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
Swipeclock offers WorkforceHub, the powerful, fully-integrated WorkforceHub that makes it easy to optimize the performance of your managers, employees, and business.
WorkforceHub includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. WorkforceHub is established for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and reduce labor costs.
We can get you up and running with WorkforceHub immediately. Contact us today to request a demo.
Or are you interested in becoming a reseller? Check out the Swipeclock partner advantage now.
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