As large sized enterprises began jumping on the bandwagon of investing into bio-metric employee time clocks, medium-sized and small-sized enterprises began wondering that should they also do the same thing. It really emerged as an intriguing question that, is the investment into a quality employee time-clock is really worth of? Well, there is no denial to the fact that biometric employee time and attendance tracking software proves to be extremely efficient regarding enhancing employee’s productivity, compelling them to be more productive towards their work and reducing the incidents like time-theft and buddy punching. There are numerous reasons that are inducing different sizes of enterprises to look for cost-effective solutions, especially to invest into biometric time clocks. Let’s have a glance at the reasons:
Increased competition: It is first and foremost reason. It is gradually becoming difficult to thrive in the cut-throat competition. There is an utmost emphasis on maximizing profit by minimizing cost. Cost can only be minimized when productivity of the employees stretches up to their maximum capacity and incidents like work-theft, buddy punching, etc are completely controlled.
Increasing size of businesses: This is an era of globalization and liberalization. In order to take the maximum benefit of the opportunities that is being offered by current dynamic market, companies are looking for various ways to expand their businesses. When the number of employees increases, it becomes difficult to keep a track on their productivity. Manual methods like maintaining attendance registers are proving to be big failure. If the activities of the employees are not monitored properly, an enterprise may end up in witnessing loses instead of profit, due to the expansion. Thus, that is where, the importance of biometric time clock comes into picture.
To develop ethical work culture: Strong work ethics plays a determining role in taking a company to a new height. If employees begin to feel that it is easy to cheat owners through unauthorized overtime, buddy punching, etc, they begin adopting a careless attitude towards their work. This leaves a negative impact on the new employees, who also start becoming laid-back. Biometric time clocks leave no scope for any kind of incidence that leaves a negative impact on the productivity of the employees as it is a concept based on verifying a unique identify of an employee like finger prints, eye-retina, etc. The outcome is development of strong ethical work culture where employees show their sincerity towards their work.
We have already seen that why it is gradually becoming imperative to invest in a superior biometric employees tracking software. Now let’s have a glance on the benefits of using the same:
To develop a feeling of accountability into the employees so they always remain alert regarding their activities and they don’t lose their focus from productivity.
To increase profitability since, without laying emphasis on profit, it is not possible to thrive in intense competition and to formulate business expansion strategies.
To keep an accurate record of the productivity of the employees’ tracking in order to get inkling regarding their productivity levels so that the valuable savings of an organization doesn’t go waste due to the incidents like time-theft and poor productivity.
To provide assistance in HR related activities as it becomes easier to calculate the wages and salaries of the employees.