Here it is: The 2018 Hubstaff Annual Review Has Been Released Officially
Hubstaff's Year in Review: A Comprehensive Look at 2018
In 2018, Hubstaff, the leading time tracking and productivity platform, made significant strides in enhancing its services and expanding its reach. The company's team grew to 43 members, working across 14 different countries and 11 time zones, reflecting its global impact.
Hubstaff's growth was evident not only in its team size but also in the number of new features and updates it released. A total of over 35 new features and updates were introduced, providing users with a more efficient and effective platform.
The Hubstaff Year in Review template, although not a specific offering from Hubstaff, can be created using the platform's time tracking and reporting features as key inputs. This template, designed to help businesses and managers conduct a comprehensive year-end review of employee performance and project progress, typically includes sections for summarizing overall job performance, goal achievement, key strengths, areas for growth, professional development, and manager and employee feedback.
To create a year-end review using Hubstaff, businesses can utilise the detailed timesheets, reports, and activity logs provided by Hubstaff to gather data on employee hours, productivity, and project time allocation throughout the year. The optional Insights add-on can also be leveraged to convert raw time and activity data into visual charts and performance summaries.
In addition to quantitative data, qualitative assessments are essential. A structured review template like the Annual Evaluation Template, covering overall job performance and goal achievement, key strengths and accomplishments, areas for growth and skill development, professional training and its impact, and feedback from managers and employees, can be incorporated.
Hubstaff's reports and audit trails can ensure data accuracy and compliance during reviews, especially if audit-ready records are necessary.
In 2018, Hubstaff reported a 77% growth in net revenue, a 7.7% increase in the average revenue per user, and a 60.4% increase in Monthly Recurring Revenue (MRR). The company also made the Inc. 5000 list, a prestigious honour recognising the fastest-growing private companies in America.
Hubstaff's commitment to transparency was evident in its 60.4% increase in MRR in 2018. Major integrations, such as TransferWise, were also added, further enhancing the platform's functionality.
Looking ahead to 2019, Hubstaff plans to add more functionality to their mobile app, improve integrations, release Hubstaff Tasks, add better reports, and make overall improvements for customers. The company also aims to improve its user interface, add an invoice pay button, and improve syncing with integrations.
Hubstaff hosted an annual retreat in Lisbon, Portugal, attended by 22 team members, and encourages readers to subscribe to their blog for more updates. The total hours worked across the Hubstaff team in 2018 amounted to 56,907 hours, 21 minutes, and 35 seconds.
User churn for Hubstaff in 2018 was 6.1%, with a range from 5.4% to 6.8%. Despite this, Hubstaff continued to grow, with a 49% customer growth, resulting in 7,509 customers signing up in 2018.
Hubstaff Tasks reported 986 tasks completed in 2018, while Hubstaff Talent, their talent and job posting platform, had a 130% growth in jobs posted in the past year. A notable achievement was that Hubstaff team members saved a combined 387 days by not commuting to an office, reflecting the benefits of remote work.
In conclusion, Hubstaff's time tracking platform supports creating an effective year-end review by providing accurate, detailed activity data to inform a structured review template tailored to a business's needs. While the actual review template format is something businesses or their HR teams would build or download separately, using Hubstaff’s data as the foundation, the platform's contributions to efficiency, productivity, and growth are undeniable.
- Hubstaff's time tracking platform, used in conjunction with a structured review template, can aid businesses in conducting a comprehensive year-end review by providing accurate and detailed activity data.
- In 2018, Hubstaff expanded its functionality with major integrations like TransferWise and announced plans to improve its mobile app, enhance integrations, release Hubstaff Tasks, and add better reports for customers.
- The Hubstaff team, working across 14 countries and 11 time zones, saved a combined 387 days by not commuting to an office, showcasing the benefits of remote work.
- Hubstaff Tasks reported 986 tasks completed in 2018, and Hubstaff Talent, their talent and job posting platform, had a 130% growth in jobs posted, signifying the platform's continued growth and relevance in the personal-finance, lifestyle, business, and technology sectors.