According to an anonymous survey conducted by Kessler International of 500 employees on the payroll in various retail and service industries, over 30% acknowledge falsifying time records at their place of employment.
What are the top ways associates falsify hours on time records?
- deliberately clocking in early
- deliberately clocking out late, and
- buddy punching
These three forms of employee time fraud account for an average of 4.5 hours per week, per employee, of unrealized time being cataloged.
In a company with 5 employees, each earning a wage of $10 per hour, this can bring about over $11,000 in overpaid payroll, which is lost income for your organization.
ICON, Inc. can help you avoid this pervasive scam with WebClock and PunchLogic; a new system that helps you keep more accurate records of staff member time, and helps you avoid the expenses of early, late, and buddy punching.
We invite you to contact us at 888-111-2222 and we’ll show you how WebClock can pay for itself in just a few pay periods.
ICON, Inc. offers Workforce Management Suite, the powerful, fully-integrated WorkforceHUB that makes it easy to optimize the performance of your managers, employees, and company.
Workforce Management Suite includes TimeClock, TimeSimplicity, and TimeWorks Mobile. Workforce Management Suite is developed for busy employers like you who need to streamline scheduling, automate time and attendance tracking, maintain regulatory compliance, and reduce labor costs.
How much can you save? Check our ICON, Inc. ROI Calculator.
We can get you up and running with Workforce Management Suite in minutes. Contact us today to set up a demo.