As a business owner, you know that keeping track of your employees' time and attendance is essential. Especially since an accurate payroll system is a requirement to satisfy the Department of Labor (DOL). Manual punch cards may have been the go-to in the past, but today's technology has brought about more effective options like biometric time clocks. But if you’ve landed on this article, you’re probably wondering, how much do biometric time clocks cost?
Let's take a look at the cost of biometric time clocks and their different types to help you decide which one fits your business needs and budget.
But first, do you really need a time clock? Watch this short video to find out.
What are the Different Types of Biometric Time Clocks?
When it comes to biometric time clocks, there are various types, and each has its price range, such as:
The Finger Reader
The least expensive option is the finger reader, which costs around $500.
The finger reader, or fingerprint time clock, is the “entry level” type of biometric time clock. It reads the unique shape of a person’s finger. The clock then compares the unique shape with the stored fingerprint in its database, therefore eliminating “buddy punching”.
The Face Reader
The face reader is another type of biometric time clock, and it costs approximately $1,000.
The face reader is a type of biometric time clock that uses facial recognition technology to identify employees. It works by using cameras and artificial intelligence (AI) to scan a person’s face, then compares it against pre-stored data points in its database. If the image matches one stored in the database, the employee is identified successfully.
The face reader is a contactless time clock that works quickly and accurately. It eliminates the need for employees to touch the clock, so a line of employees can quickly clock in/out.
Additionally, because it’s touchless, it creates a germ-free way for employees to clock in/out.
The Combo Face Reader and Finger Reader
Finally, there is the combo face and finger reader biometric time clock, which is the most expensive option at about $1,200.
The combo face reader and finger reader is a biometric time clock that offers the option to use either the face reader or finger scanner. This allows for greater flexibility and accuracy.
All in all, biometric time clocks are a great investment for businesses that want to increase accuracy and efficiency in their time and attendance tracking. And with the various types and prices available, you can choose what suits your budget.
If you found this article helpful, here are some others you might like:
- The Biometric Time Clock: Everything You Need to Know (with examples)
- Fingerprint Time Clock: How Can it Benefit Your New York Business?
- Buddy Punching: How Biometric Time Clocks Can Help
- The Pros and Cons of Paying Employees with Payroll Paycards
- Why Employee Printback Checks are Good for Your Business
- How Will the New York State Secure Choice Retirement Savings Program Impact Your Business
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