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Biometric Savings Calculator

Human Error Savings:

Companies that use manual time sheets frequently commit errors leading to a 1-8% overpayment of annual payroll.* We have assumed a 4% error rate for this calculation.

Inefficiency Savings:

Studies indicate that it takes approximately 5 minutes to calculate a manual time sheet.* This process must be repeated for each employee during each pay period.

Time Theft Savings:

Companies typically overpay wages by more than 10 minutes per employee per day,* due to tardiness, early departures and buddy punching.

Total Annual Savings:

Estimated sum that your organization can save annually by moving from manual time sheets to a biometric time & attendance system.


*Source: American Payroll Association Study

Solutions > Biometric Time and Attendance

Time is money... spend less!  

Studies indicate that the average company overpays wages by 2-4% annually. Automated time & attendance systems are convenient to use and prevent organizations from overpaying. PeopleKey's biometric time & attendance system reduces your administrative burden, eliminates lost wages due to timesheet errors or 'buddy punching', and allows you to generate real-time reports on employee attendance and job costing. It even exports data to your existing payroll application!

How it Works

PeopleKey fingerprint readers allow an employee to log in/out using his fingerprint (cards and PIN numbers are also supported), thereby ensuring the employee's identity and the precise date and time of the transaction. The in/out transaction is archived on the fingerprint reader and sent over a network to our Fingerlan software, which runs on a PC or server. The data from Fingerlan can then be exported in various spreadsheet formats, or sent to our Tidy Time application to be processed for payroll.  Fingerprint readers can report to Fingerlan from multiple geographic locations (even wirelessly), allowing you to manage employee attendance data from a central location.  The video below illustrates how our various products combine to form an attendance monitoring solution.

Return on Investment

One of the most compelling reasons to implement a biometric time & attendance system is because it pays for itself over time. Studies indicate that most companies overpay total wages by 1-8% annually due to human error alone. Companies also overpay each of their employees by an average 10 minutes per day due to early departures and "buddy punching" (employees clocking in or out for one another).  Companies who use manual time sheet systems must also employ payroll staff to calculate work hours, which takes an average of 5 minutes per employee per pay period.  These factors can lead to gross overpayment of wages; please see the biometric savings calculator at left to estimate how much your organization may be overpaying.

By moving to a biometric attendance system, your organization will greatly reduce its administrative burden while also eliminating human error and time card fraud. Biometric systems are easy to use, reliable, and can even export employee work hours to your existing payroll application. The investment is typically recovered in just a few months, and will save you money for years to come.

Industries

Biometric time & attendance systems are appropriate for any organization that manages employee work hours. Return on investment occurs quickly due to the elimination of buddy punching, reduced administrative burden on employees and human resources, and the elimination of lost swipe cards. The PeopleKey time & attendance system has been successfully deployed in industries such as banking, hotel, manufacturing, airlines, and retail. Please click here to see a partial client listing.

Time & Attendance Schematic

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Biometric Time and Attendance