Taking accurate attendance of each employee is critical to any business. It is not just for the sake of paying them correctly at the end of the month but also to ensure that they are accountable as employees. The role of accurate attendance data in project management and productivity enhancement is significant too.
Attendance tracking and management have traditionally been done using manual methods. However, manual options are quickly being replaced by modern attendance management software solutions.
A report shows that more than 70% of companies in India, with an approximate employee headcount of 20 or more have already switched to attendance software systems. But even after this switch, some of the core challenges in attendance management are not fully resolved. Issues like time theft, payroll challenges, low productivity and compliance issues are rampant. What could these organizations have done differently? The answer is a biometric attendance system.
Biometric attendance systems take advantage of advanced technology to scan employees' physical characteristics, such as their facial recognition or fingerprints, to verify attendance.
While these systems serve as a more accurate alternative to manual methods, they beg the question: are they cost-effective? This blog conducts a thorough cost-benefit analysis of implementing biometric attendance machine at your organization. By evaluating the benefits and costs that might incur, businesses can decide whether investing in this technology is worthwhile for their organization or not.
