In today’s corporate world, workforce management consumes a lot of time and money. Payroll management and time management consist of around 50% of the budget of these companies. In order to reduce these costs, corporations usually cut their employees salaries and are also forced to layoff in order to maintain and increase their return on investment. Others try to increase the normal office hours of the employees to meet their targets on time. This might lead to worker resentment. To avoid all these malfunctions of time keeping and payroll processing, companies are now adopting a biometric scanning system of fingerprint attendance.
The manual methods of payroll processing are usually tedious and time consuming. Time keeping is a huge headache for the administrators as there are proxies and time thefts by the workers which costs the organization millions of dollars. This is something no organization can afford if it has to survive in this competitive market. The biometric scanners can record the in time and the out time of the employees and there can be no time theft as the scanners work on fingerprints and these cannot be duplicated. These scanning machines are highly accurate and along with time keeping, these also record lunch times, meal breaks, the department in which the employee is working, the type of work being performed and many more.
At the end of the month,payroll processing done manually can consume almost a day or two depending on the size of the organization. While in the case of biometric technology, all the time feeds and work and leave details are directly transferred to the system and the whole work is completed in around 20 mins! So no more collecting of time cards from employees. Plus there is a chance of error when doing things manually but all the employee details are stored and sent in electronic format automatically for processing. This leads to increasing productivity, cost reduction and time saving.
Many experts believe that biometric technology is the future as it will remove swapping completely. The employees no longer have to roam around with passwords and swapping cards as biometric scan uses human traits such as fingerprint scanning and retina scanning which are unique to every individual and cannot be duplicated. So no more proxies and time errors as fingerprint scanning cannot be manipulated thus saving huge amount of money for the company.
Many are misled that there might be some privacy concerns as the fingerprint images can be hacked and then can be used for various malpractices thus violating the privacy of individuals but in reality it enhances the privacy of any person as the finger print images are not stored but these fingerprint images are converted into coded binary data that cannot be inferred in any way.
Thus fingerprint scanning is the employee authentication process of the future as there will be no swapping, sharing or stealing of time or credentials by anyone. This ease of usage, accuracy and saving of payroll costs will increase the productivity of any organization.