Attendance Management System For Startups, Before we start breaking down the different aspects of Attendance Management System, let’s talk a little bit about start-up culture and how does it work.

So, what is a start-up?

investopedia.com defines a start-up as ‘companies or ventures that are focused around a single product or service that the founders want to bring to market.’ These companies typically don’t have a fully developed business model and, more crucially, lack adequate capital to move onto the next phase of business. Most of these companies are initially funded by their founders.

How do start-ups work?

To an outsider or a layman, a start-up’s work should look like any other company’s work. What distinguishes a start-up from any other company is the way they go about doing their everyday tasks. Regular companies duplicate what’s been done before. A prospective restaurant owner may franchise an existing restaurant. That is, they work from an existing template of how a business should work. A start-up, on the other hand, aims to create an entirely new template. This also points to another key factor that distinguishes start-ups from other companies: speed and growth. Start-ups aim to build on ideas very quickly. They often do this through a process called iteration in which they continuously improve products through feedback and usage data. Oftentimes, a start-up will begin with a basic skeleton of a product called a minimum viable market (MVP) that it will test and revise until it’s ready to go to market.

Is building a start-up a good idea?

We don’t know. Is it? According to a report by NASSCOM-PGA Labs, Indian start-ups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the unicorn club. Looks like a big number, doesn’t it? We’re not saying that building a company from scratch is going to be a piece of cake but angel investors are pouring a lot of money into the market which is indeed a huge incentive to try and achieve your dream of having your company.

Hopefully, by now, you have a fair idea of what start-ups actually are and how they’re performing in 2021. Now let’s talk about Attendance Management System.

So, what is Attendance Management System?

Attendance Management System For Startups, keep track of your employee hours. It is the system you use to document the time your employees work and the time they take off. Attendance Management can be done by recording employee hours on paper, using spreadsheets, punching time cards, or using online attendance software for your company. This system consists of different ways and types and a company can choose any way which suits it the best. Different types of Attendance Management Systems are as follows:

1) Biometric attendance software

A biometric attendance system essentially verifies the identity of the employee and captures one’s time of entry and exit using his or her fingerprint. Such systems are very popular today and for good reasons. This prevents any chances of buddy punching that can affect the productivity of an organization as a whole.

2) Break-time Tracking Software

With a software like this, employees can punch in and punch out multiple times throughout the day. The first punch-in is treated as the employee’s entry into the company premises. Thereafter, every punch out and subsequent punch-ins are treated as a break from work. The time phase between each punch-out and punch-in is treated as one break.

3) Online Attendance Management Software

A timekeeping system that offers a web login facility is generally known as an online attendance management software. These functions use cloud technology to ensure that one’s attendance data can be accessed and logins and logouts performed from virtually any location with an internet connection. Logins and logouts can also be performed with ease at the simple click of a button – a convenience many employees expect in our digital age. Such systems also come in handy when you have a large part of the workforce that’s working remotely, at client locations or in outbound sales roles.

Why are these systems important?

Every organization should have an Attendance Management System for employees. Its system needs to comply with the Fair Labour Standards Act timekeeping requirements, regardless of how it implements it.

Attendance Management Systems allow the company to calculate the hours for which employees work accurately. This is especially beneficial if it has employees working on an hourly basis. If it has salaried employees, it can always see how often employees are working. Tracking employee time will also let the management know if employees are punctual. This only works if the company requires employees to document the exact time they enter or leave. Attendance Management System For Startups , also allows to keep track of how many days off employees used. This is crucial if the business has a policy that lets employees use a certain number of sick or vacation days.

In a start-up, the company is always trying to stay active and as punctual as possible. This becomes all the way more important due to the high level of competition in today’s start-up market. If the employees don’t work at full capacity, it might affect the new business’ chances to succeed and survive. That is why Attendance Management Systems are an integral part of the start-up market to help a company keep track on the productivity of new employees.

What is truMe?

Attendance Management System For Startups , It is an IoT based solution that gives an establishment real-time configurable Access regime, central visibility, differential access, multiple authentication options, customized reports & analytics. Unlike the legacy Access Management Systems, which are standalone and are completely dependent on hardware, truMe is a state-of-the-art platform, which ensures great flexibility to write access rules, gives real-time visibility to attendance & access events and has in-built reporting & data analytics. It offers a global platform for Identity and Access Management that delights the users with its service.

Security Features:

1) AES 256-bit encryption and data on cloud behind a firewall

2) End to end encryption ensures that data between truMe app, AGCs and server always travels in encrypted form and can be read only by the truMe application

3) All API calls to truMe platform as well as truMe Location Server are Secured HTTP calls (https:)

4) Direct access to any server is not allowed from outside

Advantages:

1) Touch-less, hygienic interfaces – The company provides touchless interactive interfaces that have become a necessity during COVID-19 crisis.

2) Option of multiple interfaces – The company provides solutions on multiple interfaces to satisfy the needs of maximum number of users. Different platforms include App, QR, Face Recognition, phone biometrics etc.

3) Geo-location record – The interface records the geographical location of person at the time of attendance providing an accurate data on presence of employees.

4) No hardware – The company feels pride in its state of the art no hardware interface. There is no upfront cost involved whatsoever.

5) Conserve cash – The company keeps customers’ pockets in mind while providing its services. Customers can pay on a ‘per-user per-month’ basis.

6) Cloud based digital system – The company stores and relays data through a cloud-based server so the users never have to face a blackout or any kind of inconvenience.

7) Individual Employee Tracking – An employer can put a certain individual on a watchlist to get an idea about the performance of the employee.

8) Intelligent Control – If the user wants, they can hand over the control to the system and it will intelligently handle access of the individuals.

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