Check how much you can save! A new tool from TIMATE
TIMATE has developed a tool which allows every company to check how many minutes per month its employees spend on ineffective actions and how it affects the budget. The calculator is available on TIMATE’s website: https://timatesystem.com/kalkulatoren/index.html.
The surveys conducted in enterprises using the TIMATE system indicate that the implementation of the new method for recording and monitoring time and attendance allows to save up to 80% of ineffective working time for which companies pay their employees. This means real money.
The survey we were carrying out in large production and logistics businesses show that each employee wastes 460 minutes per month on ineffective actions. If we assume that one minute of work costs the average amount of PLN 0.47, it turns out a company employing 500 people loses more than PLN 100,000 per month on wasted working time, says Sebastian Młodziński, CEO at TIMATE.
Based on the surveys, TIMATE could identify the sources that generate the greatest losses in this respect. These include: cigarette breaks, running private errands by employees outside the company premises, meals, leaving work early. They have been included in TIMATE’s calculator tool.
We are aware that entrepreneurs do not normally reflect on how many precious minutes of a typical business day are actually wasted. The scale of the problem is revealed once you make the additions and convert them into money. Our calculator can do just that, adds Sebastian Młodziński.
