Are business owners constantly faced with the challenges of buddy punching? Your staff is the most incredible resource in your business. If there are cases of time theft, this could cost your business in the long run.
According to Forbes, the average employee steals about 4.5 hours a week; this translates to almost six full days yearly. This translates to a waste of company resources and a loss of money. But don’t worry; a biometric attendance system is the perfect solution to this problem.
Biometric attendance systems, especially those with facial recognition features, will help prevent time theft and fraud. Let’s consider what a biometric attendance machine is and how it can help prevent time theft and fraud.
What’s a Biometric Attendance Machine?
Biometrics enables the automatic identification of individuals based on behavioural or physical features. There are different types of biometrics recognition. These include;
- Face recognition
- Iris and retina scanning
- Voice recognition
- Fingerprint recognition
Biometric attendance machines are more secure than any other identification method since each person’s physical traits are unique. The features you seek will determine the biometric machine price.
What is Time Theft and Fraud?
Time theft and fraud occur when an employee accepts payment from an employer for the time they did not work. When a staff is not working when they are supposed to, this is considered fraud.
Time theft and fraud cost organizations million every year. A biometric machine price doesn’t even come close to these figures.
Time theft and fraud can manifest in many forms, including;
- Buddy punching, where an employee can punch a card for another
- Employees lying about work hours,
- Taking excessive or untracked breaks during work shifts
How Biometric Attendance Machines Prevent Time Theft and Fraud
1. Prevents Buddy Punching
Buddy punching involves a staff clocking in or out on behalf of another. Buddy punching, if left unchecked, can cause so many problems for your business. It costs many businesses billions of dollars each year, which will lead to business failure in the long run.
With a traditional attendance system, buddy punching is a common occurrence. Staffs use a swipe card system or a paper sign sheet to clock in. This leads to loss of working hours, overpaying staff and inaccurate staff records.
Biometric attendance systems such as AI facial recognition ensure that buddy punching is a thing of the past.
2. Provides Accurate, Real-Time Data
Traditional attendance systems like the swipe card or sign-in sheet don’t provide accurate or real-time data on staff. This is a loophole for time theft, as employees can lie about their reporting time or what they did during their work shifts.
Biometric attendance system software ensures accurate, real-time data of all employees in each shift. It helps capture error-free calculations for paid days for workers. The facial recognition biometric is fantastic as you can get real-time visibility of your employees.
3. Provides Tangible Audit Trail
Creating an audit trail when it comes to employee working time is essential. You need to know if the absent people came late or left earlier than allowed. With biometric attendance system software, it’s easy to have accurate attendance-related changes in the system by an admin.
You can even create a way to summarize employee data regarding absenteeism, late coming or early goings etc. This makes it easy when it comes to streamlining attendance policies in the workplace. It’s more impressive as you can have the data backed up in the cloud, meaning easy retrieval and access.
Time theft and fraud cost many businesses millions of dollars every year. Employees have become savvy over the years by lying about their work hours or not working and then claiming payment. However, biometric attendance machines help rescue businesses by preventing time theft and fraud. It prevents buddy punching, provides accurate data, and provides a tangible audit trail. Get a biometric attendance machine today if you are looking for ways to save your business from potential income loss.
