The log will only show when the time is reset, not every time the daemon contacts the NTP server.
As fane_j mentioned, ntpd does not work on a set interval; instead complex algorithms determine how often it does that. Extensive documentation for the ntp program can be found on your Mac in the /usr/share/doc/ntp/ folder. It's in html format, so you can read it using a browser. I suggest starting with the /usr/share/doc/ntp/index.html file. That is in effect the home page & everything else is hyperlinked to that.
There is a configuration file, normally located at path /private/etc/ntp.conf, but as you will see from the documentation, modifying it is not as simple as you might think, nor should you try to do that without understanding all the implications that has on network operations, security, local clock accuracy, & such.
If nothing else, read the "How NTP Works" section in /usr/share/doc/ntp/notes.html
Anyway, assuming you have a good Internet connection, your Mac(s) should maintain accurate enough time for your purposes without changing anything. The same may not be true for the Windows machines. See the "Microsoft Windows" section of the Wikipedia Network Time Protocol page for more about why that may be so.