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An ADP Model 4500 timecard reader. Factory workers may often have a "time card" (also known as punch card) and "punch in" by inserting their card into an automatic timestamp machine (called a time clock or bundy clock) when starting and ending their work shift, though other card technologies such as swipe cards have become more prevalent.
Learn how automatic payroll systems work and benefit small businesses. Then consider the costs and decide if you should add this service. Online Payroll Software and Service: A Guide for Beginners
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[The first] is a time card recorder, which is a clock so made that it will automatically stamp on a card inserted in a slot in the clock by the workman the time of his arrival and of his departure. The cards are made to hold a record covering the pay period and need no attention from a timekeeper or clerk until the termination of this period.
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Time-tracking software are computer programs that allows users to record time spent on tasks or projects. Time-tracking software may include time-recording software, which uses user activity monitoring to record the activities performed on a computer and the time spent on each project and task.
Traditionally manual systems were used that rely on paper cards which have times stamped onto them using a time stamping machine.Such machines were used for over a century but have since been phased out and replaced with cheaper automated systems which eliminate the need for payroll staff to manually input employee hours.
In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc., removing about US$2 billion from ADP's total yearly revenue. [11] ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.