Businesses are always looking for cost cutting measures for improved bottom line. There are many aspects to business that need to be considered and for a new company with a small setup; cost is definitely a large factor in determining success or failure of an endeavor.
While employing staff is crucial for a business, are managing them require a dedicated system that can ensure high ROI or businesses could employ a casual approach towards staff management?
To answer this question, we need to examine 5 common problems with staff in any business setup.
Tardiness – Lateness is a common problem for employees because to them it’s just minutes. What they failed to realize is how those minutes impacted their business in a short and long term. It’s pretty daunting to come to a diner to have a breakfast without a server taking your orders. Clients’ queries and orders might get hold up because of tardiness, which in turn will affect the company’s image in a long run. Those minutes
Absence – Absence with and without reasons are problems for any business. An employee is hired for a reason and with his/her absence, that job needs a replacement or a part of the business is getting ignored. Apart from the absence with valid reasons, employers need to deal with creative employees who always come forward with all kinds of excuses to be entitled to an absence.
Hours Calculation – Not all hours are created equal. One hour of overtime on a Sunday will cause a company thrice the amount of wage and one hour at night might cost a different rate. If we take those different rate hours out of the equation, do you really get what you are paying for during those normal working hours? To determine this, you need to ask these questions. Do your staffs take longer breaks? Do they loiter outside to smoke? How many minutes they take for late clock in and early clock out? Say in total, they take around 30 minutes per day, and the workday is 22, you have just lost 11 hours. Given the salary is around USD8 per hour, the company has just lost USD88 from that employee.
Employee Details – In India recently, there was a case involving a taxi driver that allegedly raped a passenger. The driver was employed by a taxi company, which fails to notice that he has a prior criminal record and this has resulted in the taxi company’s license suspension and causing many staff to lose their jobs. Knowing what to ask and keeping employee details is essential in any business setup to avoid legal complications in the future.
Effectiveness – Who’s going to deal with the staff attendance data at the end of the month? How is it going to be tallied? Are the company getting the ROI from this employments? And if problems occur, what’s the system of data retrieval and remedy?
The investment in Time Attendance system shouldn’t be extravagantly large but it has to be effective and be able to provide you with the report on ROI. Biometrics time attendance such as FINGERTEC is a very effective tool to provide you with deliverables. The use of fingerprint technology as the main method of verification gives assurance that you get honest data. If one staff were late, you’d know he’s late without doubt because the system doesn’t allow exchange of cards for buddy punching. FINGERTEC does not require a staff to carry any token around, as fingerprint is easy to verify at any time without the risk of lost or stolen token. And most importantly, the FINGERTEC system comes bundled with a proven and tested time management solution, TCMSV2 being used around the world for almost 15 years, that is able to provide you from basic data requirement to a complex one if necessary. The data can also be integrated with payroll solution if need be.
At the end of the day, the FINGERTEC Fingerprint Time Attendance system provides a company with clear picture of its human resource investment, problems the company is having with staff management and from that solutions could be proposed and implemented for a better bottom line.If you are interested to learn further on the product’s specifications, feel free to contact us at firstname.lastname@example.org to purchase.