Most likely your biggest expense is payroll. Whether you have salaried or hourly employees, or pay contract labor by the hour, you’re paying for their time. But do you really know what your staff is doing with their time and are they getting the right things done?
Time = Money
Tracking & Managing Labor Time = Employee Alignment & Profit Enhancement
Do You Know What Your Employees Do with Their Time?
GroundSwell’s time-based budgeting methodology accurately predicts revenues and profits within 5%, is simple to implement, and allows you to efficiently measure profitability by product, service, or customer. But are you tracking your team’s time? Are you tracking yours?
Time-driven Activity-based Costing
Read about TDABC (“Time-driven Activity-based Costing”) in Harvard Business Review here1.
How Do I Start?
Along with TDABC, GroundSwell’s Business Ownership PlatformSM offers the necessary people and tools to successfully stabilize, grow, or transition your business.
Schedule a call to learn more.
“You’ve made something that sounds complex simple, and my entire team gets the value of tracking our time now.”
-Dave D.