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Time Clock
A time clock, sometimes known as a clock card machine or punch clock or time recorder, is a device that records start and end times for hourly employees (or those on flexi-time) at a place of business. In mechanical time clocks, this was accomplished by inserting a heavy paper card, called a time card, into a slot on the time clock. When the time card hit a contact at the rear of the slot, the machine would print day and time information (a timestamp) on the card. One or more time cards could serve as a timesheet or provide the data to fill one. This allowed a timekeeper to have an official record of the hours an employee worked to calculate the pay owed an employee. The terms Bundy clock, bundy clock, or just bundy''Bundy.'' (n.d.). ''Collins English Dictionary'' – Complete & Unabridged 10th Edition. Retrieved April 10, 2014, from Dictionary.com website: http://dictionary.reference.com/browse/bundy have been used in Australian English for time clocks. The term comes from br ...
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Clocking Device
In computing, the clock rate or clock speed typically refers to the frequency at which the clock generator of a processor can generate pulses, which are used to synchronize the operations of its components, and is used as an indicator of the processor's speed. It is measured in the SI unit of frequency hertz (Hz). The clock rate of the first generation of computers was measured in hertz or kilohertz (kHz), the first personal computers (PCs) to arrive throughout the 1970s and 1980s had clock rates measured in megahertz (MHz), and in the 21st century the speed of modern CPUs is commonly advertised in gigahertz (GHz). This metric is most useful when comparing processors within the same family, holding constant other features that may affect performance. Determining factors Binning Manufacturers of modern processors typically charge premium prices for processors that operate at higher clock rates, a practice called binning. For a given CPU, the clock rates are determined at th ...
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Computing-Tabulating-Recording Company
The Computing-Tabulating-Recording Company (CTR) was a holding company of manufacturers of record-keeping and measuring systems subsequently known as IBM. In 1911, financier and noted trust organizer, "Father of Trusts", Charles R. Flint amalgamated (via stock acquisition) four companies: Bundy Manufacturing Company, International Time Recording Company, the Tabulating Machine Company, and the Computing Scale Company of America; creating a fifth company – the Computing-Tabulating-Recording Company. CTR was initially located in Endicott, New York The amalgamated companies had 1,300 employees and manufactured a wide range of products, including employee time-keeping systems, weighing scales, automatic meat slicers, and punched card equipment. CTR was renamed as the International Business Machines Corporation (IBM) in 1924.
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European Working Time Directive
Working Time Directive''2003/88/ECis a European Union law Directive and a key part of European labour law. It gives EU workers the right to: *at least 28 days (four weeks) in paid holidays each year, *rest breaks of 20 minutes in a 6 hour period, *daily rest of at least 11 hours in any 24 hours; *restricts excessive night work; *at least 24 hours rest in a 7 day period; *a right to work no more than 48 hours per week, unless the member state enables individual opt-outs. It was issued as an update on earlier versions from 22 June 2000 and 23 November 1993. Since excessive working time is cited as a major cause of stress, depression, and illness, the purpose of the directive is to protect people's health and safety. A landmark study conducted by the World Health Organization and the International Labour Organization found that exposure to long working hours is common globally at 8.9%, and according to these United Nations estimates the occupational risk factor with the large ...
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RFID
Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. An RFID system consists of a tiny radio transponder, a radio receiver and transmitter. When triggered by an electromagnetic interrogation pulse from a nearby RFID reader device, the tag transmits digital data, usually an identifying inventory number, back to the reader. This number can be used to track inventory goods. Passive tags are powered by energy from the RFID reader's interrogating radio waves. Active tags are powered by a battery and thus can be read at a greater range from the RFID reader, up to hundreds of meters. Unlike a barcode, the tag does not need to be within the line of sight of the reader, so it may be embedded in the tracked object. RFID is one method of automatic identification and data capture (AIDC). RFID tags are used in many industries. For example, an RFID tag attached to an automobile during production can be used to track ...
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Barcode
A barcode or bar code is a method of representing data in a visual, machine-readable form. Initially, barcodes represented data by varying the widths, spacings and sizes of parallel lines. These barcodes, now commonly referred to as linear or one-dimensional (1D), can be scanned by special optical scanners, called barcode readers, of which there are several types. Later, two-dimensional (2D) variants were developed, using rectangles, dots, hexagons and other patterns, called ''matrix codes'' or ''2D barcodes'', although they do not use bars as such. 2D barcodes can be read using purpose-built 2D optical scanners, which exist in a few different forms. 2D barcodes can also be read by a digital camera connected to a microcomputer running software that takes a photographic image of the barcode and analyzes the image to deconstruct and decode the 2D barcode. A mobile device with an inbuilt camera, such as smartphone, can function as the latter type of 2D barcode reader using special ...
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Magnetic Stripe Card
The term digital card can refer to a physical item, such as a memory card on a camera, or, increasingly since 2017, to the digital content hosted as a virtual card or cloud card, as a digital virtual representation of a physical card. They share a common purpose: Identity Management, Credit card, or Debit card. A non-physical digital card, unlike a Magnetic stripe card can can emulate (imitate) any kind of card. Other common uses include loyalty card and health insurance card; physical driver's license and Social Security card are still mandated by some government agencies. A smartphone or smartwatch can store content from the card issuer; discount offers and news updates can be transmitted wirelessly, via Internet These virtual cards are used in very high volumes by the mass transit sector, replacing paper based tickets and earlier MagStrip cards. History Magnetic recording on steel tape and wire was invented by Valdemar Poulsen in Denmark around 1900 for recording au ...
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Time And Attendance
Time and attendance systems (TNA) are used to track and monitor when employees start and stop work. A time and attendance system enables an employer to monitor their employees working hours and late arrivals, early departures, time taken on breaks and absenteeism. It also helps to control labor costs by reducing over-payments, which are often caused by paying employees for time that are not working, and eliminates transcription error, interpretation error and intentional error. TNA systems can also be used to ensure compliance with labor regulations regarding proof of attendance. Manual systems 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. Automated systems Modern automated time and attendance systems ...
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Kronos Incorporated
Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide. In February 2020, the company announced a merger with Ultimate Software and that the combined company would be led by Aron Ain and be called Ultimate Kronos Group. The merger was officially completed on April 1, 2020. History Kronos was founded in 1977 by Massachusetts Institute of Technology (MIT) and Simon Business School alumnus Mark S. Ain. Under Mark Ain's leadership, Kronos sustained one of the longest records of growth and profitability as a public company in software industry history. In 1979, Kronos delivered the world's first microprocessor-based time clock and, in 1985, delivered its first PC-based time and attendance product. In 1992, Kronos became a publicly-traded company on NASDAQ. Aron Ain, succeeded his brother Mark Ain as chief executive of ...
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Management Buy-out
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ...
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Simplex Time Recorder Company
SimplexGrinnell, a subsidiary of Johnson Controls, is an American company specializing in active fire protection, active fire protection systems, communication systems and testing, inspection and maintenance services. The company headquarters is in Boca Raton, Florida, Boca Raton, Florida; corporate sales and marketing offices are in Westminster, Massachusetts, Westminster, Massachusetts, and the company has about 160 district offices throughout North America. It is currently the largest fire protection company in the world. Grinnell Fire Protection was purchased by Tyco in 1976. Tyco bought Simplex Time Recorder Company on January 5, 2001, for US$1.15 billion and merged it with Grinnell Fire Protection, forming SimplexGrinnell. The time clock division of Simplex was sold to Kronos Incorporated, Kronos shortly afterward. On September 6, 2016, Johnson Controls and Tyco completed a merger. In May 2017, Johnson Controls announced that the brand identity of SimplexGrinnell will be tran ...
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Gillette, Halbert Powers
Halbert Powers Gillette (1869–1958) was an American engineer and prolific author of textbooks and handbooks for the engineering and construction fields. Biography Born on August 5, 1869, in Waverly, Iowa, to Theodore Weld and Laetitia S. (Powers),"GILLETTE, Halbert Powers, Editor, engineer" in: ''WHO WAS WHO IN AMERICA,'' Vol. III 1951–1960 Gillette attended the Hammond Hall Academy in Salt Lake City, from which he graduated in 1886. Six years later in 1892, he received his engineering degree at the School of Mines at Columbia University, where he was classmate of Edward B. Durham. After some years working in the industry, Gillette served as assistant New York State Engineer under Campbell W. Adams from 1896 to 1898. The next three years he worked as a contractor, and from 1903 to 1905 he was associate editor of the ''Engineering News''. In 1905, he founded Scranton Gillette Communications, Inc., where he became president. From 1906 to 1907, he served as chief engine ...
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