If you are a business owner, the chances are that you might be using methods that can be considered as being old school to keep track of time in your organization. Some of these methods may include use of punch clocks, self-reporting, or even the commonly used one where employees have spreadsheets which they are supposed to fill by themselves.
While such methods are still useful, they have many disadvantages. Besides their unreliability at times, they are not also that convenient in a setting where employees are working remotely or do not come to the office from time to time.
However, with the advancement of technology, this can be avoided through the use of other means of biometric timekeeping. This is one of the new timekeeping technologies that enable employees to sign in and out using their smart devices from wherever they are. They make use of personal identification features like face recognition and fingerprints to make this possible. So what are the advantages that come with the employment of biometric timekeeping technology in any business set up?
Eliminates the Possibility of Time Theft
When you use methods like the spreadsheet, there is a high possibility that employees might not give an accurate data of how they spend their time. This can either be intentional or a case of forgetfulness.
This is one of the drawbacks of such tracking attendance method. The good thing about biometric timekeeping is that time is not only kept accurately but honestly too. This goes a long way in helping any business entity to manage projects efficiently and to conduct the payroll more easily.
Provision of Accurate Data
Due to the technology that it uses, the system can provide a real and accurate time-labor data. This is important as it gives a real picture of the happenings within an organization’s labor force. This goes a long way in ensuring that the management of employees, the workflow and productivity is efficiently and properly monitored and managed.
Cost-Effective
When the biometric timekeeping technology was first introduced, it was slightly expensive. However, due to its widespread use and tremendous improvements in technology, its cost has significantly reduced. Thus, any business no matter its size can easily afford to purchase the technology. Even though the initial cost of acquiring it may appear to be expensive, you are sure that you will save a lot from the efficiency that it will bring forth.
Audit Trail
Another advantage of such a technology is that the system automatically enables the creation of an audit trail. This is very important if an employee or a client files a complaint. This goes a long way in eliminating any questions on when an employee started or finished any particular project. This also dramatically reduces the business risk that is associated with contravention of company policies and federal legislation.
