On Teramind, you can set the salary or hourly rate of an employee, consultant or contractor.
Employees can then select a task/project they are working on (Revealed Agent) or get it assigned automatically by Teramind based on their activity and app usage (Hidden Agent).
You can then use various built-in reports to analyze your cost/output in various ways. For example:
- Use the Payroll Rating, Employee Payroll, Departmental Payroll, Task Payroll widget on the Dashboards to get quick snapshots of your payroll.
- Use the Time Tracking reports such as Employee Cost, Task Cost, Timecards and Time Records to get detailed spending reports on each employee/department/project/Task.
- Use the BI Reports such as the Productivity report to conduct cost analysis such as how much time/money is wasted on idle time, which tasks and projects are profitable vs which ones are not, expenses trend, etc.
- You can also export these reports as an Excel file for further analysis.