Want a Better Return on Your Labour Investment? Deploy a Biometric Solution

Labour costs make up the greatest percentage of a company’s operating budget, that's why managing labour cost is so important. Biometric time attendance systems are the best way to control labour costs for any organisation, regardless of size or industry. With manual time tracking, companies put themselves at risk as they fail to comply with workplace compliance requirements and it also reduces their profits. Here are the ways by which a cloud-based biometric attendance machine can help you get a better return on your labour investment.

Better Time Tracking and Eliminates Payroll Errors

A biometric system takes the complexity out of tracking employee attendance. It simplifies every part of your business operation, such as calculating total work hours of each employee, late arrivals, early departures, extended breaks and total leaves taken. The average payroll staff spends at least seven minutes per employee during each pay period to calculate their payroll pay. Since everything is automated with a biometric integrated solution, you can eliminate payroll errors, enhance operational efficiency and save money on labour costs.

Better Leave, Overtime and Absence Management

With the right timekeeping system in place, you can measure exactly the time worked, wages earned by employees, and save thousands of dollars in wasted labour time each year. A biometric machine for attendance tracking can reduce the administrative headaches and compliance risks associated with leave and overtime management laws. Analyse overtime, leaves and absenteeism trends through your biometric system and integrate the biometric solution with payroll and recruitment software for efficient management.

Real-Time Analytics

Empower your operational heads and department managers with real-time data obtained from biometric attendance machine. They can examine attendance trends and patterns, and allocate resources accordingly. It makes it easier for your executives to drill down into attendance and have the data to take appropriate action.

Reducing labour costs is a good way to boost your bottom line. Businesses can’t afford any type of wasted labour costs, which is why it is essential for you to switch to an advanced biometric attendance system to augment your current timekeeping solution.

Top 3 Reasons to Switch to a Biometric Time Attendance System

For any employer, time is money. Managing the time attendance of employees is one of the biggest challenges for organisations. Since managing and record-keeping attendance data manually is complicated and there are chances of inaccuracy, employers need technologically advanced systems. A biometric time attendance system is a proven technology for workforce management and can help employers meet their entire authentication, verification and identification needs. It is far better than your manual attendance keeping system and reliable than personal identification cards, keys or passwords. Here are the top three reasons why you should switch to a biometric time attendance system.

Prevents “Buddy Punching”– Buddy punching is a nefarious practice where one employee clocks in or out for another employee. Now more and more companies are finding out that time and attendance technologies like Personal Identification Numbers, ID cards and manual punch clocks are less expensive, but in the long run, they can be exploited and are susceptible to buddy punching practice. Biometric technology is a more viable solution to prevent buddy punching. A biometric time attendance system also makes employees to act ethically and be accountable for their actions. Adopting biometric technology in your establishment will not only help employers to prevent buddy punching activities but can also strengthen accountability among your employees.

Boosts Operational Efficiency– To define it in simple terms, operational efficiency is the ideal combination of employees, organisational procedures and technology that creates maximized value for any business. A biometric time attendance system will help your payroll department to become efficient as it will eliminate the need to input attendance data manually and reduce payroll errors.

Enhances Physical Security– A biometric system can act as the second layer in the security of your physical structure or assets. A fingerprint, iris or facial recognition based biometric system can tighten your access control process. Once you have the biometric technology in place, it will allow only individual access to a restricted area, thereby safeguarding your inventory and important data against theft.

A biometric time attendance system is a completely digitalised platform that involves no paper work and manual recording. You can track the activity of each employee in the premise with accuracy, prevent buddy punching activities, enhance security and boost operational efficiency. Biometrics can help maximize your return on investment as a secure authentication technology.