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For any business, investment in time and attendance software often takes a backseat to improving patient care, customer retention, or finding new customer acquisition methods. The time clocks already in place can lead to inertia —
an unwillingness to switch to a more efficient and cost-effective system despite obvious financial advantages.
The switching costs that come with a new system pale in comparison to the money lost using outdated and inefficient time tracking methods. According to a recent article in the Harvard Business Review , a study by AffinityLive concluded that the U.S. economy loses $7.4 billion a day in productivity due to inefficiencies.
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