Running a Business with a Fingerprint Time and Attendance System
Having a time and attendance system to keep time is important. In 1888, Willard Bundy invented the time clock, but since that time, time clocks have not changed much. That is, until recently when MinuteHound introduced their fingerprint time and attendance system to revolutionize the time clock industry. Wouldn’t it be great if you could know exactly where people are at all times? On average, businesses in the United States pay around $3.7 trillion on their payroll each year. Experts estimate that US businesses lose around $148 billion because of inefficient time card punching processes.
How do business owners lose so much money to time card punching? Losses can be simplified to buddy punching and schedule exceptions, which are going to happen to almost every business. Buddy punching means that fellow coworkers will clock in for each other, and schedule exceptions happen as a result of employees clocking into work early or leaving work late. That results in paying for stolen time. On average, these timekeeping inefficiencies will make up around five percent of losses on your payroll.
How the Fingerprint Time and Attendance System Works
This problem is what MinuteHound set out to address with their fingerprint time and attendance system. Instead of paying $1,100 every year per employee for bad timekeeping, you can spend the money saved on a refreshing vacation or fancy sports car. That might sound somewhat frivolous, but the main idea behind the fingerprint time and attendance system from MinuteHound is that you choose how to spend your money. You’re not losing it to time theft or inefficient timekeeping, so you have improved your business processes.
What are some of the things that the fingerprint time and attendance system can eliminate? First, the fingerprint time and attendance system eliminates buddy punching completely. Second, you never have to worry about lost time cards again. Also, the fingerprint time and attendance system makes sure that the time is never out of sync, and the technology ensures that the date isn’t out of sync. In other words, you don’t have to pay for timekeeping errors that aren’t your fault.
As a business owner, you have probably tried to calculate time cards, and reading it can sometimes feel like reading Greek. It takes a lot of time just to look over the employee time cards and calculate what is owed. With the fingerprint time and attendance software from MinuteHound, everything gets calculated automatically. That means that you can focus on the core aspects of your business. Wouldn’t it be great if you had a more environmentally friendly solution to timekeeping? All that paper can be confusing and hard on the environment. With the fingerprint time and attendance software from MinuteHound, you have more space because you don’t have to store all that paper.
The Price of the MinuteHound Time Clock
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MinuteHound Fingerprint Time and Attendance System.
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