With the latest recession having huge impact on businesses, many employers have been forced to cut costs with any means possible. Usually the first thing to happen is the reduction in staff. However, what many employers fail to realize that instead of reducing staff, they can maximize the use of their existing HR budgets by keeping better records of their hourly employees. One of the latest trends sweeping the globe that can help curb unnecessary costs is by using a biometric time clock.
While electronic time clocks have been popular as well in recent years, they definitely have their shortcomings. For example, employees who use PINS or swipe access cards to punch in/out are easily able to manipulate the system by having their friends enter their PIN or swipe their badge for them. This is often referred to as buddy punching and costs companies worldwide millions of dollars every year.
The next step in the evolution of the time clock is to eliminate this possibility which is where biometric time clocks come in. These units act very similar to traditional time cards or time punching machines. Instead of an employee punching a time card to begin or end their shift, they simply swipe their hand under a biometric scanner or fingerprint across a fingerprint reader.