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 accurately
Our brain is tricky, making time spent on plausible tasks to feel like run faster. On the other hand, we often lose track of time when 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 prevent loss of time.
Pure digital apps are not human-friendly
Time-tracking apps just do not feel natural for us to help build a healthy habit of time management. Users tend to view time tracking apps as a necessary evil rather than a helpful tool.