned, active and completed. Furthermore, the employee manager can change the status of the employee after evaluating the work progress. These PMS tools helps the team to efficiently conduct the work and make timely reports. Thus, Finclock is the best employee management software for teams of all sizes.

What are the stages of project management?

Project planning Project cost management Project reporting Project performance Revenue reports there are 5 main stages of project management. The stages in project management begins with creating a project plan, whereby the work requirements are divided into the subsequent tasks and assigned a start and end date. At this stage, the work description is included, whereby a project manager is assigned and expected to manage the project progress. The second stage is project cost management which involves defining the financial requirements in a project. The project manager creates a budget for each task and the cumulative budget is automatically calculated by the project management software. As the project progresses, the items used are reported online and the project expense reports generated, in comparison to the initial budget. This step requires the knowledge of the item prices, which is initially set when creating the company account for project management online. The third stage in project management is project reporting, whereby each team member makes work report on regular basis. The reports include the tasks performed, the expenses in the task and the overall comments. At this point, online project reporting tools helps you to attach files showing the work done. Once the project [...]

What is the best software for employee management?

The best software for employee management is Finclock based on the main tools required for improving productivity and reducing cost of operations in a business. Finclock offers  work planning tools online, task management,  work cost management and team communication. The choice for a  work management software depends on the needs of a business, whereby each business seek to increase profits in  works. Using Finclock, the company can automatically remove the unnecessary expenses through effective cost management. Furthermore, the company can eliminate the unproductive tasks in a  work. Another important tool is time tracking in a  work, whereby Finclock helps a business to create  work plan with deadline for the  work, milestones and tasks. Hence, the best software for  work management is Finclock.

What does online employee management software do?

Staff register Job description Shift management Leave management Time and attendance management Task management Work reporting Manage workers online Team communication Work performance reports Online employee management software helps companies and organizations in the following ways, whereby multiple aspects of staff-related matters are taken care of. You can manage workers online in a company using Finclock employee project management software tools. The software tools include a staff register, which records and updates the employee details, such as name, job ID, tax information, social security details, job description, and history. The staff management software also provides you with the tools for the job description, whereby you can create job categories in your organization. These job categories may include manager, supervisor, accountant, and support staff among others. Another important tool in online employee management software is shift management, whereby you can create unlimited shifts and assign the shifts to people in your organization. Furthermore, you can change the shifts and get history reports for each team member. Notably, each company may have variable shift management needs, which necessitates custom shift management software. In this case, the Finclock team can customize the shift management modules to fit the needs of the company. Leave management is [...]

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