How Much Money Does Time Tracking Save?

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Looking for more info on the survey? Send your questions to our media manager at dunja@toggl.com. Inefficiencies are costing the US economy $7.4 Billion per day - mostly due to untracked work hours. We asked 1,000+ businesses using Toggl about how much money accurate time tracking has saved them.

Business

$7.4 BILLION
per day
According to a study featured in the Harvard Business
Review, this is how much inefficiencies are costing the
U.S. economy alone.

HOW CAN LOST TIME HURT
YOUR BUSINESS?
We regularly meet our users to learn about
the challenges their businesses face.

TOP REASONS FOR TRACKING TIME:
● to improve estimates & planning
● to analyze profitability
● to optimize business processes
& staffing

HOW MUCH ARE OUR
USERS SAVING?
We asked over 1,000 team leaders if time
tracking was saving them money.

$12,441
per team
in average annual savings reported by Toggl users

CONSULTANCIES REPORTED THE
BIGGEST SAVINGS:
$16,203
on average per team

THE BIGGEST SAVING INDUSTRY
WAS WEB & SOFTWARE
DEVELOPMENT:
$18,338
on average per team

BUT IT’S NOT JUST ABOUT
COUNTING YOUR HOURS
IT’S ABOUT
DOING IT RIGHT.

MOST TOGGL USERS PREFER
TRACKING WORK IN REAL TIME:

THERE IS A GOOD REASON
WHY THEY PREFER REAL-
TIME TRACKING...

$3,519 AVERAGE ANNUAL SAVINGS BY
TEAMS WHO ESTIMATE TIME MANUALLY
$15,064 AVERAGE ANNUAL SAVINGS BY
TEAMS WHO USE REAL TIME TRACKING

MOST HUMANS CAN’T
ESTIMATE TIME
ACCURATELY.
(This is why enjoyable events feel
short, and boring ones seem to last
forever.)

GUESSING TELLS YOU WHAT YOUR
BRAIN WANTS TO BELIEVE
MEASURING GIVES YOU THE FACTS.

A BRAIN IS EASY TO TRICK
(but machines are not.)

HOW MUCH MONEY
COULD
TIME TRACKING SAVE?

OUR CURRENT TIME WASTE IS
ASTRONOMICAL
BUT SO IS THE POTENTIAL.

THE U.S. NATIONAL
DEBT IS AT 18 TRILLION
& COUNTING
AND YET, WE COULD BE WASTING 2.7 TRILLION
A YEAR ON NOT TAKING OUR TIME SERIOUSLY.

BUT YOU CAN ONLY FIX
WHAT YOU CAN
MEASURE

SO START TRACKING.
MAKE YOUR EVERY MINUTE
COUNT AND
TRY TOGGL FOR FREE.

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