You have a large company with a large workforce. Accurate reporting of hours is essential to your productivity and profitability. But you are faced with sobering statistics about misuse of many manual and older timeclock systems.
The American Payroll Association, for example, provides statistics revealing that up to 75% of companies lose money from “buddy punching.” Workers reported stealing roughly 4.5 hours per week, which is the equivalent of six weeks of vacation. Ouch!
A Hard-to-Abuse Option
While it is easy for workers to swap manual punch cards – or even PIN numbers or magnetic stripe cards for other systems – a fingerprint timeclock prevents abuse by requiring identification as individual as each person – their fingerprint.
Less expensive than Iris, handprint or other biometric systems, fingerprint timeclocks are easy to use and, with the money saved, the investment in them quickly pays for itself.
Notifications When Needed
Fingerprint timeclocks prevent fraud by requiring workers to be physically present when clocking in and out. Of course, this doesn’t stop workers from saying they forgot to clock in and giving an account of their hours not backed by hard proof.
To help avoid this “human error” issue, some fingerprint timeclock solutions will provide automatic notifications, telling workers they have not logged in yet at the beginning of a scheduled shift.
In some instances, workers may be resistant to using this technology, citing invasion-of-privacy concerns. However, with the growing prevalence of fingerprint access to technology, such as iPhones, this kind of objection should fade away.
Reduce Costly Errors
Not only can a fingerprint timeclock system do away with manual time cards, it can record information in real time, manage your workforce’s hours for you and minimize the chances of errors. When workers log time with such a reporting system, the device will immediately indicate if there’s an error, forcing the employee to correct the problem before continuing.
Access to Restricted Areas
Another way that fingerprint timeclocks, and other biometric systems, provide value and peace of mind is if your company has restricted access areas. The system will help to ensure that only authorized workers are allowed entry, providing a necessary level of security.
With companies losing millions of dollars, and even billions of dollars, nationally to buddy punching, it’s time to think about investing in a durable fingerprint timeclock solution that combats error and fraud. To learn more about how a biometric system can protect your company and its bottom line, download the free Attendance Policy eBook.
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