The most blatant form of time theft are ghost employees. Here’s how some employees are spending their time: 61% of employees surveyed, use the site at work for 15 minutes per day. According to a study by Nucleus Research, productivity plummets by 1.5% when staff can access Facebook in the workplace. Social media is a growing concern for time theft. The internet can be a real employee time sucker, cutting into work hours and slowing productivity. Sleeping on the job (yes, you read right! 29% of workers report falling asleep on the job, based on a National Sleep Foundation survey).Down TimeĮmployees may be tempted by a number of distractions during the workday, which may take them away from their work and lower productivity. Time clocks provide an official record of the hours an employee works to calculate the actual pay owed to an employee. Implementing a time and attendance system also lets employees know that they are being monitored and curbs them from taking long breaks and leaving early. For a worker making $10 an hour, that equates to $2,340 a year of lost time and company money! Using a time clock or automated time clock system can help watchdog check-in/check-out times with greater a accuracy, and eliminate costly overpayments. According to the American Payroll Association, the average employee “steals” 4 hours and 5 minutes every week, or 6 weeks annually. When an employee arrives late, takes longer or more frequent breaks, takes extended lunch breaks, or leaves early, it all adds up to a bunch of money. Extended Breaks, Late Arrivals and Early Departuresīreak abuse, late arrivals and early departures are the most common form of time theft, costing employers thousands of dollars each year. Each unique finger scan provides indisputable identification and prevents “buddy punching” time theft. Biometric time clocks quickly scanĮmployee fingertips to positively identify and then register arrival times, breaks, lunches, overtime and departure times.įingertip scans are stored and assigned to each employee using time and attendance software. The problem is worse for employers that track time on paper time sheets. Buddy Punchingīuddy punching is when an employee asks a co-worker to punch the time clock for them if they are late or absent from work. Auto totaling time clocks and automated software-based time and attendance systems automatically calculate total worked hours per pay period. Time clocks accurately record start and stop times an employee works down to the exact minute. Time clocks and automated software-based time clock systems are your first line of defense against time sheet fraud. Time sheets are like a blank check – inviting employees to fudge their time by filling out extra hours they didn’t actually work or round up minutes to increase their compensation. If you are using timesheets to record employee hours, you may be subjecting your company to significant payroll fraud. Employees have figured out every which way to Sunday to try and beat the system. If you aren’t keeping close tabs on employee time, you may be subjecting your company to significant financial losses. While the occasional extended coffee break or early quitting time may seem harmless, rampant abuse of company time can inflict major harm on the health of your bottom line.
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