Companies that use a time tracker to control work time and earned money - increase the productivity of their team. Using time trackers, it is convenient to calculate the salary of employees, but this function is implemented in different way in each service. The best option for a company that wants to conduct business clearly - is a time tracker with a history of rates.
1. Advantages of a time tracker with a history of rates
2. Saving the history of previous rates. How does it work?
3. Why do you need to save rate history
4. Functional time tracker for team and freelancers
5. What makes Checkiant so cool?
Advantages of a time tracker with a history of rates
Preserving the history of rates is not at all popular time trackers. For example, if you change the rates in the DeskTime tracker, all your previous rates will also change to the new value. A review of reports in this case will not help to track the dynamics of employee growth, and the reports for previous periods lose their meaning.
Saving the history of previous rates. How does it work?
When you start working with the Checkiant time tracker, you create clients, projects, and assign rates to yourself or your subordinates. When creating a rate, you must set its starting date. Checkiant allows you to change the rate for each employee separately. This change can be made at any time: at the beginning of last week, today, or a month later.
Why do you need to save rate history
Managers set the rate (most often - hourly salary) at the time tracker settings for each employee and then the service automatically counts his earnings. When an employee improves his skills, it is logical to increase his payment. When changing the rate, our time tracker saves all previous data and due to this, the employee himself, his manager or the client can at any time view the report about his work and all information about the changes in salary. A time tracker that saves previous rates is more flexible and convenient for creating clear reports.
Having reports, you can control (monitor) your income, as well as the earnings of a particular employee. At the top of the settings panel, you need to set the grouping: by intervals, days, weeks or months, and then you will see the worked hours of of the subordinate and all his rates for a certain period.
Functional time tracker for team and freelancers
In our blog, we talked a lot about important Checkiant features. Previously, we described the property of syncing active browser tabs. And now we are considering another feature - rates history saving. In addition, now is available to split access to rate management on:
1) view your own rate in the timer/report;
2) managing all rates, including your own.
1. a manager will have a button to hide rates on the subordinate's page.
2. to view the earned amount for the day, you need to click on the eye.
3. system of hourly/monthly rates has been implement
4. reports with two types of rates have been improved.
What makes Checkiant so cool?
The fact that we have not only hourly rates (as in all time trackers), but also monthly. What is their essence? A user who has access to rate management can set a monthly rate for himself and his subordinates, for example, $ 1000. In the report, you can indicate how many working hours there were during the specified period, for example, 100 hours. So in this month, hourly pay = $ 10/hour. In another month (with a different number of hours), the hourly rate may be different.
Of course, a more standard version of the rate - hourly - is also available.
Thus, our Checkiant time tracker saves previous rates and all past data for old rates. You can easily change the hourly payment, knowing that all the information you need will be saved in the previous reports.