11/11/2023 0 Comments Rugged biometric time clock![]() ![]() I would close my door and people would be afraid to interrupt me. “With the old system, I had no flexibility if a medical or family emergency arose, which created even more stress. Knowing the payroll deadline loomed, the pressure to make the date could bring me to tears as I worked on the time cards each month,” Seawell recalled. “It could take me three days to get payroll done, plus a day that the South Carolina lab manager needed to tally his location’s time. “With the old system, I had no flexibility if a medical or family emergency arose, which created even more stress." Companies that switch to a biometric system are investing in the health and viability of their employees, as Toni Seawell, vice president of human relations at Sewell Labs in North Carolina, explains: For some companies, calculating payroll can take days, not to mention a toll on those who are forced to perform under a time crunch each month. While filling out time cards and remembering swipe badges are no fun for anyone, your employees in HR undoubtedly suffer the most from using an outdated time and attendance system. All kinds of number fudging, extended breaks, hours that are marked as overtime, etc., are eliminated, and payroll is accurate and fair across the board.ģ) They are good for the mental health of your employees. Even a few extra minutes before or after lunch can add up over time.īiometric time clocks make buddy punching impossible. An estimated 74% of employers see payroll losses due to buddy punching, resulting in 2.2% of gross payroll. One of the easiest ways to get paid for time not worked is to engage in “buddy punching,” which is when a co-worker clocks in for another who isn’t actually present. Unfortunately, time theft is a very real problem for businesses of all sizes. A biometric time clock system eliminates these possibilities. An incredible 33% of small businesses are fined for payroll issues, due to mistakes such as failing to set up payroll correctly, forgetting to record paper checks, submitting deposits late and neglecting to run payroll on time. Sewll Labs Utilize Time and Attendance Softwareīeyond basic payroll errors that result in overpayment for employees or misplacement of funds that could be reinvested in your business, another source of monetary loss due to accounting mishaps are fines from the government. When employees make mistakes recording their hours, or HR representatives make mistakes tallying them, it can cost hundreds when those errors go uncorrected (and even the time spent finding and correcting errors is expensive). It’s no wonder that even the most diligent record-keepers make payroll errors each month. Our ability to catch or avoid errors within data sets is severely flawed: A UNLV study showed that humans, using visual confirmation, make an average of 10.23 errors per 30 data sheets, compared to virtually zero when information was pulled from a unified database by an automated system. (As Warren Buffett can tell you, smart and continuous financial reinvestment in your company is crucial to its survival, particularly in the startup stage.)ġ) They reduce accounting and payroll errors.Īn estimated 40% of small businesses still do payroll manually. ![]() An upfront investment in a biometric time clock will be worth it over time, and can even start paying dividends immediately. It’s been shown, however, that outdated time and attendance systems end up costing the companies that use them. Related Article: 8 Benefits of Tracking Time and Attendance Small businesses are notoriously resistant to spend money on themselves, including investments in tools to increase employee productivity. Yet, perhaps because biometric time clocks are hallmarks of futuristic films and novels, the perception is that this technology is beyond the reach or means of small businesses, an unnecessary expense that won’t provide the return on investment necessary to stay viable. Biometric technology utilizes the unique attributes of employees (such as fingerprint or iris recognition) to keep track of when they’re clocking in and out, as well as where they’re clocking in from, an especially useful advantage for companies that need to grant security access to certain areas. Once the stuff of science fiction, biometric time clocks are now becoming standard for growing businesses that require a more comprehensive time and attendance system. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |