Return on investment (ROI) is a major determinant in the decision-making process of specified software purchases. The key point is “improvement” in various aspects such as operation and discipline but most importantly in terms of money. It is a fact that labor cost is a huge cost in many businesses. Let us base it on a simple calculation; if one personnel’s tardiness for one hour costs a company around USD20, imagine the losses incurred for five hours of tardiness from five employees. You have just lost USD500 and this is only the beginning. A laidback attitude in monitoring staff time and attendance could lead to underestimated losses, which a company could easily overcome through automation.
This article elaborates on the downside of manual attendance calculation and how automation can save a company a lot of money in a short period of time.