2018 Hubstaff Annual Review Unveiled
As we approach the end of 2019, it's time to take a moment to reflect on the past year and the remarkable strides made by Hubstaff. This year has been marked by growth, innovation, and a commitment to our users' success.
A Year of Improvements and Innovations
Hubstaff made the Inc. 5000 list, a testament to our continued growth and dedication to providing top-tier time tracking solutions. We've been hard at work this year, planning to improve our user interface, add an invoice pay button, and enhance syncing with integrations.
In addition, we've made significant strides in our mobile app, with plans to add more functionality, improve integrations, and release Hubstaff Tasks. We've also been focused on enhancing reports and making overall improvements for our customers.
A Comprehensive Year-end Review Template
To help businesses create their own year-end reviews, we've developed a template that combines time tracking insights from Hubstaff with key business performance indicators. This structured report format includes sections to summarise employee productivity, project progress, goal achievement, and other relevant business metrics.
Collecting Hubstaff Data
Start by exporting timesheets and reports from Hubstaff in CSV or PDF format. Use Hubstaff’s timesheet feature to view work time by day, week, or custom date ranges, and filter by team or individual to get detailed insights. Hubstaff’s reports can highlight productive time, app and URL usage, and activity metrics.
Incorporating Business Metrics
Alongside time tracking, gather other critical business data such as sales numbers, revenue, customer acquisition, project completion rates, and employee performance KPIs to provide a comprehensive yearly overview.
Creating Template Sections
The template includes sections to summarise overall productivity trends, goal achievement, key strengths and highlights, areas for improvement, professional development & training, insights and analysis, manager’s and employee feedback, and more.
Formatting the Template
Use a document or spreadsheet format that supports text, tables, and charts. Include filters or dynamic fields where possible for ease of updating annually.
Optional Enhancements
Consider adding compliance or audit trail data, integrating other data visualization or project management reports, or using Hubstaff’s optional Insights add-on for clearer storytelling.
By combining Hubstaff’s detailed time tracking and productivity data with broader business metrics into a structured review template, you can create a comprehensive Year in Review report that helps assess past performance and plan future goals effectively.
Looking Ahead to 2020
We're excited about the future and invite our customers to suggest features they'd like to see in 2020. We're committed to continual improvement and are always striving to make Hubstaff the best time tracking solution for businesses everywhere.
We'd like to take this opportunity to thank our customers for their continued support and look forward to another successful year ahead.
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Key Achievements in 2019
- Hubstaff made the Inc. 5000 list.
- We hosted a team retreat in Lisbon, attended by 22 team members.
- Our team grew to 43 members, distributed across 11 time zones and 14 different countries.
- We released over 35 new features and updates.
- Our team saved a total of 387 days by working remotely, avoiding an average U.S. commute time of 26 minutes.
- The average revenue per user increased by 7.7% in 2018.
- User churn for Hubstaff was 6.1% at the end of 2018.
- The financial side of Hubstaff showed a 60.4% increase in Monthly Recurring Revenue (MRR).
- Hubstaff Talent, a free talent and job posting platform, had 130% growth in jobs posted in the past year.
- A payment integration with TransferWise was added.
- The lifetime value (LTV) of a Hubstaff customer reached $814 in June 2018.
- Hubstaff Tasks reported the completion of 986 tasks in 2018.
- The team responded to 77,416 support tickets with overwhelmingly positive feedback.
- The average activity rate of the Hubstaff team was 51%.
- The total hours worked by the Hubstaff team in 2018 were 56,907 hours, 21 minutes, and 35 seconds.
- A total of 215,470 Slack messages were sent by the team.
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