Ever Works로 구축된 데모 디렉토리 웹사이트입니다
Honor System Method
A time tracking approach relying on employee self-reported estimates of time spent on projects, also known as rule-of-thumb estimation. It is the easiest and cheapest method but suffers from inaccuracy and lack of detailed records.
Honor System Time Tracking
A manual time tracking method where employees self-report their estimated hours worked based on their best judgment, without using timers or formal timesheets. It relies on trust between employees and managers but can lead to compensation inaccuracies and lacks detailed reporting capabilities.
Cost-Plus Billing
A pricing model where clients are billed for actual labor costs (tracked time × labor rates) plus a markup percentage or fixed fee to cover overhead and profit, requiring accurate time tracking and transparent cost documentation to justify billings and maintain client trust.
Fixed-Fee vs. Time & Materials Pricing
Two fundamental project pricing approaches where fixed-fee projects charge a predetermined amount regardless of hours worked (requiring time tracking for profitability analysis only), while time & materials projects bill based on actual hours tracked plus expenses (requiring time tracking for client billing), each with different risk profiles and time tracking needs.
Overtime Pre-Approval Requirement
A labor cost control policy mandating that employees obtain supervisor authorization before working overtime hours, typically enforced through time tracking system workflows that flag or block unapproved overtime entries, helping organizations manage labor budgets while ensuring FLSA compliance for legitimate overtime work.
Billable vs. Non-Billable Time Tracking
Practice of categorizing work hours into billable (client-facing, revenue-generating) and non-billable (administrative, internal) categories. Critical for professional services firms to maximize revenue capture and understand true project profitability.
Continuous Time Tracking
Practice of tracking all work hours throughout the day without gaps, ensuring complete accountability and accurate payroll. Every hour is assigned to a project, task, or category, creating comprehensive data for billing and analysis.
Billable Hours Tracking
Time tracking methodology used by professional services firms to capture time spent on client work for accurate billing, with 6-minute increments being the industry standard.
Hourly Rate Calculation for Freelancers
Method for calculating appropriate hourly rates for freelance and consulting work, factoring in overhead, taxes, benefits, and desired income.
Batch Timesheet Approval
Manager feature that allows approving multiple employee timesheets simultaneously rather than one at a time. Streamlines approval workflows and reduces administrative time for managers overseeing large teams or during period-end processing.
Billable Utilization Rate Tracking
Key performance metric for professional services firms measuring the percentage of working hours that can be billed to clients. Critical for understanding productivity, profitability, and resource allocation with industry benchmarks typically ranging from 60-85%.
Billable vs Non-Billable Time Designation
Classification system distinguishing client-billable work from internal activities. Critical for accurate client billing, profitability analysis, and understanding true project costs including overhead in professional services.
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