12 Dec How 30% of Your Employees May Be Stealing From You
According to an anonymous survey conducted by Kessler International of 500 employees laboring in various retail and service industries, over 30% admit to falsifying timecards at their position.
What are the most common ways team members exaggerate hours on time and attendance records?
- intentionally clocking in early
- willfully 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 an organization with 5 employees, each earning $10 per hour, this can lead to over $11,000 in overpaid payroll, which is lost income for your business.
Payroll Partners can help you avoid this rampant wrongdoing with Workforce Management Clock and PunchLogic; a new system that helps you keep more accurate records of employee time, and helps you avert the costs of early, late, and buddy punching.
We invite you to contact us at 817 226-8111 and we’ll show you how Workforce Management Clock can pay for itself in less than a month.
UPGRADE TODAY
Payroll Partners offers the Timekeeping and Scheduling Workforce Management Suite, the powerful, fully-integrated Workforce Management Suite that makes it easy to optimize the performance of your supervisors, employees, and business.
Workforce Management Suite includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. Workforce Management Suite is created for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and reduce labor costs.
How much can you save? Check our Payroll Partners ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to set up a demo.