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Biometrics: High-value Workforce ManagementThe critical role of biometric time and attendance to workforce management solutionsAbstract One of the critical success factors for any workforce management solution is the ability to address time theft. Industry estimates place intentional and error-driven time theft in the range of 1.5% to 10% of gross payroll, costing U.S. businesses hundreds of billions of dollars each year. Biometric-based time and attendance solutions virtually eliminate the most significant source of time theft known as buddy-punching, the practice of one worker “clocking” in or out for another. Biometrics offers the only effective means of addressing the buddy-punching dilemma by directly linking an individual worker to a personal labor record. This proven technology has been used in time clocks for more than a decade by thousands of organizations and millions of employees worldwide and the results are in -- biometrics consistently deliver accurate, reliable, and auditable real-time labor data -- the foundation of effective labor management. Companies of all sizes are increasingly implementing automated workforce management systems that incorporate biometric time clocks and seeing a significant reduction in direct and indirect labor costs. Key Takeaways:
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