Return of investment of biometric Time&Attendance system

Example

Attachment - example of counted return of investment with following reference figures:
150 employees, investment 5 171,50 Euro, counted return of investment: 2,28 months

Benefits from biometric Time&Attendance system:

• Immediate review of attendance/absence of employees in work, increasing working discip line

• Elimination of „black“ hours and possibility of cheating, new enterprise culture

• Steep fall of controversial „passing“ which have to be judge by supervisor

• Zero costs of new employee insert/cancel into/from system, temporary service employees, team-workers, etc.

• Zero costs to administration of identification cards (e.g. RFID cards)

Benefits from electronic processing of Time&Attendance agenda (e-processing):

• There does not exist manual counting of working hours by each employees

• Elimination of „manual“ processing, manual entry related only to incorrect records: errors, absences, etc.

• Speed up controlling of employee attendance records (overtime, absences, etc.) by supervisor

• Speed up controlling of complete Time&Attendance agenda – personal department

• Elimination of manual typing of Time&Attendance data into salary system – payroll accounting department