Are your hourly, remote employees math wizards? It’s possible. They may realize that padding time cards by a few minutes each day add up in the long run. This little white lie doesn’t amount to Kardashian money, but its impact is more significant than you think. if you’re researching how to start a business, it’s better you learn this now.
The Math Behind Padding Time Cards
I have a math word problem for you. Didn’t you love those in school? Your employees arrive at work at 6:02 pm and leave at 8:57 pm, but their handwritten timesheets always show as 6 pm to 9 pm. These micro differences on the front and back ends of their time cards may seem insignificant (and hard to catch). Your employees think, “what’s the big deal?” So, what is the big deal? At $8 an hour, padding time cards by only 5 minutes a day comes to $174 a year. For part-time hourly employees, that’s a free week of pay just by padding their time cards. Are you going to catch five padded minutes a day while juggling 22 other balls? And what if time theft happens across the board? Since we’re already doing math, let’s do a little more. Take a look at the consequences of 20 employees padding time cards.
That’s enough money for you to take a vacation – a pretty nice one. Oh, and add to that the payroll taxes. The snowflake rolls into a snowball at 5 minutes a day. However, the American Payroll Association and the Robert Half Agency show that the accurate time theft number is closer to 10 minutes a day. That’s an avalanche.
Crush Time Theft and Vaporize Padded Time Cards
A time card punch clock on a wall doesn’t lie, but it’s not a practical solution for your remote employees. Would you install a punch clock in every building and drive around every week to pick up the time cards? Of course not. The good news is that your employees have a time clock in their pockets. Our mobile app for timekeeping is your 17-second solution to crushing time theft and controlling labor costs. Employees hit the GO button and the STOP button. We create and report a beautifully accurate time card with a GPS stamp. Employees can also clock in by calling a toll-free number from your customers’ landline phones. We report the caller IDs that verify that your employees are on-site when clocking in and out.
You can stop employees padding time cards, and we can help. We’ll give you 30 free days to try it out.
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