Fair and legal policies, consistently applied via technology, can help to close those gaps. Friction between employers and employees, or failure to comply with standards such as those set by FMLA, FLSA or union rules, is caused by how that data is used to calculate pay. Employee punches collected by time clocks are indisputable data elements. Automated time clock systems capture punches and track hours in real time. The truth lies in how the tools are used, of course. A punch clock in a workplace provides employers and employees with a degree of accuracy when measuring payroll hours however it reinforces a dynamic that can. Employee time clock systems provide the following benefits: Increased Payroll Accuracy. This discussion thread from Woodweb, a website for the woodworking industry, is a spirited debate between employers and workers regarding whether automated time tracking is a necessary management tool or Orwellian incursion. According to a 2006 Nucleus Research Report ROI report, companies with manual time and attendance systems typically incur unnecessary payroll costs upwards of 1.2 percent of their total payroll costs due to inaccurate application of pay rules, as well as human errors, intentional and otherwise.įeelings run high on both sides of this issue. The 4 worst-performing departments in terms of rounding-rule abuse cost the organization approximately $3.6M annually. How much does time theft hurt businesses? A recent Diagnostic Assessment analysis Kronos conducted for a 6,800 employee manufacturer revealed rounding-rule abuse cost of over 1.3% of total wages paid. Having someone else punch them in or out (5%).Failure to punch out for meals or breaks (14%).Adding extra time to their timesheet (22%).Punching in earlier or out later than scheduled (69%).Among those who cheated, the tactics included: The Workforce Time Clock makes it extremely fast for employees to clock in & out of their work shifts. As the means of time reporting became more automated and harder to deceive, the percentage of cheaters declined, with only 5% of those using biometric time clocks reporting themselves as having gamed the system. Not surprisingly, of the 21% of respondents who admitted to cheating on their time reporting, the highest percentage (35%) of them were using paper based systems. Twenty-one percent indicated that they had. In a recent survey we conducted with Harris Interactive, we asked over 700 hourly paid employees if they had ever cheated in reporting their hours in order to increase their paycheck.
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