Unless your company has attentive managers who have the time and diligence to double-check, you could be paying employees for work hours they didn’t earn.Įven with machine-stamped time cards, people find ways to inflate hours – sometimes waiting to clock out long after they’ve stopped working. Here are five common ways your employees can dupe your time and attendance system. Your job is to stay one step ahead of any potential deception. The opportunity for time clock fraud exists and unfortunately some employees will try to profit from your loss. Multiply that by a couple people, and you’ve got a serious problem on your hands. With overtime at the time-and-a-half rate of $15, you’re paying an extra $30 a week. Unbeknownst to you, he also claims two hours of overtime (that he didn’t earn) each week. When it comes to time clock fraud, even padding each work day with just a few extra minutes adds up.įor example, let’s say you pay someone $10 an hour 40 hours a week.
While most employees are honest, there are usually a few you might want to keep your eye on. He’s adding to his pocket and taking away from your bottom line in the process. Only now he’s an adult, and he’s trying to figure out a way to scam his company time sheets. What is time clock or time card fraud? Well, remember that kid from elementary school who was always trying to figure out a way to change the grades on his report card? He’s still out there.
0 kommentar(er)
