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According to an anonymous survey conducted by Kessler International of 500 employees employed in various retail and service industries, over 30% admit to falsifying time cards at their place of employment.

What are the top ways staff members falsify hours on time cards?

  • deliberately clocking in early
  • intentionally clocking out late, and
  • buddy punching

These three forms of employee time fraud account for an average of 4.5 hours per week, per worker, of unrealized time being recorded.

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.

Horizon Payroll Solutions can help you avoid this pervasive wrongdoing with TimeWorksTouch and PunchLogic; a new system that helps you keep more exact records of employee time, and helps you avert the costs of early, late, and buddy punching.

We invite you to contact us at 888-434-8244 and we’ll show you how TimeWorksTouch can pay for itself in less than a month.

http://www.fierceceo.com/human-capital/take-u-s-small-businesses-lose-average-nearly-300k-annually-to-employee-theft

Contact Horizon Payroll Solutions for information regarding WorkforceHUB™UPGRADE TODAY

Horizon Payroll Solutions offers WorkforceHUB™, the unified Human Resources portal that makes it easy to optimize the performance of your supervisors, employees, and company.

WorkforceHUB™ includes TimeWorksPlus, TimeSimplicity, and TimeWorks Mobile. We’ve just added onboarding, benefits enrollment, performance reviews, and employee engagement! WorkforceHUB™ is designed 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 Horizon Payroll Solutions ROI Calculator.

We can get you up and running with Swipeclock Workforce Management Suite in minutes. Contact us today to book a demo.

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