Maximizing productivity should always be a top priority for business owners, but trying too hard to micromanage every inch of your operations can actually do the opposite.

Systems within a business have to exist to ensure it functions smoothly — from having a daily structure to setting meeting agendas, establishing company values and setting hiring criteria — without them, enterprises can implode.

Time tracking is a prime example of a system employers use to improve staff productivity by increasing self-awareness, encouraging accountability, minimizing time wastage and maximizing profit.

The growing demand for time-tracking software, resulting from the rise of remote work, could put the market for this technology at an estimated value of $31.88 billion by 2028.

But it's not all positive. While time tracking may seem like a smart business move, it certainly has its downsides if not used carefully.

What separates good leaders from great leaders is their ability to offer guidance, resources and support to their team. At the same time, they need to allow employees the space to manage themselves.

A healthy working relationship between employer and employee relies heavily on having a strong sense of mutual trust and a relatively balanced power dynamic. Time tracking to monitor staff input and output........

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