Cost of Time

What is the value
of tracking time?

Harvard Business Review estimated the hidden costs of lost time for US alone at

$ 7,400,000,000

per year

per team

$12,000 +

Average annual savings from time tracking, Toggl survey

per team

$16,000 +

Annual savings for consultancy companies

per team

$16,000 +

Annual savings for software companies

So where is the problem?

Most humans can't estimate time accurate enough

Our brain is tricky and makes time spent on plausible tasks to feel like run faster. Another frequent issue is losing track of time that occurs when one becomes fully immersed in an activity or task.

Automatization of time measurement is essential

Manual timesheets are not reliable
Time-tracking in real time is the king!
It helps control time budget
and avoid loss of time.

Software tools are not human friendly

Time-tracking software just does not feel natural for humans to help build a healthy habit of time management. Users perceive digital time tracking apps as a necessary evil rather than a helpful tool.