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Finances volatile, making CROs worried about a drop in share value on the stock market.How Could CROs Deliver More Value to Their Sponsors?Contract research organizations take their reputation seriously because it brings them sponsors and revenue. A reliable CRO sticks to the three main principles: it keeps to the budget, meets deadlines and delivers quality services.For companies that need smart resource management and budgeting, we created actiTIME – a full-featured time tracking software that offers project management, cost calculations, billing, invoicing and more.Online timesheet interface in actiTIME where every user can select task parametersthey want to see in their timesheetsWith actiTIME, you can:Create projects, break them down into tasks, assign them to your team members so that they could record their time spent on different work assignments or submit time manually into their timesheets.Create your own work structure to suit your project management needs and company’s regulations.Review individual statistics across projects and clients to see how your employees invested their hours.Use logged data to build project costs reports, research project profitability, apply for the R&D tax credit, bill and invoice your clients.Integrate actiTIME with myriads of other software tools through Zapier and establish a more efficient, accurate and transparent work management process this way.Try actiTIME during a free online trial or request a live product demo today. Related Content

Flow involves trust and encourages developers to be proactive, take the initiative and offer solutions. It includes knowledge sharing, feedback, collaboration and rules out ego, dominance, arrogance, micromanagement and KPI. Effective project manager creates an environment where goals and needs of developers and stakeholders are met in a balanced manner and uses tools to keep track of what’s going on in their team.If you are looking for a flow-friendly time management solution, consider actiTIME – software that makes productivity tracking effortless and stress-free. actiTIME won’t bother you with pop-ups or annoying notifications and provide you with three different modes of recording working hours: web interface, browser extension and mobile app.In actiTIME, managers can build custom workflows and complex projects, calculate payrolls and project costs, manage remote worker and employee absences. Explore the whole set of features with a free 30-day trial or request a product demo to get a product tour and find out if it’s a good fit for your needs.

Enjoy the creative freedom that comes with having more time. Try Free The Solution to All Your Problems Managing architectural business can be challenging. Our time management software will help you streamline your team operations and boost efficiency. Tired of dealing with unexpected costs? Our Solution Flawless control over costs Stay in full charge of your budget and staff-related expenses. Make sure you are using resources effectively. Free Trial Tired of missing deadlines? Our Solution Effortless progress tracking Clearly see how your projects are progressing. Keep a detailed record of time spent on tasks and never miss another deadline. Free Trial Inaccurate invoicing affects your business reputation? Our Solution Streamlined invoicing Make sure every billable minute is accounted for. Create accurate invoices in just a few clicks and get paid faster. Free Trial Struggling to keep up with plans and meet deadlines? Time Tracking Assistant NEW Use Time Management Assistant to understand what eats up your time and stay on the right track. Hundreds of the world's most successful architects already use actiTIME Stop stressing over projects! Focus on designing jaw-dropping architecture and let actiTIME take care of the rest. Start with actiTIME for free Architect your way to success – learn how to be more efficient Software for Architects Load More

Or when they perform work outside of their authorized schedule without prior approval.So, why is it a problem?For starters, it can throw a company’s expenses way out of whack. If employees are clocking more hours than they’re supposed to, it can really rack up the payroll costs. And if managers aren’t tracking it, they may not even realize the extent of the financial damage until it’s too late.And let’s not forget that unauthorized overtime can be a compliance nightmare. If employees are working beyond the hours that are allowed by law, it could result in hefty fines and legal trouble for the company.Pro tip:Staying in control of overtime hours is easy with a solution like actiTIME. It lets you track overtime either manually or automatically, set custom overtime pay rates for employees, and analyze the use of time via reports and charts – not a single overtime minute will slip through the cracks!actiTIME enables you to catch any instance of unauthorized overtime quickly and easily6. Leave fraudLeave fraud occurs when an employee intentionally misrepresents the reason or duration of their absence from work in order to gain undeserved benefits. This can take many forms, including falsifying medical certificates, misrepresenting personal or family emergencies, or simply not showing up without permission.Apart from obvious financial loss, leave fraud can also lead to decreased productivity and work quality. If someone is taking more time off than they’re entitled to, it means they’re not doing their part to contribute to the team or company. This can cause deadlines to be missed, projects to go unfinished, and overall work quality to suffer.Pro tip:To prevent leave fraud from occurring, you need to implement policies and software for managing employee leave time. This can include requiring doctors’ notes for sick leave, limiting the number of employees who can take vacation at the same time, and using automated systems to track time off requests and approvals.A good example of such a system is actiPLANS. This handy resource scheduling software allows managers to keep track of all employee requests for vacation, sick leave, etc. It also features informative reports

The project development and what their priorities are inside their work scopes.Set realistic goals. Managers are not business speakers: your task is not to give inspiring speeches but to set realistic expectations for your team. Use previous performance data to plan their workload more accurately.“People want to work for a cause not for a living.” – Cal NewportEnsure visibility and transparency. Foster close collaboration and boundless knowledge-sharing to avoid silos, roadblocks and project delays. Implement time and project management systems where each member of your team can review project progress and collaborate.Online timesheet interface in actiTIME where every user can select task parametersthey want to see in their timesheetsMatch challenges with adequate personal skills. According to the Flow theory, if the gap between the challenge and ability is too broad, people get anxious and stressed. If stressed for an extended period of time, employees tend to burn out. So, assign challenging tasks to those developers whose skills match the complexity of the challenge or a little bit lower than required.Create knowledge-sharing repositories. Start a community-based repository where developers can share their knowledge and answer FAQs. This will reduce the number of workplace distractions and provide a means to get information without interrupting the flow.Break work into smaller chunks. Too big tasks that last week after week may feel overwhelming to your team members as they don’t feel like they make any progress. Instead, break them into manageable sub-tasks.How to Enhance FocusConsider Scrum methodology. Scrum has several advantages over Agile development

Your time tracking results to the set estimates. This way, you can see if employees are working the exact amount of time they claim to invest in each piece of job.The software allows for establishing an approval workflow for incoming timesheets and locking the submitted ones. Thanks to this functionality, no one can submit a timesheet without a manager’s approval or make changes to it retrospectively.The time tracker can also generate detailed reports on employees’ productivity and work patterns. This can help you spot any suspicious activity, such as excessive overtime or schedule overruns.actiTIME lets you keep daily employee performance in check without resorting to micromanagement. It doesn’t contain any tools for spying on employees. Thus, it allows you to develop more trustful relationships with the team and promotes a healthier work environment than any automated activity trackers and employee monitoring systems can do.With actiTIME, you can say goodbye to timesheet fraud and hello to accurate time tracking!Sign up for a 30-day trial and request a free demo today!SummaryThere’s no doubt that timesheet fraud is harmful to the company’s work process and climate. At the same time, make sure not to cross the line when preventing it or handling its consequences.There are ways to minimize the problem without micromanaging or threatening a healthy work environment. One of the most efficient ways to prevent fraud issues is implementing an electronic timesheet system that physically prevents any inappropriate time-track modifications. And no matter which technology you apply, building trust in your team lies at the core of a healthy workplace.