The nice thing here is that the vendor handles all of the hosting, maintenance and upgrade duties. If you don’t have your own servers though, or an IT team to manage them, this option may be impractical.Ĭloud-based time clock software, on the other hand, is hosted on the software vendor’s servers and is accessed using a web browser and internet connection. This deployment model enables you to manage your own data and connect to the system without needing an internet connection. On-premise time clock software is hosted internally on your company’s own servers. With time clock software, and most software in general, there are two deployment options that buyers can choose from: on-premise and cloud-based (also known as web-based or software-as-a-service). Software Advice Total Cost of Ownership Calculator As our Total Cost of Ownership Calculator shows, the costs for each option tends to equal out over time. Your subscription price may be a flat fee, for example, $20 per month, or it could be based on how many employees will use the system-something like $5 per employee per month.ĭepending which licensing option you go with, and which deployment option you choose (see below), be sure to budget accordingly. With subscription licensing, you pay to use the software on a monthly or annual basis. Don’t be surprised to pay $10,000 or more with this model. This requires a considerable investment initially, but costs decrease substantially over time. With perpetual licensing, you pay for the software upfront to use it indefinitely. The cost of employee time clock software depends on what type of licensing model your vendor uses: perpetual licensing or subscription licensing. In addition to the features above, some employee time clock platforms have advanced functionality for things like: Use time clock data to calculate accurate wages and overtime pay. Track the accrual and usage of paid time off (PTO). See how many hours anyone has worked in a given time period. Track hours with a computer, tablet or smartphone. Looking at the many employee time clock software options, here are some of the common capabilities you can find: Clock in and out Security Features to Look for in Employee Time Clock Apps Is This Different From Time and Attendance Software? How Much Does Employee Time Clock Software Cost? Common Functionality of Employee Time Clock Software
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