According to an anonymous survey conducted by Kessler International of 500 employees laboring in various retail and service industries, over 30% admit to falsifying time cards at their place of employment.
What are the top ways team members inflate hours on time cards?
- deliberately clocking in early
- deliberately clocking out late, and
- buddy punching
These three forms of employee time and attendance fraud account for an average of 4.5 hours per week, per employee, of unrealized time being cataloged.
In a business with 5 employees, each earning a wage of $10 per hour, this can result in over $11,000 in overpaid payroll, which is lost profit for your organization.
Accurate Data Payroll Processing can help you avoid this widespread misconduct with TimeWorksTouch and PunchLogic; a new system that helps you keep more precise records of staff member time, and helps you avoid the expenses of early, late, and buddy punching.
We invite you to contact us at 440-614-2501 and we’ll show you how TimeWorksTouch can pay for itself in a few weeks.
http://www.fierceceo.com/human-capital/take-u-s-small-businesses-lose-average-nearly-300k-annually-to-employee-theft
UPGRADE TODAY
Accurate Data Payroll Processing offers WorkforceHUB, the Human Resources Management System (HRMS) that makes it easy to optimize the performance of your supervisors, employees, and company workflows.
WorkforceHUB includes TimeWorksPlus, TimeSimplicity, TimeWorks Mobile, and ApplicantStack. We’ve just added recruiting, onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB was designed for busy employers like you who need to reduce cost-per-hire, streamline scheduling, automate time tracking, maintain regulatory compliance, and lower labor costs.
How much can you save? Check our Accurate Data Payroll Processing ROI Calculator.
We can get you up and running with WorkforceHUB immediately. Contact us today to set up a demo.
Recent Comments