A 2015 study by Forrester research estimated that password reset requests cost organizations $168 per employee per year. Although seemingly simple, alphanumeric passwords are surprisingly costly to maintain. While biometrics can have significant upfront costs, savings add up over time.
They do not leverage infrared cameras like iPhone X’s TrueDepth camera, and thus can be less accurate. TSheets Kiosk uses flat image facial recognition for punch clocks. But are certainly less accurate than using infrared cameras. Some time clock systems, like TSheets or Buddy Punch, reduce cost further by using your existing webcam or smartphone camera for flat image facial recognition.
A 2015 study by Carnegie Research estimates that the cost of a single fingerprint sensor for use in a smartphone will fall from $5.50 in 2014 to $2 by 2020. “Fingerprints require fingerprint readers, facial recognition requires special infrared cameras to work well, and retinal scans are even more cumbersome,” he told SecurityWeek.īut the underlying technology has steadily fallen in price. Besides software, you need to consider hardware costs. Costsīiometric identification systems can be costly depending on the type of device, Counts says. Read on for information on cost, security, implementation, user resistance, and what to look forward to. “Most important, its accuracy in identifying the person using the device eliminates buddy punching.”īiometrics aren’t for every business.
“Biometrics do away with the need to remember passwords, and you don’t have to worry about losing or forgetting badges,” says Elizabeth Counts, COO of LightWork Software, an HR software developer. The major benefits of biometric time clocks are convenience and accuracy–it’s hard to fake a person’s unique characteristic. The Nucleus study found that biometric time clock software–systems that use our physical characteristics such as a fingerprint, eye, face or voice to authenticate identify–reduces buddy punching and payroll error. The study also found that 16 percent of employees surveyed admitted to clocking in for a colleague.īack in 2009, Nucleus Research, a global IT services firm, reported that three out of four companies experience loss from buddy punching. Put another way, buddy punching on average costs $298 per employee per year. companies more than $373 million annually. QuickBooks Time (formerly TSheets) recently estimated that buddy punching–when one employee clocks in for a coworker who is late for work–costs U.S.