For effective management of the employees a proper attendance system is a must as it helps in keeping track about each employee’s working hours and days. The payroll for the employees is prepared using the data collected from the attendance systems. Time Recording Systems are useful for both the owners and employees. Employees can know how much money of theirs is deducted by the firm for leaves while the owner can know who takes how many leaves. Time clocks save the data about each employee and record the time of entry, exit and lunch and tea breaks.
Now with technical developments, advanced and foolproof clocking systems for recording time and attendance are available. These help the management in getting payroll ready without any further calculations for calculating attendance. Attendance clocks help the managers and administrators to have an overall view about the employees and their working patterns. Payroll is one of the biggest expense for a firm and with budding punching company faces 10% of loss annually. So what is buddy punching? Buddy punching is when an employee punches on the behalf of another who is absent or late. Instead of cutting down your workforce for maintaining profitability rather curbing on activities like buddy punching would definitely save your revenues. Companies must install Biometric Time Clock which punches time when the person is standing in front of it, no one else can punch on their behalf in case of biometric systems
For large companies, biometric systems are highly useful but if you are a small company having lesser number of employees then, you can use Time Cards for attendance purposes. Concluding this article, for improving the business productivity and increased profits it is advised to use attendance systems and Clocking Machines. It is an important factor for enhancing productivity of the company if it is run by the employees who work.
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