Technology and professional services businesses spend over 70% of their fixed budget on staff. However, the connection between their revenue streams and employment spend are often very hard to analyse and even harder to optimise.
It should be easy, if you implement a timesheet system, you will have total clarity over what people are doing, how much they are earning and where the money is going, right?
Unfortunately, timesheet systems alone have many drawbacks when it comes to working out the contribution each employee is making towards the overall profitability of the company:
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