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According to an anonymous survey conducted by Kessler International of 500 employees on the payroll in various retail and service industries, over 30% acknowledge misrepresenting at their place of employment. Are your employees stealing from you? If you haven\u2019t caught any of your employees fudging on their time cards\u2014it might be only a matter of time (pun definitely intended).<\/p>\n
What are the top ways staff members misrepresent hours?<\/p>\n
Untracked breaks, extended lunches, and estimated punch times add up. If 32 employees over-estimate their work time by only 15 minutes per day, that adds up to 2400 minutes per week. If your average pay rate is $10.00 per hour, then you pay an extra $400.00 each month for time not worked<\/em>. That\u2019s enough to pay wages for another employee!<\/p>\n Not convinced? Buddy punching, entering inaccurate start times, and early punch-ins and late punch-outs result in an average of 4.5 fraudulent hours per week, per employee. For one staff member working at $10 per hour, that can be a loss of $45 per week. In a business with 5 employees, each earning a wage of $10 per hour, this can cause over $11,000 in overpaid payroll, which is lost revenue for your company.<\/p>\n Each minute employees spend \u2018on the clock\u2019 affects your revenue and profit. How well do you manage employee time theft? How do you prevent wage theft?<\/p>\n