Leading up to our participation in the National Retail Federation’s 2011 “Retail’s Big Show” from January 9 – 12 in New York city, M2SYS Technology is publishing a blog series on the top 15 reasons that biometrics is a smart choice for retail organizations to consider as an authentication technology in workforce management and retail point of sale applications.
Reason #1 – Stop “Buddy Punching”
Over the summer, we wrote about the practice of buddy punching, a nefarious practice where one employee inappropriately clocks in or out for another employee. We wrote about the negative consequences that buddy punching has on a business’s bottom line and how millions of dollars per year is siphoned from profits and revenues in many vertical markets due to this practice. Particularly concerning is that there are many organizations that do not even realize that buddy punching is occurring among their employees and when they do find out that it is being practiced, they are unaware of what to do about it.
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For many of these businesses that sniff out employees engaging in buddy punching, deciding how to stop it has become an arduous task. There are many time and attendance companies that offer technologies which arguably could be the fastest way at the cheapest cost to expedite the clock in/clock out process, but not the surest. Wouldn’t you want to know, without a shadow of a doubt that the technology you are using offers the only true way to be sure that buddy punching just isn’t going to happen? Biometrics is the only way to be sure.
Cutting through the clutter can be time consuming and confusing, you may find technology choices offer advantages, but no sure way to be absolutely certain to eliminate buddy punching, Evaluating the pros and cons of each technology to make a decision as to which would be the best solution to demonstrate accuracy and security but still achieve a high return on your investment should be the goal, and biometrics is worth researching.
What more and more companies are finding out is that time and attendance technologies like barcode scanning, RFID, Personal Identification Numbers (PIN’s) and manual punch clocks are less expensive short term fixes, but in the long run, they can be exploited and are susceptible to fraud rendering them a poor long term solution to buddy punching. What do these companies discover is a more viable long term solution? Biometric technology.
M2SYS has set up a Web site specifically devoted to eliminating Buddy Punching where companies can learn how to:
- Reduce payroll error rates & eliminate identity fraud
- Increase efficiencies
- Calculate return on investment by implementing biometrics and eliminating buddy punching
We also included a brief synopsis of a recent Case Study about a property management company who implemented biometric technology to stop buddy punching. For a more detailed version of the Case Study, please click here.
The evidence is clear, biometrics clearly is the most secure and effective method to eliminate buddy punching and maximize return on investment through a time and attendance software technology. Please visit M2SYS at Booth #156 during the National Retail Federation’s “Retail’s Big Show” in January and we will be happy to discuss in more detail exactly how biometric technology can help you to stop buddy punching once and for all and get you back to the business of building relationships and generating profits.
If buddy punching is a concern for, would you be willing to try biometrics? If no, what are your concerns about the technology?