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 employees falsify hours on time cards?
- intentionally clocking in early
- deliberately clocking out late, and
- buddy punching
These three forms of employee time cheating account for an average of 4.5 hours per week, per employee, of unrealized time being cataloged.
In a company with 5 employees, each working at $10 per hour, this can bring about over $11,000 in overpaid payroll, which is lost profit for your organization.
MegaPay USA can help you avoid this widespread deceit with TimeWorksTouch and PunchLogic; a new system that helps you keep more accurate records of staff member time, and helps you avoid the costs of early, late, and buddy punching.
We invite you to contact us at 855-634-2729 and we’ll show you how TimeWorksTouch can pay for itself in less than a month.
http://www.fierceceo.com/human-capital/take-u-s-small-businesses-lose-average-nearly-300k-annually-to-employee-theft
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