Posted on 7 December, 2017 | 1.15 min
Working in a startup is exciting, to say the least. Every day is different and as a startup business owner, you are faced with many demanding aspects of running a startup. There’s also a sense of accomplishment, living your dream and creating a fun work environment where you can go to work wearing your favourite super-hero t-shirt!
As your business grows, you’ll rely more and more on employees (and probably contractors) to keep the business running. Hiring smart, qualified people who are just as passionate about the business succeeding as you are, all while staying lean and efficient is a constant balancing act. So, as a startup, you need to know how you’re spending your money on wages and salaries, while keeping a close eye on how productive your team is. Tracking your team’s time and output is vital. But how can you measure productivity, without snooping, hovering or micromanaging?
Luckily, smart business apps are here to help you automate your admin-heavy HR, measure productivity and run projects. Having access to your business information in an easy-to-understand way can help you communicate more effectively with your team and allows you to make easier strategic decisions. The right apps can help you track your team’s performance, productivity and collaboration – and help you save valuable time. Ultimately, better productivity means you have an opportunity to free up much needed time and maybe even establish some work life balance!
Apps enable you to gain insights into employee performance and effectiveness, and more easily track KPIs and other metrics,. For example, people apps such as Deputy and When I Work allow you to manage the admin-heavy aspects of HR such as rostering, leave, and time sheets and get a view of the foretasted wage costs associated with this staffing. Knowing your total workforce cost is vital when it comes to making large scale decisions or investments. Plus, having access to staff metrics will help to make key decisions to ensure my human capital is contributing to the bottom line.