“Remember that Time is Money. He that can earn Ten Shillings a Day by his Labour, and goes abroad, or sits idle one half of that Day … has really spent or rather thrown away Five Shillings besides.”
That’s the origin of the famous quote, “Time is money,” having first appeared in Benjamin Franklin’s “Advice to a Young Tradesman, Written by an Old One.” And it’s an adage that still holds true today—especially for remote team managers.
When you’re in charge of a team that’s spread across locations—and often across the world—it’s crucial to have tools and technologies in place that can keep everyone connected and working towards a common goal.
Still, time-tracking isn’t as much about keeping tabs on employees as it is about driving productivity and delivering key metrics. After all, if you’ve taken the measures to hire and train all-star developers, you won’t have to worry about slapping anyone on the wrist. You just need to make sure they have the resources they need to do their job...