Time clocks come in many varieties, and a large number of businesses are still using the "traditional" or "manual" kind where employees note their arrivals and departures through a punch card. The new craze, however, is for the biometric time clock. These high-tech models use everything from fingerprinting technology to retinal scans in order to secure the company’s payroll. They have a lot of advantages over the "regular" time clock, and here’s why.
1. They Prevent Time Fraud
Time fraud is when employees punch in for each other or falsify their break times. This becomes impossible when the entire system is automated, and what’s more, they can’t indulge in "buddy punching" when individual fingerprints are required for identity confirmation. Biometric systems are an excellent way to curb and even completely stop staff dishonesty.
2. They’re Great Investments
Biometric clocks cost more than manual clocks. There’s no getting around that. But did you know that most biometric clocks pay for themselves within the year? Not only will they save your company money through a lack of payroll fraud, but they’ll also completely eliminate the need for badges, lanyards, punch cards and other paper products. You’ll reduce your overhead while also becoming more eco-friendly as a paperless business.
3. They Can Send You Alerts
If you’d like a notification when Suzie comes to work, you can easily set that up with most biometric systems. You can also monitor overtime to make sure your employees aren’t taking too much. The biometric system will send you alerts right to your smartphone, so you’ll never miss a beat.
4. They Reduce Human Error
Human error can cost you thousands of dollars a year. They don’t mean it, of course, but if a tired employee misses a decimal place or inserts the wrong numbers on a calculator, you can wind up paying for it in a big way as the boss of your company. Biometric clocks reduce this possibility by automating all of their systems. No human input means no human error.
If you’ve never heard of a biometric time clock, you aren’t alone. They haven’t yet reached the popularity of manual timekeeping. If they continue to grow at their current rate, however, they’ll soon become standard in businesses across the world, so you might want to consider jumping on board while they’re still the cutting edge of technology.