According to an anonymous survey conducted by Kessler International of 500 employees laboring in various retail and service industries, over 30% confess to padding at their place of employment.
What are the top ways employees inflate hours on ?
- willfully clocking in early
- intentionally clocking out late, and
- buddy punching
These three forms of employee time cheating account for an average of 4.5 hours per week, per staff member, of unrealized time being cataloged.
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 business.
SwipeClock can help you avoid this prevalent scam with TimeWorksTouch and PunchLogic; a new system that helps you keep more accurate records of staff member time, and helps you avert the costs 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 just a few pay periods.
http://www.fierceceo.com/human-capital/take-u-s-small-businesses-lose-average-nearly-300k-annually-to-employee-theft
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