How to Setup an Affordable Kronos Biometric Time Clock for Your Small Business

The question is whether to adopt a biometric time clock or not? Even if I need a biometric time clock to manage my employees, how can I afford such an expensive tool! – These 2 lines of thinking is enough for many sleepless nights and a good amount of stress for any small business owners.

Whatever a company may be engaged in or whatever might the company size be, efficient employee management will always be a crucial thing in every step of the journey the business makes. The most horrifying effect of not having a biometric time clock for your employees is, buddy punching effect on your payroll. Employers loses hundreds and thousands in payroll because of buddy punching. To calculate your payroll loss every year due to buddy punching, Calculate ROI.

Buddy punching refers to punching in someone illegally in the attendance even if the employee is not arrived yet at the office or workplace. It is a common practice among employees everywhere. Buddy punching causes companies to lose about 2 to 5 percent of total payroll each year. Different companies use different tools for time attendance recording. Some use paper sheets whereas others use RFID tags or cards for clocking in. No system can guarantee total elimination of buddy punching except biometric time clocks, for obvious reasons. But again there is this problem with the excessive cost associated with the purchasing of a biometric time clock, that becomes a major hinder. Read the full article here.