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How Much Does Time Tracking Software Cost? A Guide

What is the price of time tracking? This article will help simplify the topic by covering time tracking costs and benefits in detail. We’ll explore everything from the direct cost of time tracking software, to the hidden costs of tracking time manually or skipping it altogether.

How much does time tracking software cost?
How much does time tracking software cost? The Cost of Tracking Time Manually The Cost of Not Tracking Time at All Are Time Tracking Software Costs Worth It?

How much does time tracking software cost?

Let’s start off our deep dive with the cost of time tracking software. Dedicated apps like WebWork not only make tracking time much easier for teams of all sizes, but they also enable you to track time automatically. For example, all you need to do to take advantage of WebWork’s automatic time tracking is to ensure the “Autorun” option is enabled in the desktop tracker. Continuing with our example, WebWork plans start at $4.99 per user per month. To calculate the starting cost of time tracking for teams, simply multiply this number by the number of your employees. For example, a team of 10 people can get started with time tracking for under $50 per month. However, like many other time tracking solutions, WebWork offers a discounted rate for annual subscriptions. This means that your team of 10 people can start tracking time for just $39.9 per month. If you’d like to take advantage of WebWork’s advanced features, our yearly Plus and Premium plans cost $6.39 and $7.19 per user/month respectively. Alternatively, if you’d like to get the most from the WebWork backend with our custom API, you can contact our sales team to get a quote for our Custom plan.

Cost of time tracking software with AI

Besides usual time tracking features, WebWork also offers industry-leading AI functionality with WebWork AI. To use the feature, you need AI credits, with one credit equaling one WebWork AI prompt. Here’s how many credits each of our pricing plans offer:

  • Pro: 10 Credits
  • Plus: 25 Credits
  • Premium: 50 Credits
If you wish to use WebWork AI more frequently, you can purchase additional AI credits. A pack of 100 credits costs $5 per month and applies to all users in your workspace.

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The Cost of Tracking Time Manually

Having explored the cost of time tracking software, let’s now shift our focus to a more basic form of tracking time: using spreadsheets. At first glance, spreadsheets can eliminate time tracking costs for businesses—regardless of the size of your team. However, there are a plethora of hidden costs associated with this method, which many leaders fail to consider before using it.

Time

One of the most significant downsides of manual time tracking is its time costs, as you can’t do so automatically with spreadsheets. This means that each of your team members will have to take time out of their days to fill out their timesheets. Besides being a lengthy and tedious process, this isn’t the best use of time for any professional.

Errors

Another major downside of manual time tracking is that it’s prone to errors. The most obvious of these is data entry errors, such as an employee adding more hours than they worked by accident. However, errors like these are also easy to make on purpose, which results in an elevated risk of time theft for your business.

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The Cost of Not Tracking Time at All

Besides tracking time automatically and manually, there’s also the option of not tracking time at all. On the surface, this has the lowest costs of all three time tracking options. However, its hidden costs are even larger than those of manual time tracking, including:

  • Possible Lower Productivity
  • Worse Work-Life Balance
  • Higher Payroll Costs
We’ll explore each of these in-depth now, starting with the first.

Productivity

Tracking time has a lot of positive effects on the productivity of professionals. Naturally, forgoing time tracking will result in you not being able to reap these benefits in your team. You won’t be able to track what your employees spend their time on to help them perform their best.

Work-Life Balance

While the main purpose of time tracking is to boost productivity, it can also help your staff’s work-life balance. By spending their time at work more effectively, professionals can spend more time on their personal lives. Learn more about the positive effects of this in our blog article on how improving employee work-life balance drives growth.

Payroll Costs

The effects of forgoing time tracking will mean that your staff will need to spend more time to complete their tasks. This will mean that for the same output, your business will need to spend more on payroll. In fact, saving money is one of the top reasons why firms implement time tracking, which you can learn more about in our guide: How to Save Time with a Time Tracker.

Are Time Tracking Software Costs Worth It?

Time tracking is one of the best productivity strategies for teams of all sizes. Dedicated time tracking apps make the process easy and accessible, making even the more expensive ones worth the upfront costs. However, with an app like WebWork, you can boost your team’s performance without breaking the bank.

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