Rate calculation software: task management, working time allocation and salary calculations are no more problems

What is job rate calculation software?
It is a business tool that uses an approach for managing the working time and calculating salaries a company pays to employees. In other words, businesses that use that solution can assign tasks to employees, track task performance and time spent, and calculate salary per employee with respect to normal and extra hours worked, job rate assigned, penalties got, days of vacation spent, and other parameters. It is flexible enough to meet strict requirements of any organization. It allows to implement part-time and full-time employment systems at once. That program can be also used for employees who earn money for hours worked or for jobs done. Managers can use software to balance costs and spending, manage overheads and distribute tasks evenly across all chargeable staff.

Optimization
Rate calculation program is irreplaceable when it comes to optimization of processes and tasks. Instead of trying to drive employees hard to get more results and at the same time allowing another employees to idle away their time, managers can use a tool to more fairly distribute labor among different teams. It is a simple way to make complicated allocation of hours fast, easy, and fair. If a business has a departmentalized structure and there're at least several different teams, that tool will allow to assign tasks, allocate time and distribute workload effectively among the teams.

If the business runs the workflow and manages the teams without using that software, it has a high risk to get flawed and failed. It lets mitigate risks of work overflow, employee burnout and workflow imbalance.

An example
VIP Task Manager is a good example showing how your workflow and task management can be successfully streamlined. The rate calculation program can be applied in small- and mid-sized companies. VIP Task Manager has the Custom Fields functionality to make task management, salary management and time management more comprehensive.

The Custom Fields functionality allows to create special task columns to be displayed in common task list and specify job formula per task column. For example, you can create 'Rate 1' and 'Rate 2' custom fields which are used in calculating salaries of different employees. Each of the custom fields can have specific formula and units. For the 'Rate 1' you can set one formula to calculate salaries of employees working on the project 1, and another formula to calculate salaries of employees working on the project 2.

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