The face recognition attendance system market is expected to scale from $1.37 billion in 2022 to $4.88 billion in 2030. The global CCTV camera market will grow from $31.88 billion in 2021 to $105.20 billion by 2029.
The demand for security and convenience solutions is increasing daily. Moreover, solutions that can easily integrate with the existing system will remain in demand for the coming years as they save cost.
Combining CCTV cameras with a time and attendance system is a rising market opportunity that provides all the necessary benefits organizations require. Today, we will uncover the advantages of such a solution for enterprises beyond time and attendance.
Table of Contents
3 Reasons to Implement CCTV Attendance Systems in Organizations Today!
Cost Effectiveness
The average cost of a CCTV camera can range from Rs 1600 to Rs 75000 or even more. It depends on the features like total megapixels, camera quality, vision length, and other factors. Moreover, an organization often has at least two or more cameras for security reasons.
On the other hand, the cost of a time and attendance system starts from Rs 80 per user, which means that if you have 60 users, it will cost Rs 4,800 per month and Rs 57,600 annually.
So, the average cost of both systems would be much higher than that of a CCTV face recognition attendance system. Therefore, implementing face biometrics into surveillance cameras is a cost-saving solution.
Accuracy in Productivity Hours
According to the American Payroll Association, an employee’s average weekly time theft is 4 hours and 5 minutes. Such time is spent on tasks unrelated to work. Incorporating CCTV face detection for workforce management can significantly reduce this number.
It can determine the hours spent in meetings, training, one-to-one discussions, interviews, extracurricular activities, and other tasks. Moreover, it highlights the tasks the employees spend most of their time on.
Besides this, such an attendance system can be customized to track breaks, lunch durations, outings, and other aspects. As a result, HR and managers can identify the most productive employees of the month, quarter, or year and even reward them for employing good work practices.
Automation of Time and Attendance
CCTV-based Attendance Management System can reduce the effort required to understand a separate system and eliminate the use of RFID or chip cards. It doesn’t rely on carrying physical hardware and accurately determines the check-in and check-out times without manual intervention.
Additionally, the CCTV face attendance solution eliminates the risk of time theft, as it requires the physical presence of the employees. Integrating biometrics and liveness detection into the surveillance system also removes the risk of tampering or spoofing, which is significantly possible with RFID or chip cards.
Furthermore, an effective CCTV face attendance system also emails the employee with live timestamps and geolocation. As a result, the employee doesn’t have to face the hassle of checking the attendance on an app or web platform.
Conclusion
CCTV facial tracking for attendance will soon become a part of many global enterprises due to its numerous advantages. Using existing technology, such as CCTVs or IP cameras, to track attendance primarily saves the organization money.
However, the solution’s most significant advantage is real-time and accurate time records, which enhance the enterprise’s security and the end user’s convenience. Unlike other specialized hardware solutions for time and attendance management, it requires no physical touch or hardware for operation.
Such a solution works solely by recognizing the users’ facial biometrics. It can quickly adapt to many primary CCTV cameras. Contact us to see a live demo of the solution and implement it at your organization.