The saying “time is money” has become a trite and oft-repeated maxim in this day and age. What is true, however, is that understanding and regulating time is a crucial aspect of running a business. The time clock attempts to carry out this regulation and enable fuller work days as well as well-documented hours. The very first time clock was created in 1888 by a Mr. Bundy, a New York jeweler. Although they have come a long way since, the basic concept of the time clock remains the same: it is a device designed to count the working hours of each individual employee—so that payment can be made fairly at the end of the month.
The age of computers completely changed how the time clock worked—no longer do we use punch-cards in an increasingly paperless era. IBM had a hand in helping the time clock to meet the standards of new technology. The modern time clock is absolutely stunning in design and function. Using such technology as biometrics (finger prints or palm prints) the modern time clock flawlessly tracks employees entering and exiting a building. The information is then all collected into a central computer that calculates the exact amounts for pay day. This has streamlined the process, saving everyone a lot of time and money in the process.
Finding the right time clock for your company can be a long process- there are many models and they each offer their own perks and downsides. The time clock you choose should be compatible with the computer system you have already installed in your place of business—making sure this is the case can save you hours of work in the future. You won’t regret your interesting the time clock—it will help you make money and time.