Maintaining profitability in a fighting economics is never a simple task for any business owner. Throughout the latest downturn thousands of companies are forced to sharply reduce their operating prices with corporate layoffs being the first measure for most business owners. Payroll associated prices are often the largest burdens for companies during periods of impacted earnings forcing supervisors to reduce hours and eliminate positions. As a company owner, what if you might considerably reduce payroll related costs by planting a more accurate and powerful time attendance system? Well, you may! Emerging biometric time and attendance systems have been in popular demand nowadays and for valid motive - they save business owners money. 

Biometrics has progressed significantly over the previous five years and market growth continues to be unprecedented with fingerprint certification and facial recognition technology anticipated to grow into a 4.6 billion dollar business by 2012. Currently, most consumer products that use biometric technology make utilization of fingerprint certification scanners that determine a person with the simple scan of the fingerprint. The biometric scanning device does not physically seize the users fingerprint per say, nevertheless, it creates a mathematical representation of a people biometric information with fingerprint ridges being the key id points. This is important to notice as many who're unfamiliar with biometric fingerprint certification usually have privacy concerns about their fingerprints being saved into a remote database. 

Modern biometric scanners store fingerprints as numerical treatments without ever storing a user complete print. The process is straightforward and since most fingerprint scanners provide 500dpi resolution, certification usually takes less than one second with false certification rates of less than.0000 2%. Even though biometrics has seen the greatest growth in government, economic, and medical applications, biometrics has become more and more popular in time and attendance solutions bring innovative change to company owners. With conventional time and attendance systems, workers or manually punch a time card, type in an electronic PIN, or swipe a card with magnetic or RFID code which has been pre programmed into the card. While most modern enterprises rely on digital time and attendance systems, latest studies suggest that over 30 percentage of companies depend on conventional time card based systems with a HR Manager manually determining hours each pay period. Elecronic systems can instantly reduce the hours spent in determining time cards, nevertheless, loopholes exist for workers to cheat the system to record falsified hours worked - a phenomenon known as Buddy Punching. Buddy Punching relates to when an employee fraudulently enters time stamps for another employee.

http://www.check-time.com