The World Trade Organization predicts that the global commerce will diminish by 13–32% in the nearest future. The reason, of course, is the pandemic which put many companies and factories on hold and reduced the demand for products and services. As a result, businesses seek savings that would help them survive the hard times. TIMATE’s analyses show that the change in monitoring the employees’ working time can reduce the costs to a considerable extent.
Unsure about the future, companies often make chaotic decisions. It is perfectly understandable that they suspend recruitment, but they also stop seeking new orders, since they believe they do not have sufficient resources to carry out new processes. They fall into a trap: they have no money to build teams and the shortage of employees reduces their income.