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Here it is: The 2018 Hubstaff Annual Recap Has Been Released

Annual Assessment for Your Business: Analyze Performance Using Critical Indicators, Progress Statistics, and Additional Metrics. Below is our 2018 Hubstaff Summarization, accompanied by a template you can utilize.

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The 2018 Hubstaff Annual Review Has Been Officially Released
The 2018 Hubstaff Annual Review Has Been Officially Released

Here it is: The 2018 Hubstaff Annual Recap Has Been Released

It's that time of the year again, and Hubstaff is excited to share its Year in Review. This comprehensive report showcases the company's achievements, growth, and plans for the future.

Creating a Year in Review Template

To create a Year in Review template, we've developed a structured process that combines Hubstaff's advanced time tracking and reporting capabilities with employee evaluation best practices.

  1. Identify Key Metrics and Data Sources: We utilise Hubstaff's detailed time tracking and activity reports, which include time spent, activity levels, project budgets, invoices, and employee productivity data. We also incorporate other important business metrics relevant to our goals, such as sales figures, customer satisfaction scores, revenue, or project milestones.
  2. Gather Hubstaff Data: We export relevant Hubstaff reports in CSV or PDF formats, focusing on key categories like total hours worked, time by project or client, activity levels, attendance, and budget adherence. We use features like filtering by team members, custom date ranges, and saving favourite reports to streamline data retrieval.
  3. Design the Template Structure: Our template includes sections for performance overview, goal achievement, key strengths and areas for growth, professional development & training, overall performance rating, manager’s feedback, and employee comments.
  4. Assemble and Visualize the Data: We import Hubstaff export data into spreadsheets or reporting tools and create charts or tables summarising key numbers. We combine quantitative data with narrative evaluations for clarity.
  5. Automation and Sharing: We use Hubstaff’s scheduled reporting feature to automate regular data updates, which can feed into our Year in Review template. We export final templates as PDFs or share them via email or cloud platforms for easy distribution.
  6. Customization and Iteration: We tailor the template to different teams or roles, adjusting KPIs accordingly. We gather feedback after initial use to improve clarity, relevance, and completeness.

Highlights of 2018

  • Growth: Hubstaff experienced a 77% growth in net revenue and added 43 team members, located in 14 different countries and 11 time zones.
  • Customer Growth: In 2018, Hubstaff experienced a 49% customer growth, adding 7,509 customers.
  • Hubstaff Talent: Our free talent and job posting platform had a 130% growth in jobs posted in the past year.
  • Productivity: The average activity rate of the Hubstaff team was 51%.
  • Financial Performance: Hubstaff's financial year-end review showed a 60.4% increase in Monthly Recurring Revenue (MRR).
  • Communication: The team sent 215,470 messages on Slack.
  • Customer Lifetime Value: The lifetime value (LTV) of a Hubstaff customer reached $814 in June 2018.
  • Team Retreat: 22 team members attended the annual Hubstaff retreat in Lisbon, where 5 hackathon projects were completed in one day, 136 Pasteis de Belem were consumed, and the average steps per day were 19,110.
  • Revenue Growth: The average revenue per user increased by 7.7% in 2018.

Plans for 2019

  • Mobile App Enhancements: Hubstaff plans to add more functionality to its mobile app, including timesheets, schedules, and reports for field services teams, geofenced time tracking, and the ability to create tasks in mobile.
  • Integrations: Hubstaff plans to add more integrations, such as TransferWise.
  • New Features: In 2019, Hubstaff plans to release over 35 new features and updates.
  • Improvements: Hubstaff aims to improve integrations, release Hubstaff Tasks, add charts and filters to reports, and continue to improve the user interface.
  • Support: Hubstaff responded to 77,416 support tickets with overwhelmingly positive feedback.
  • Invoice Pay Button: An invoice pay button and faster syncing with integrations are also expected in 2019.

In conclusion, Hubstaff's Year in Review template offers a structured approach to evaluating business performance, combining Hubstaff's advanced time tracking and reporting capabilities with employee evaluation best practices. We would like to thank our customers for their continued support and look forward to an exciting 2019 filled with growth, innovation, and new opportunities.

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