According to an anonymous survey conducted by Kessler International of 500 employees employed in various retail and service industries, over 30% admit to falsifying time cards at their place of employment.
What are the most common ways team members exaggerate hours on time cards?
- deliberately clocking in early
- intentionally 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 worker, of unrealized time being documented.
In a company with 5 employees, each working at $10 per hour, this can cause over $11,000 in overpaid payroll, which is lost earnings for your company.
Absolute Payroll Inc can help you avoid this prevalent scam with TimeWorksTouch and PunchLogic; a new system that helps you keep more precise records of worker time, and helps you dodge the expenses of early, late, and buddy punching.
We invite you to contact us at 1 (888) 223-3450 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
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WorkforceHUBÂ includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. We’ve just added onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUBÂ is created for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and decrease labor costs.
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