Review of Related Literature

RFID student attendance monitoring system is a system that will take students
attendance by using RFID technology. This system mainly comprises of Nokia 6212
NFC mobile which is used as RFID reader, RFID tags which are embedded to the
students ID cards and Server machine which is likely computer. This system records
student’s attendance to an attendance database server. (Rodrigo, 2012) “With the help
of an attendance system, institutions and other organizations can save time and money.
When we talk about an attendance management system it is not specifically only for
schools or companies. It can be used everywhere where people in large number work.
Apart from saving time this system also helps in saving money of the organization which
was otherwise lost in monitoring, tracing and updating information. Cost spent on buying
supplies like ink, paper, files, sheets, pens, punching machines, and many more all can
be saved with the use of automated systems. This system benefits teachers,
management staffs in schools and colleges and managers in companies to easily view
all the collected data within a single click. This stored data is stored in a database and
hence is safely stored for years together. The same data is stored in documents are
sure to get misplaced soon in the near future. To avoid all such problems all the
organizations are using this system for a peaceful maintenance. This system can be
very beneficial for human resource departments too as they can view the records of
their employees and then provide salary to them. With this system issuing the salary
would not at all be tough for companies as they can very easily check the record of
employees and issue the salary. This system if used can be used for a long term
process. Archive data too can be obtained as the data base is updated every year with
a fresh set of important information and records.” (G. Radhakrishnan, 2012)

According to Nasir Uddin(September 10, 2011), for the developing economies like
Bangladesh capital market is like an engine for growth. It acts as an intermediary
between surplus units and deficits units. Whereas, transparent and investors friendly
business atmosphere is essential in capital market for building confidence of general
investors. There are a wide range of investors from well-known informed to
rumormonger, the gambler to complete risk avoider. So a common strategy from the
regulator should be taken to balance the whole market. The monitoring investigation,
grievance and legal department of DSE plays an important role to build up investor’s
confidence by providing service to its broker house as well as the investors. The bourse
has a strong monitoring cell, which prime objective is to provide a perfect working
environment by providing service to the member houses and investors. Since 2003 the
monitoring cell is doing its operation by a fearless team. Over the years, the department
has earned its trust and confidence and support through its enthusiasm. This paper is
an outcome of study conducted in DSE; the study has identified the reasons for some
irregularities in the stock market and tried to find out what are the loopholes to the
securities laws and regulations. The findings of the study revealed that the present
market is not limited with the high income people of the society; the small income
investors are also spontaneously invest their savings. The study indicated that for the
smooth functioning market the importance of the monitoring cell is evidently important.
The effectiveness of the monitoring cell is shown by the time series analysis and
contribution of monitoring in stock market. The study suggests that as the number of
brokerage houses are increased all over the country DSE has to improve its monitoring
system. And, the investors should be aware of their rights, responsibilities and duties.
However, the findings shows that in terms of problem identification the brokerage house
with the department of DSE is quite effective and playing a vital role in a capital market.
For the sake of stability and to maintain sustainable growth in the securities market
there is no alternative to complying with securities related rules. For this purpose the
Monitoring, Investigation and Compliance Department (MIC) of the Dhaka Stock
Exchange Limited has been continuing its monitoring related activities.

Aquilan (2004) made a comparable thesis on the automation of time attendance that
records the time in and time out of every employee using barcode system. It tends to
eliminate the manual recording system of time and attendance and also include salary
computation of each employee based on the time and attendance reports.

Ramon Faloran (2005) wrote in the article “The Computer Edge of the New Employment
and Opportunities “in the Philippine Daily Inquirer. He stated that computer gives you
different feeling about what is happening in the company. Business will be highly
competitive and innovative because the computer provides instant information.

Study by Cantoma (2004) in her thesis entitled “Computer Library System for St. James
Academy” stated that, in manual system in retrieving, maintaining security and piling
records take place because of the years gone by. Furthermore, these files were only
kept in envelopes and folders in wooden rocks. There are also instances when the right
information is given to a wrong person, which affect quality of service.

Mendrez (2007) made a similar study for Vision Designer Inc. It has an identification
machine aimed at verifying a person entering through the swiping of identification cards.
After entering their given code number, the identification cards are swiped in the
machines card reader to trigger the verification. If access granted, the micro switch will
then automatically unlock to allow enter. This will help a lot in monitoring attendances
accurately and more precise. A group of computer engineers in Rebisco Biscuits
Corporation proposed a thesis report for what is the same Innodata Corps is
implementing right now a computerized daily time record as an alternative for Bundy
clock. The means of getting inside the company premises is by swiping cards into a
machine that reads every record of each employee then monitor and displays the time a
particular employee logs in and out. In the 2005 annual report of the Forest Products
Research and Development Institute under the Department of Science and Technology,
it is said that, “The computerized database and attendance on Forest Products
Research and Development Institute was designed to facilitate the Institute's data entry,
processing, computation and maintenance of employee time and
attendance transactions. The system allows employees to log in/out as the swipe their
IDs through a barcode reader attached to a computer terminal. The processing forms
include those for legal holidays, travel order, tardiness, under time, vacation and sick
leave. Pertinent Report forms have been designed for easier access to all these
data.”

According to Primer (2005), for many businesses automating the collecting of employee
attendance data when employees begin their shifts is still a manual process.
Even business that has automated or computerized processes such as scheduling,
inventory, purchasing, general ledger and payroll processing still use manual methods
such as time cards or attendance sheets to collect time and attendance data. NOVA
time (2007), the system that will give management the power to not only utilize the tools
we have available to us today, but will continue to grow and evolve, giving it the
capability to incorporate and utilize the tools the new millennium promises to bring us.
NOVA time has brought a system designed for growth while maintaining the maximum
in flexibility. Where the sophistication lies within the programmed mechanism of the
system, allowing for a quick and simple implementation and employee training cycle.
After all the true test of a system is not only in the production and wealth of reporting,
but in the simplicity and ease of its operation, in conjunction with a simple and
accommodating implementation program.

Columbia State Community College (2006) uses computer identification account (Log In
Name and Password) for access to the institutions computer usage logs occurs
electrically through the individual users log in/out process. Users are
also informed that they are responsible for any computer file’s,
database and/or internet sites that are accessed through their computer identification
account, notwithstanding their failure to adhere to the log in/out process, on their
voluntary publication of their account information to others. FOREIGN STUDY My Time
Force (2006), Time Force is the key to proficient and successful time tracking and
management in your workplace. It is a software-based time and attendance system that
allows the user to collect and organize employee time data simply and accurately.