What Are Biometrics, and How Can They Benefit Your Company?

What Are Biometrics, and How Can They Benefit Your Company?

As technology becomes more sophisticated, employers are moving further from the traditional security and time-measurement methods and increasingly utilizing technology-based time-logging and security protocols. One of the most popular—and misunderstood—forms of this is biometrics.

Biometrics can include any number of personal recognition technologies, such as facial recognition, fingerprint scanning, and even DNA-based checkpoints. This technology enables employers to dramatically increase the accuracy with which they track their workers, keeping labor costs down and allowing them to bid projects more precisely.

More Reliable Performance Tracking

Given the limitations of traditional punch cards and even computer-based time clocks, which can easily be tampered with or used to clock someone else in or out, a biometric-based system ensures only the specific employee can log themselves in and out.

While this is an obvious benefit to the employer, it can also be a more reliable means of tracking hours and ensuring each employee is given the appropriate compensation for their hours worked.

Eliminate Buddy Punching

The American Payroll Association estimates that “buddy punching” accounts for up to 5% of gross payroll costs each year. Employers cannot typically absorb this level of loss for long.

With biometrics, there is no gaming the system by asking a friend to punch in or out for you. This solution to time theft can save employers thousands per year in labor costs. Now it’s possible for employers to assess labor requirements accurately and avoid project cost overruns.

Increase Security

Many employers throughout the country are now using biometric technology to improve the security of their facilities. Requiring employees to provide a fingerprint scan as they enter a building or attempt to access secure locations prevents someone from using a stolen ID or badge to gain access. Similarly, facial recognition and other biometric tools can aid in monitoring access to restricted areas.

Return on Investment

Instituting a biometric system is not cheap, but the benefits far outweigh the costs. It prevents fraud, reduces manual correction and management involvement in time tracking. Biometrics allow you to accurately assess productivity and staff accordingly.

For more information about new business trends, or to get started building your temporary work-force, contact an Alternative Staffing specialist today.