Originally known as Coastal Data Products since 1973, Smart Clock became the newest division of Desco Industries Inc., on October 21, 2008. Smart Clock is a manufacturer and marketer of computer based automated time and attendance systems. Smart Clock manufactures
time and attendance systems out of our Miami, Florida facility.
The Smart Clock software is called Out of the Box Time and Attendance System. This system is designed to interface with the Smart Clock hardware exclusively. Smart Clock provides sales and technical
support. A 90-day technical support and warranty includes software installation and database setup, software support, hardware support, manufacturer maintenance and repair should the hardware become inoperable due to factory defects. An Annual Maintenance Plan is also available which includes 1-Year maintenance agreement for a one-time fee, unlimited manufacturer maintenance and repair, unlimited software and select hardware support.
Over many years, businesses have had “Punch clocks.” As technology and business needs change, the ways to “punch in” have changed as well. This progression of technology is reminiscent of a recent cell phone TV commercial. The commercial can be seen at http://www.youtube.com/watch?v=HdLtWVy1DQI
#1 – Computerized Data Collection and Tracking: With paper timesheets, a person needs to manually tabulate and total each employees’ hours, lunches, and breaks. This process depends entirely on the person’s own accuracy. When it comes to an employees paycheck, there are two results: accurate or inaccurate. The only option for such an important document, such as a paycheck, is to be 100% accurate. Industry standards estimate that payroll accuracy can be improved up to 3% by upgrading to a computer-based Time and Attendance System. For a business with revenues of $250,000 annually, and 30% payroll expense ($75,000 per year), the savings could be up to $2,250 per year.
#2 – Eliminate “Buddy Punching” – “Buddy Punching” is a phrase that is used to describe a situation when an employee clocks in for work, or lunch, when they aren’t physically ready for work. This can be stopping at the time clock before they park their car, to even calling ahead to another employee and asking them to “clock me in.” This situation erodes all accuracy of the company’s payroll records. The direct cost can be seen in over reported time, thus over reported payroll dollars. The other, seldom considered, effect of this is over reported Worker’s Compensation Insurance premiums. Worker’s Compensation Premiums are based on payroll dollars, usually a percentage per $100 in payroll. With over reported time, employees “pad their paychecks” and also cost the company with Workers Compensation premiums. The indirect cost of this activity is that the employee is figuring out ways to get around company policy for their own benefit. Left unchecked, this mindset can lead to taking other shortcuts in the workplace.
#3 – Ease of Data Access – There are various situations in business that require an efficient lookup of Time and Attendance records. The first situation most people think of is easy: payroll. With timecards, the employer has a responsibility to protect the timecards, since they contain important data. A distraught or disgruntled employee could destroy others timecards or modify them. Beyond payroll cycles, other situations require lookup of time data: Quarterly or Annual employee reviews often use their attendance records as a guide to promotion or raises. Worker’s compensation premiums may be contested by your insurance company, in which case, the insurance company may request the actual time data for the employees to verify the reported dollars. Finally – the various governmental requests for this information make the need for an organized system important; worker’s compensation claims, wage claim investigations, overtime investigations are only a few of the situations that can arise. By having a computerized Time and Attendance System, your company will gain better control of its Time and Attendance records, which has many advantages over the standard “Punch Clock.”