Business owners spanning the globe think in terms of the bottom line; how much money am I spending and/or losing? Not every entrepreneur will have the foresight to avoid certain financial missteps, but those who make the sound decision to monitor employee time theft (TT) will remove at least one potential leech of profit margins from their worry list.
It may not sound like a big deal; employees punching out a little early or late. Some employees will even attempt to enlist fellow peers in helping them take advantage of any timekeeping loopholes. Organizations do not need to tolerate this devious behavior as there are some precautionary and immediate actions that can be taken to shore up this potential thorn in your side.
Forms of Time Theft
There are a number of ways an employee can still your time, so to speak. Old fashioned time-punch cards are so antiquated that business owners choosing to use them are setting themselves up for potential TT situations. To monitor employee time theft in this scenario is nearly impossible. This is why you need to use up to date Time and Attendance system with an employee time clock.
An employee can also take too much time on breaks and lunch, thus, cutting into the time you are paying them for actual work. The temptation is always there, particularly if said employees are not required to punch in or out for their breaks and/or lunch to begin with.
Lastly, if an employer wishes to monitor employee time theft in this day and age, they need to be constantly aware of employees using work hours for personal endeavors. For example, the employee who waits until all is clear and then proceeds to spend the next hour playing a game on his or her cell phone. This is merely an example, yes, but it happens all the time without anyone getting wise to the deception.
How to stop and Monitor Employee Time Theft
Unfortunately, if you want to effectively monitor employee time theft, not many inventions will trump a business owner or manager checking in on employees and keeping things in line. It is a nuisance, particularly because supervisors have better things to do than herd their hand-picked employees around all day. Mitrefinch Time and Attendance system is the answer!
Time & Attendance
Mitrefinch software targets time and attendance produces a more accurate account of the comings and goings of your workers than traditional methods of time tracking such as manual systems. One area for your business that stands to benefit from such an upgrade is your payroll department. Our time clock software allows you to upload working and attendance information straight to your computer for immediate processing.
As an added bonus with this plan of attack is that the software, pre-programmed and task-specific, will eradicate any manual errors which often take place due to the human factors that generate them. Find out how much money our systems can save you by using our Return on Investment Calculator.