Workforce time management is one of the
most vital parts of a company’s business processes. In today’s tough business
world, an organization has to be as efficient and as productive as possible in
order to survive the competition. While there is an abundance of employee time
and attendance solutions in today’s marketplace, (both traditional and
automated), few are as effective as automated employee time clocks. In fact,
clocks that do not require licensing fees offer some of the simplest and most
cost-effective workforce management solutions currently available.
What
is the importance of time and attendance management?
The effective management of employees’
time and attendance has two sides to it: the financial side and the
organizational side. If a business is unable to effectively handle employee
payroll, it is bound to overpay employees due to practices like unauthorized
overtime, buddy punching and wage fraud. When employees take advantage of
opportunities to steal time, you can say goodbye to organizational efficiency
and productivity. A biometric time clock
is the ideal solution to solve this problem, which is unfortunately something
many small businesses face.
What
is biometric technology?
Biometric technology uses the individual
physiological features that make each one of us unique. These include our
fingerprints, retinas, voice and other physical traits. Biometrics were
initially used in security systems. However, with advancements in technology,
biometrics were soon incorporated into automated payroll management systems,
such as the employee time clock.
Biometric recognition is the safest, most secure and most accurate way to
confirm the identity of employees.
Minimal
risk with no licensing fees
Employee
time clocks that are operated with cloud computing
are essentially risk free. These systems require a low commitment level, making
them ideal for small businesses (especially start ups). If you look at the
alternative, there are considerable financial risks involved. For instance,
with a licensed workforce time and attendance management solution, you often
have to pay substantial fees upfront to cover the whole year. With cloud-based
systems, there are no contracts required, and you can pay for service on a
monthly basis.
In addition to paying hefty licensing
fees for in-house software, a business also has to undergo an implementation
process that involves a significant amount of time and money. Software for an
on-premise employee time clock can
be extremely complex and might require exhaustive training for your staff in
order to properly utilize it, as well. Furthermore, the software often has to
be installed on a local server or dedicated PC, which adds even more to your
costs. There is also more of an ongoing need for IT support if you use an
in-house server because there is more maintenance time required. Then there is
the question of upgrades. With licensed software, you have to pay for every
upgrade.
Considering all of the costs and efforts
involved with in-house time management solutions, it’s easy to see why turning
to cloud-based biometric time clock
systems is the right choice. They do not require licensing fees, nor do they charge
for upgrades. In addition, there are no extra hardware costs, or long contract commitments
making them an ideal time and attendance management solution.