Tag: Time

  • Top 10 Time and Attendance Software Companies

    Top 10 Time and Attendance Software Companies

    Discover the top time and attendance software companies that streamline employee scheduling and payroll processes. Explore key features and benefits to find the perfect solution for your business needs.

    Top Time and Attendance Software Companies for your Businesses

    Managing employee schedules and attendance is crucial for any business. That’s where time and attendance software companies come into play. These tools not only help track hours worked but also simplify payroll, help with compliance, and improve overall efficiency. In this article, we’ll explore the top companies that provide these essential software solutions.

    What is Time and Attendance Software?

    Time and attendance software is a digital tool designed to monitor when employees arrive at and leave work. It can track working hours, overtime, vacation days, and even sick leave.

    Many of these systems are cloud-based, making them accessible from anywhere, which is particularly useful if you have remote employees.

    Benefits of Time and Attendance Software

    1. Accuracy: Automated tracking reduces human errors in payroll.
    2. Time-saving: Speeds up the payroll process, allowing for timely payments.
    3. Compliance: Helps maintain legal requirements for records and payroll.
    4. Flexibility: Many platforms offer different features that cater to various business needs.

    Top 10 Time and Attendance Software Companies

    Now that you know the basics, let’s take a look at some of the top time and attendance software companies in the market.

    1. ADP

    ADP is a major player with a long history in payroll services. Their time and attendance software seamlessly integrates with their payroll solutions.

    • Key Features:
      • Time tracking through mobile and web apps
      • Automated compliance updates
      • Reporting features to analyze employee data

    ADP is particularly appealing for larger companies, given their scalability and extensive support options.

    2. Kissflow

    This company Kissflow combines multiple business processes including project management, document management, and, of course, time and attendance.

    • Key Features:
      • Easy time tracking through various devices
      • Customizable workflows to fit unique needs
      • Strong collaboration tools among teams

    Kissflow is suitable for businesses that want an all-in-one solution that includes time management without compromising on other functionalities.

    3. Toggl Track

    Toggl Track is perfect for small businesses and freelancers who need straightforward time tracking without the frills.

    • Key Features:
      • Intuitive interface that is simple to navigate
      • Excellent reporting capabilities
      • Integration with numerous business tools

    Their visual reports are user-friendly, helping users understand how their time is spent across projects.

    4. BambooHR

    This software targets smaller to medium-sized businesses looking for a human resources (HR)-focused solution. BambooHR offers a well-rounded suite that includes time tracking and reporting.

    • Key Features:
      • Simple PTO tracking
      • Customizable employee profiles
      • Dedicated customer support

    BambooHR is particularly appealing to companies that value a combination of HR and time tracking features in a user-friendly format.

    5. When I Work

    When I Work focuses primarily on employee scheduling but also provides effective time tracking offers. This software helps online scheduling relatively hassle-free.

    • Key Features:
      • Shift swapping and notifications
      • Mobile access for both employees and managers
      • Time clock feature for on-the-go workers

    Their visuals help with keeping schedules organized and ensuring everyone knows when they’re supposed to be working.

    6. TimeClock Plus

    TimeClock Plus specializes in time tracking, scheduling, and attendance for various industries. It’s known for its flexible pricing plans.

    • Key Features:

    This software works particularly well for businesses that require a tailored approach to their timekeeping needs.

    7. TSheets by QuickBooks

    TSheets, now part of QuickBooks, is a great option for businesses already using QuickBooks for their accounting needs. The integration is smooth.

    • Key Features:
      • Easy mobile tracking
      • Detailed time reports and analytics
      • Scheduling tool

    The platform’s blend of functions can save significant time during payroll cycles.

    8. Revel Systems

    Focused more on businesses in sports and retail, Revel Systems delivers a smart POS and time-tracking solution.

    • Key Features:
      • Employee clock-in/out capabilities
      • Shift scheduling tool
      • Analytics dashboard

    Revel is suitable for businesses that need robust POS functions paired with time tracking.

    9. Replicon

    This company Replicon is known for comprehensive time tracking and project management features that cater to various organization sizes.

    • Key Features:
      • Automated time tracking
      • Integration with APIs
      • Compliance features for labor laws

    Replicon provides tools that are particularly impressive for project-oriented businesses that need precision in tracking hours and resource allocation.

    10. Zoho People

    This company Zoho People integrates well with other Zoho applications offering a broader solution for your business needs.

    • Key Features:
      • Employee self-service portals
      • Comprehensive attendance reporting
      • Task automation for approvals

    Zoho People also cater to businesses of all sizes, enhancing HR processes beyond time attendance.

    Conclusion

    Finding the right time and attendance software company is essential for optimizing operations. Each of these time and attendance software companies offers unique features. Consider how each one aligns with your team’s needs. Investing in one of these solutions can enhance efficiency, reduce errors, and simplify payroll processes. Whether your business is small or large, there’s a solution for you! For more insights, don’t forget to check additional sources such as G2.com and Capterra.

  • Essential Guide to HRIS Time and Attendance Solutions

    Essential Guide to HRIS Time and Attendance Solutions

    Discover the essential aspects of HRIS time and attendance systems in this comprehensive guide. Learn about their benefits, key features, common challenges, and tips for successful implementation, helping your business streamline time tracking and enhance productivity.

    Understanding HRIS Time and Attendance

    When it comes to managing a business, keeping track of employee hours is key. Many organizations now use Human Resource Information Systems (HRIS) that include time and attendance features to simplify this tricky task. But what exactly is HRIS time and attendance, and why is it becoming so popular? Let’s break it down!

    What is HRIS?

    HRIS stands for Human Resource Information System. It’s a software solution that helps businesses manage employee data, including personal information, payroll, benefits, and time tracking. With the right HRIS, all of this information can be accessed easily from one platform.

    Importance of Time and Attendance Tracking

    Accurate time tracking is essential for several reasons:

    • Payroll Accuracy: Ensures employees are paid for the hours they worked.
    • Legal Compliance: Keeps businesses in line with labor regulations to avoid fines.
    • Productivity Insights: Offers visibility into employee patterns and workload efficiency.

    Benefits of HRIS Time and Attendance Systems

    Investing in an HRIS time and attendance module comes with numerous benefits. Here are some of them:

    1. Efficiency Boost: Automation cuts down the time spent on manual data entry.
    2. Data Accuracy: Automated systems reduce human errors, ensuring better records.
    3. Real-Time Data: Managers can monitor attendance instantly, making decision-making faster.
    4. Custom Reports: Organizations can generate specific reports on attendance, helping with workforce analytics.

    According to recent surveys, around 40% of businesses report increased efficiency with automated time tracking systems compared to manual tracking. This could lead to a workflow revolution in many companies!

    Key Features to Look For in an HRIS Time and Attendance System

    Not all HRIS systems are created equal, especially regarding time and attendance features. The best options usually include:

    • Time Tracking: Employees should easily clock in and out through a mobile app or web page.
    • Leave Management: A module to request and track vacation and sick days.
    • Overtime Calculation: Automatic tracking of hours for better payroll accuracy.
    • Reporting Tools: Features that allow managers to analyze attendance trends.

    Common Challenges in Managing Time and Attendance

    Despite all the benefits, HRIS systems aren’t without their challenges. Here are some common hurdles:

    • Implementation Issues: Setting up new technology can be daunting.
    • Employee Resistance: Some team members may be hesitant to adopt new systems.
    • Data Privacy: Keeping sensitive information safe and compliant with regulations like GDPR is crucial.

    Managing these challenges often requires a strategic approach. Engaging your employees in the process can significantly improve acceptance.

    Tips for Successful Implementation

    So, how can you ensure a smooth rollout of an HRIS time and attendance system? Here are a few tips:

    1. Plan Well: Outline your goals and what you seek to achieve with the new system.
    2. Train Employees: Provide sufficient training to enable employees to understand and use the system.
    3. Start Small: If possible, roll out the system in phases to make adjustments as needed.
    4. Gather Feedback: Ask employees for their feedback post-implementation to improve the experience.

    The Future of Time and Attendance Tracking

    Looking ahead, technology like Artificial Intelligence (AI) and Machine Learning (ML) will continue to enhance time and attendance systems. These advancements may help in predicting attendance trends, thereby allowing managers to act proactively.

    “A good future for HR involves technologies that can learn and adapt to our workforce’s needs.” – This quote exemplifies the evolving role of HRIS in the modern workplace.

    Real-Life HRIS-Time and Attendance Success Stories

    Several organizations have reaped tremendous benefits from HPIS time and attendance features. Here are a few:

    • SAP SuccessFactors: This software helped a major health organization cut labor costs by 25%. Streamlined reporting allowed them to monitor efficiency in real-time.
    • ADP Workforce Now: Another company utilized this system to reduce payroll errors by 20%. Accurate tracking led to happier employees with fewer disputes.

    These stories highlight the significant impact that effective time and attendance tracking can have on productivity and employee satisfaction.

    Conclusion

    HRIS time and attendance systems are tools of the future, helping businesses streamline their time tracking processes. They offer a range of features that improve efficiency and accuracy.

    While the implementation may pose challenges, effective planning, and involvement can ensure a smooth transition. As technology advances, embracing these innovations will only become more critical for successful workforce management.

    If you want to learn more about optimizing your HR practices, check out resources like SHRM or HR Dive. There’s a lot of useful information out there to explore!

    Frequently Asked Questions (FAQs)

    What is HRIS time and attendance?

    HRIS time and attendance refers to the features within Human Resource Information Systems that allow businesses to track employee hours worked, manage attendance, and ensure accurate payroll processing.

    Why is tracking time and attendance important?

    Tracking time and attendance is crucial for maintaining payroll accuracy, ensuring legal compliance with labor laws, and gaining insights into workforce productivity.

    What are the benefits of using an HRIS for time and attendance?

    Some benefits include increased efficiency through automation, improved data accuracy, and the ability for managers to access real-time attendance information.

    What key features should I look for in an HRIS time and attendance system?

    Look for features such as time tracking capabilities, leave management, automatic overtime calculations, and robust reporting tools.

    What challenges can arise during the implementation of an HRIS system?

    Challenges may include difficulties with technology implementation, employee resistance to new systems, and maintaining data privacy and compliance.

    How can businesses ensure successful implementation of an HRIS time and attendance system?

    Successful implementation can be achieved by planning thoroughly, providing employee training, starting with a phased rollout, and gathering feedback for continuous improvement.

    What is the future of HRIS time and attendance tracking?

    The future includes advancements in Artificial Intelligence (AI) and Machine Learning (ML), which will enhance the capabilities of time and attendance systems, allowing for predictive insights into workforce trends.

    Where can I find more resources to learn about HR practices?

    You can explore additional resources through organizations like SHRM and HR Dive for valuable information on optimizing HR practices.

  • Student Success Time Management Importance Essay

    Student Success Time Management Importance Essay

    Student Success Time Management, What is the Importance for it with Essay? You’ll Understand; Many people face trouble With time management as we all know, In many cases, lack of time is there. Someone has to finish his a task is suitable to the lack of prioritizing the task. Often people tend to have trouble managing time because they try to manage too many tasks at a time; and, also many people just waste their time doing nothing just because of their pure laziness. Off lately time is becoming one of the most valuable resources; which waste by many people because they don’t know how to manage time.

    Importance Essay got Student Success in Time Management

    Many people in life do things that have no value to time. To prove this, walking through a dorm on a weeknight several students can find sitting around; and playing video games when they have a paper or an assignment due the very next day; and also can find employees sitting around the office playing solitaire; while the hours are meant to use to get productive work done. It observes that for many, time may not be of any great significance but to others, it lies of extreme importance. In my eye the constructive use of time is beneficial and that in any aspect of life one shall realize; the significance of time and must measure the value of every minute and each second.

    Speaking of the use of personal and professional use of the time I find that; the use of both in an appropriate way is important. Personal, as well as professional goals and objectives, achieve or un-achieve on the grounds of how one uses their skills. The results of one’s efforts directly attribute to the time management skills that; they develop and often employ in many cases. Speaking of each in sequence I’d discuss the following in detail. Target goals ahead are always good to plan the future; or, say before the assigned time to achieve the maximum output. Goal setting, goal setting is where the scheduled target map out.

    Essay part 01;

    It shall preplan to take up the top priorities and to schedule the major pieces of thought in advance; making good use of time effectively and smartly, Delegating or getting rid of the clutter, achieving a balance is equally important. Punctuality is an important character in the world that we live in; people need to make well use of the time that they have because time is scarce. When we talk of time management and the importance of time management for students; punctuality comes at the top of the list. Realizing the value of time and making good use of its essence.

    All the above can consider being the skills of effective time management. Let us move to the real topic of discussion. The above was important to have been discussed before the actual discussion; because I disclose all that I had in my mind and at the same time to bring forth the matters of discussion in sequence. There is a lot to say on that as it is a vast topic; let’s begin with the real key to effective time management; and how it relies on the focus of their goals by the individuals; as well as the choices these individuals make for their achievements.

    Essay part 02;

    The website of Counseling and Development Centre (CDC) 1999 March 16th stated the summary of time management principles and addressed the choices of how to best make use of your time. Coming to know what your goals are and what time is available to you helps you decide on good use of time and self-management. My day begins at 6:00 am every morning, I rush to have a shower, say my prayers, and have my breakfast at 7:00 am.

    Next, I have to catch my bus at the bus station; from home to the bus station it takes about 10 minutes or more. Then on it takes 45 minutes for me to get to college. in the meantime, as I travel I’d take a piece of reading material to make good use of the travel time daily (it can be a magazine, news article, a comic, or some sports update. I like listening to the radio too so often when I am not reading on the bus I’d probably listen to a radio programmed to pass time out. I’m at college from about 8:00 am to 8:10 am.

    Essay part 03;

    This certainly is when I’d sit back and relax or engage in a discussion with friends till it’s time for the class. At 8:30 am sharp the class begins and so does my actual day. I spend time studying and keeping myself engaged in multiple activities round the clock, utilizing each jiffy effectively. This includes all from making use of the computer labs to reading books at the college library. I come home after college watch T.V. hang out with friends over a pot of coffee at Starbucks or others go for a walk and sit for some net surfing. Late at night, I’d sit to study have dinner, and sleep and so the next day begins.

    Thus I need to draw a line at the end to the point that the most effective way of utilizing time is its effective use. I’m recalled by what I once read on “If Time Is Money, No Wonder I’m Not Rich” by Mary L. Sprouse that offers an introduction to financial planning, a guide to investments; and suggestions for applying Time Management Principles to Managing your Money. And this can only be done by getting serious about the ground realities of life, accepting the challenges, and working hard on targets and goals provided.

    Essay part 04;

    This will help attain success in life very easily, we use basic thinking skills in everyday life with less difficulty. Time is very crucial; people need to make the best of the time in their possession as by doing so a lot can achieve in their lives. Time being a limited resource means that a minute lost is hard to return; life is short people need to make the best of it by making every minute count, by doing so most people can achieve their goals in life.

    Students should generate a habit of utilizing time more efficiently and effectively. They are the new generation of the developed world therefore with the punctual character they could be unstoppable in the world. They can accomplish a lot in life therefore the world will be a better place. Time management is a skill that can learn; and, when done so can make life less stressful and productive. Everyone has different tasks assigned that need to be done differently.

    Student Success Time Management Importance Essay Image
    Student Success Time Management Importance Essay; Image by Mohamed Hassan from Pixabay.

    References; The Importance of Time Management for Students. Retrieved from https://www.ukessays.com/essays/education/time-management-for-students.php?vref=1

  • How do you Understand the Time Value of Money in Cost of Capital?

    What is the Time Value of Money? If an individual behaves rationally, then he would not equate money in hand today with the same value a year from now. In fact, he would prefer to receive today than receive after one year. The time value of money or TVM is a basic financial concept that holds that money in the present is worth more than the same sum of money to be received in the future. The time value of money is the greater benefit of receiving money now rather than later. It is founded on time preference. How do you Understand the Time Value of Money in Cost of Capital?

    Here is explained the Time Value of Money in Cost of Capital.

    Time value of money (TVM) is the idea that money that is available at the present time is worth more than the same amount in the future, due to its potential earning capacity. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received. The time value of money explains why interest is paid or earned: Interest, whether it is on a bank deposit or debt, compensates the depositor or lender for the time value of money. It also underlies investment. Investors are willing to forgo spending their money now only if they expect a favorable return on their investment in the future, such that the increased value to be available later is sufficiently high to offset the preference to have money now.

    The reasons cited by him for preferring to have the money today include:

    • The uncertainty of receiving the money later.
    • Preference for consumption today.
    • Loss of investment opportunities, and.
    • The loss in value because of inflation.

    The last two reasons are the most sensible ones for looking at the time value of money. There is a ‘risk-free rate of return’ (also called the time preference rate) which is used to compensate for the loss of not being able to invest in any other place. To this, a ‘risk premium’ is added to compensate for the uncertainty of receiving the cash flows.

    The required rate of return = Risk-free rate + Risk premium

    The risk-free rate compensates for the opportunity lost and the risk premium compensates for risk. It can also be called as the ‘opportunity cost of capital’ for investments of comparable risk. To calculate how the firm is going to benefit from the project we need to calculate whether the firm is earning the required rate of return or not. But the problem is that the projects would have different time frames of giving returns. One project may be giving returns in just two months, another may take two years to start yielding returns.

    If both the projects are offering the same %age of returns when they start giving returns, one which gives the earnings earlier is preferred. This is a simple case and is easy to solve where both the projects require the same capital investment, but what if the projects required different investments and would give returns over a different period of time? How do we compare them? The solution is not that simple. What we do in this case is bring down the returns of both the projects to the present value and then compare.

    Before we learn about present values, we have to first understand future value.

    Future Value:

    Future value is the amount that is obtained by enhancing the value of a present payment or a series of payments at the given rate of interest to reflect the time value of money. If we are getting a return of 10 % in one year what is the return we are going to get in two years? 20 %, right. What about the return on 10 % that you are going to get at the end of one year? If we also take that into consideration the interest that we get on this 10 % then we get a return of 10 + 1 = 11 % in the second year making for a total return of 21 %. This is the same as the compound value calculations that you must have learned earlier.

    Future Value = (Investment or Present Value) * (1 + Interest) No. of time Periods

    The compound values can be calculated on a yearly basis, or on a half-yearly basis, or on a monthly basis or on a continuous basis or on any other basis you may so desire. This is because the formula takes into consideration a specific time period and the interest rate for that time period only. To calculate these values would be very tedious and would require scientific calculators. To ease our jobs there are tables developed which can take care of the interest factor calculations so that our formulas can be written as:

    Future Value = (Investment or Present Value) * (Future Value Interest Factor n, i)

    where n = no of time periods and i = is the interest rate.

    Present Value:

    When a future payment or series of payments are discounted at the given rate of interest up to the present date to reflect the time value of money, the resulting value is called present value. When we solve for the present value, instead of compounding the cash flows to the future, we discount the future cash flows to the present value to match with the investments that we are making today. Bringing the values to present serves two purposes:

    • The comparison between the projects become easier as the values of returns of both areas of today, and.
    • We can compare the earnings from the future with the investment we are making today to get an idea of whether we are making any profit from the investment or not.

    For calculating the present value we need two things, one, the discount rate (or the opportunity cost of capital) and two, the formula. The present value of a lump sum is just the reverse of the formula of the compound value of the lump sum:

    Present Value = Feature Value/(1 + i)n

    Or to use the tables the change would be:

    • Present Value = Future Value * (Present Value Interest Factor n, i).
    • where n = no of time periods and i is the interest rate.

    Perpetuity:

    If the annuity is expected to go on forever then it is called perpetuity and then the above formula reduces to:

    Present Value= A/i

    Perpetuities are not very common in financial decision making as no project is expected to last forever but there could be a few instances where the returns are expected to be for a long indeterminable period. Especially when calculating the cost of equity perpetuity concept is very useful.

    For growing perpetuity, the formula changes to:

    Present Value= A/i – g

    All these calculations take into consideration that the cash flow is coming at the end of the period.

    Present Value of Future Money Formula:

    The formula can also be used to calculate the present value of money to be received in the future. You simply divide the future value rather than multiplying the present value. This can be helpful in considering two varying present and future amounts. In our original example, we considered the options of someone paying your $1,000 today versus $1,100 a year from now. If you could earn 5% on investing the money now, and wanted to know what present value would equal the future value of $1,100 – or how much money you would need in hand now in order to have $1,100 a year from now – the formula would be as follows:

    PV = $1,100 / (1 + (5% / 1) ^ (1 x 1) = $1,047

    The calculation above shows you that, with an available return of 5% annually, you would need to receive $1,047 in the present to equal the future value of $1,100 to be received a year from now. To make things easy for you, there are a number of online calculators to figure the future value or present value of money.

    Time value of money principle also applies when comparing the worth of money to be received in future and the worth of money to be received in further future. Time value of money is the concept that the value of a dollar to be received in future is less than the value of a dollar on hand today. One reason is that money received today can be invested thus generating more money. Another reason is that when a person opts to receive a sum of money in future rather than today, he is effectively lending the money and there are risks involved in lending such as default risk and inflation.

  • Meaning, Definition, Nature, and Benefits of Time Management

    Meaning, Definition, Nature, and Benefits of Time Management

    What is Means of Time Management? Managing time means investing time to get what you decide you want out of life, including what you want out of the venture created. This definition assumes that the businessmen know what they want out of life-goal-oriented action. It implies that the businessmen have focused values about the venture, work, family, social activities, possessions, and themselves. Time Management refers to making the best use of time as time is always limited. And refers to managing time effectively so that the right time is allocated to the right activity. Effective time management allows individuals to assign specific time slots to activities as per their importance. So, what we discuss the topic; Meaning, Definition, Nature, and Benefits of Time Management.

    The Concept of Management is explained in Time Management: Meaning, Definition, Nature, and Benefits.

    It is rightly said, “Time and Tide wait for none”. An individual should understand the value of time for him to succeed in all aspects of life. People who waste time are the ones who fail to create an identity of their own. In this article we discuss; Meaning and Definition of Time Management, Defining the Task and Priority Setting, Nature of Time Management, Benefits of Time Management, and also, Obstacles to Effective Time Management. Time management is not a way to make you work harder and longer, but a means to help you work smarter to accomplish your work more easily and rapidly.

    Meaning and Definition of Time Management:

    Time is the most precious yet most limited resource of the businessmen. It is a unique quantity-the businessman cannot store it, rent it, hire it, or buy it. With its supply being inelastic, it is totally perishable and irreplaceable. Everything requires it and it passes at the same rate for everyone. While important throughout the life of the venture, time is particularly critical at start-up and during growth and expansion of the venture. No matter what the businessman does, today’s ration of time is 24 hours, and yesterday’s time is already history. One of the most frequently mentioned problems of businessmen is encapsulated in the phrase, “If I only had more time…” This concern is a common problem among all busy people. It seems that no one has enough time.

    Why does the problem of time management exist for the businessman? It is basically due to a lack of information and a lack of motivation. The businessman must want to manage his or her time effectively and then spend some time to acquire the information necessary to accomplish this. Effective time management starts with an understanding of some benefits that will result. Knowing the art of time management will help a businessman to become productive for anything he does. Determining the goal or purpose will help in setting up the allotted time for everything. Following a schedule is what works for many, but others may need intensive guidelines such as recording all activities including the flow of thought within a week.

    Such a technique will help in recognizing and determining the productive hours and the wasted time, as well. Paying attention to negative thoughts and engagement to unproductive activities and conversations are the usual causes, which make people fail in finishing the necessary things that they have to do in a certain time frame. Making to-do lists will also help, especially if the list will enumerate the starting and end time of every activity. It is also vital that a person gives allotted time for all the activities and meetings that will help pave the way to his success. It is also essential to plan ahead of time all activities within the day.

    In this way, there is a guarantee that everything will run smoothly, and possible delays can be easily adjusted. It will help to ask the cooperation of other people around so that disturbances will be limited. Aside from discipline, it is also vital to develop perseverance in order to get all the work done according to schedule. Procrastination also includes a cheat time, in which a person allows interruptions or breaks, which will supply and culminate another inspiration to keep things going. It will help a person to focus and concentrate by blocking distractions while at work, such as limitations in opening social networking sites. At the end of the day, it is vital to evaluate all activities that will help in identifying whether the schedule is followed according to the given goals.

    Defining the Task and Priority Setting:

    In organizational time management we can delineate the overall tasks in the form of the following:

    • Urgent and very important matters: these are organizational matters or activities that require immediate concern or decision-making. They are regarded as urgent because they basically influence the overall performance of an organization.
    • Less urgent and very important matters: these are the activities that are crucial to the organization’s performance but are dealt with over a wider range of time without any urgency.
    • Urgent and less important matters: these are activities that are not crucial to the organization but they require immediate concern. They are seen next to those activities, which are both urgent and more important.
    • Less urgent and less important matters: these are organization matters or activities that require the least attention both in urgency and importance of all the organizational activities. They are dealt with after all the above activities are executed.

    Characteristics or Nature of Time Management:

    The following Characteristics or Nature of Time Management below are:

    • Effective Planning for the Organization.
    • Set Goals and Objectives for Require.
    • Setting deadlines for work.
    • The delegation of responsibilities for management.
    • Prioritizing activities as per their Opinions, and.
    • Right time on the right activity.

    Now, Explain each one;

    • Effective Planning for the Organization: Plan your day well in advance. Prepare a To Do List or a “TASK PLAN”. Jot down the important activities that need to be done in a single day against the time that should be allocated to each activity. High Priority work should come on top followed by those which do not need much of your importance at the moment. Complete pending tasks one by one. Do not begin fresh work unless you have finished your previous task. Tick the ones you have already completed. Ensure you finish the tasks within the stipulated time frame.
    • Set Goals and Objectives for Require: Working without goals and targets in an organization would be similar to a situation where the captain of the ship loses his way in the sea. Yes, you would be lost. Set targets for yourself and make sure they are real ones and achievable.
    • Setting deadlines for work: Set deadlines for yourself and strive hard to complete tasks ahead of the deadlines. Do not wait for your superiors to ask you every time. Learn to take ownership of the work. One person who can best set the deadlines is you yourself. Ask yourself how much time needs to be devoted to a particular task and for how many days. Use a planner to mark the important dates against the set deadlines.
    • The delegation of responsibilities for management: Learn to say “NO” at the workplace. Don’t do everything on your own. There are other people as well. One should not accept something which he knows is difficult for him. The roles and responsibilities must be delegated as per interest and specialization of employees for them to finish tasks within deadlines. A person who does not have knowledge about something needs more time than someone who knows the work well.
    • Prioritizing activities as per their Opinions: Prioritize the tasks as per their importance and urgency. Know the difference between important and urgent work. Identify which tasks should be done within a day, which all should be done within a month and so on. Tasks which are most important should be done earlier.
    • Right time on the right activity: Develop the habit of doing the right thing at the right time. Work done at the wrong time is not of much use. Don’t waste a complete day on something which can be done in an hour or so. Also, keep some time separate for your personal calls or checking updates on Facebook or Twitter. After all human being is not a machine.

    Benefits of Time Management:

    The following Benefits of Time Management below are:

    • Increased Productivity: Reflects the fact that there is always enough time to accomplish the most important things. Through a conscious effort and increased focus, the businessman can determine what is most important to the success and growth of the venture and focus on those things rather than on less important or more enjoyable things; the businessman must learn to focus on the majors, not the minors.
    • Increased job satisfaction: Getting more important things done and being more successful in helping the venture grow will give the businessmen more job satisfaction.
    • Improved interpersonal relations: There will be an improvement in the esprit de corps of the venture as there are less time pressure, better results, and more job satisfaction for the businessmen. While total time spent with other individuals in the company may in fact decrease, the actual time will be of better quality as the businessmen are free to be involved with interrelations. Also, more time becomes available for the businessmen to spend with family and friends.
    • Reduced time anxiety and tension: Worry, guilt, and other emotions tend to reduce mental effectiveness and efficiency so that decision making is less effective. Effective time management reduces concerns, stress, and anxieties, allowing better decisions to be made in a shorter time.
    • Better health: All of the above benefits culminate in this. Large amounts of energy and persistence are needed for the growth as well as for the start of a venture. High energy levels and long working hours require good health. Poor control of time often leads to mental and physical fatigue, poor eating habits, and no exercise. If there is one thing the businessman needs to help the venture grow, it is good health. A good health is a by-product of good time management. On a personal level, you will certainly feel healthier, more energetic, and in a generally better mood.
    • Efficient: You will be more efficient in serving your district and will be able to support your clubs better.
    • Successful: You will achieve greater success in your very important, and highly visible, role as a Lions Leader.

    Obstacles to effective time management:

    There are a lot of things that make it difficult for us to manage our time effectively. Let’s consider some of the most common ones, and see if they apply to us:

    • Organized: Avoid keeping stacks of file and heaps of paper at your workstation. Throw what all you don’t need. Put important documents in folders. Keep the files in their respective drawers with labels on top of each file. It saves time which goes on unnecessary searching.
    • Don’t misuse time: Do not kill time by loitering or gossiping around. Concentrate on your work and finish assignments on time. Remember your organization is not paying you for playing games on computer or peeping into other’s cubicles. First, complete your work and then do whatever you feel like doing. Don’t wait till the last moment.
    • Unclear objectives: It’s hard to hit a target with your eyes closed, and it’s just as hard to accomplish something when you aren’t exactly clear about what you want to achieve.
    • Disorganization: It’s easy to see when your desk is too messy, but sometimes you have to step back and ask yourself if you are taking an organized approach in completing all of your tasks.
    • Inability to say “no”: We all want to be as helpful as we can when others need us, but this can mean taking time away from other priorities to do something we may not have planned.
    • Interruptions: Many times we are in the middle of accomplishing something really important and the telephone rings. These calls can not only take you away from your task but sometimes they interrupt your train of thought and you can’t return to where you were without retracing your steps.
    • Other interruptions: We all like to visit with others, but conversations at inappropriate times can cost us time when we have to stop what we are doing and redirect ourselves from our plans.
    • Periods of inactivity: As much as we think we are busy, there are times in our day when we are not really doing anything. Recognizing and making use of these times can have a positive effect on our efforts.
    • Too many things at once: Many of our tasks are not routines. They require concentration to detail. When we are attempting to do too many different things at one time, each individual task suffers as a result.
    • Stress and fatigue: Everyone experiences stress from time to time, and sometimes we actually operate a little better when there is some level of stress. Too much stress, on the other hand, causes our work to suffer and wears us down physically and mentally. Dealing with stress is an important part of time management.
    • All work and no play: Most successful people know how to balance work and play. When work takes over your life, you not only give your body little time to re-energize, but you may end up sacrificing the really important things in life like family and friends.

    Meaning Definition Nature and Benefits of Time Management
    Meaning, Definition, Nature, and Benefits of Time Management. Image credit from ilearnlot.com.

    Reference:

    https://www.managementstudyguide.com/time-management.htm

    https://www.ukessays.com/essays/english-language/benefits-of-time-management-english-language-essay.php