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 prevalent ways team members misrepresent hours on time cards?
- deliberately clocking in early
- intentionally clocking out late, and
- buddy punching
These three forms of employee time fraud account for an average of 4.5 hours per week, per worker, of unrealized time being cataloged.
In an enterprise with 5 employees, each working at $10 per hour, this can result in over $11,000 in overpaid payroll, which is lost earnings for your company.
SwipeClock can help you avoid this common misconduct with TimeWorksTouch and PunchLogic; a new system that helps you keep more exact records of employee time, and helps you avoid the expenses of early, late, and buddy punching.
We invite you to contact us at 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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SwipeClock offers WorkforceHUB, the Human Resources Management System (HRMS) that makes it easy to optimize the performance of your supervisors, employees, and business operations.
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 decrease labor costs.
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We can get you up and running with WorkforceHUB immediately. Contact us today to schedule a demo.
