TimeClock identifies employees as they are punching in and hopes to reduce ‘buddy punching,’ which can cost businesses up to 6% of their annual payroll.
Startup Kairos’ new app TimeClock uses facial recognition technology to identify employees as they punch in for work. This enables businesses to effectively manage their workforce and virtually eliminates improper activity such as ‘buddy punching,’ –when coworkers punch in for each other when they’re not actually at work–which can reportedly cost companies up to 6% of their annual payroll.
TimeClock’s facial recognition platform reduces timecard inaccuracy by correctly identifying the person who is punching in. Kairos has lined up a number of businesses to take part in its beta launch, including small stores, supermarkets, hospitals, and consulting firms.