What if someone told you that your company was losing money every day? That your business was suffering from a slow leak which while not necessarily fatal, was preventing your firm from growing and achieving its full potential? You’d want to stop this leak, no doubt – but is your firm suffering from this kind of loss? The odds are that it is.

This loss is coming from time theft, one of the largest sources of monetary loss businesses of all sizes face. You could put a stop to it by installing biometric time and attendance software. Biometrics time clocks have made advances over the years and are now within reach for even small businesses.

How Biometric Time Clocks Work

What you’re probably wondering is how a biometric clock can stem the losses represented by time theft. It’s simple, actually: as opposed to a traditional Bundy clock, where employees can cheat the system by signing in for one another or an even lower-tech system where your staff simply writes in their time of arrival, a biometric time clock provides an accurate and traceable record of employee time and attendance.

Biometric employee time clocks use either a personal identification number uniquely assigned to each of your employees, a fingerprint or even a retinal scan. This makes it impossible for employees to clock in for each other and be paid for time not actually spent working (or for that matter, even spent at work). Time theft is a crime of opportunity and when you remove the opportunity, you can put a stop to this kind of employee theft instantly.

A biometric time clock can even be integrated into your payroll system using time and attendance software. This eliminates the possibility of errors in your accounting or payroll departments and can dramatically reduce the amount of time your bookkeeping staff need to spend in calculating payroll. It also saves your HR department time and trouble in attendance tracking, since all of this information can be seamlessly integrated into your existing systems and tracked easily.

The amount of time that biometric employee time clocks can save your firm is itself a strong argument for installing these state of the art time and attendance systems; freed from the need to track employee attendance or calculate hours for hourly employees, these important members of your staff can work on other, more productive tasks. When you combine these savings with the massive amount that putting a complete stop to employee time theft can save you, there’s no reason whatsoever not to move to a biometric time clock system.

Best of all, there is also nothing easier than installing a biometric employee time and attendance system. Biometric employee time clocks and time and attendance software can be installed and deployed in a single day; the learning curve is minimal and the installation takes only a few hours. Employees can either be assigned a PIN number or have their fingerprints scanned and you can be using the new system the next day; all at a low cost which your new biometric clock will repay you for in short order.