Keeping track of billable time is critical in many areas. Whether you are looking to improve your billing process or looking for cost savings, you need to understand the factors involved in calculating billable times.
The hourly pay model is applicable to a variety of industries, because it is a more marketable and fair way of the relationship between the employee and the employer. The employee sells his time to the company and the company buys it.
Here are some examples of industries with this model:
Consulting and PR;
IT;
Lawyer consulting;
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Automatic time tracking using special software allows you to count billable hours more accurately and rely on the amount spent, and not just the declared time.
With the right balance of billable and unpaid time, profits will grow.