At the workplace, all of the time is not spent on productive work but in some other purposes. The time used in different objects rather than the dedicated responsibility during working hours is addressed as non-productive work hours. Though the law directs to consider this as work, end of the year enterprises need to count […]
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Time fraud is a major concern that can cost on average 3% of your payroll. According to other research, companies are losing billions of dollars due to buddy punching and time fraud. Time theft affects almost every industry. But the worst sufferer is the retail industry that relies on part-time workers, where a simple 1-hour […]
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With the growing number of remote and mobile workforce, time theft has become a much bigger issue for employers. In fact, it has become so big, millions of dollars are being lost every year in productivity. This puts a dent in cash flow by paying for work that was not completed. There are many ways […]
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The days are gone when managers kept manual journals of employee time and attendance to calculate hours worked. These antiquated ways of measuring employee time and attendance do not have the ability to efficiently prevent buddy punching or time theft. Therefore, more companies are looking for a better solution to measure employee working hours and […]
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For a lot of employers, proper workforce management is worrisome. From ensuring proper time and attendance to avoiding payroll errors and buddy punching, workforce management can be difficult without a proper system in place. Even though new workforce management technologies emerge on a regular basis that simplify and streamline workflow, a tension free workplace seems […]
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Managing employee time and attendance is a vital part of any businesses and since it is directly associated with measuring productivity, weaknesses and vulnerabilities could have serious negative consequences to the bottom line. Productivity declines that impact profits force companies to look for a more secure, accurate, and cost effective way of managing employee time […]
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Biometric technology plays a vital role when it comes to workforce management by providing a foolproof mechanism to accurately track employee time and attendance and process payroll. Biometric time and attendance systems have become more of a necessity in environments such as manufacturing plants, transport and distribution, retail operations, corporate management, schools and universities, government […]
Read moreToday, M2SYS announced that another California State University campus has incorporated their RightPunch™ biometric time clock using palm vein technology to keep track of employee time and attendance. California State University, Fresno Association, Inc. has implemented the M2SYS RightPunch™ palm vein biometric employee identification technology with Kronos Time and Attendance Software to help optimize labor tracking […]
Read moreThe negative effects of employee time theft on a company are well documented. Time theft not only drains profits but it can also lower employee morale, stifle accountability and damage loyalty. Despite these facts, employees who are overly productive at work may feel that they are entitled to occasionally sneak a couple of extra minutes […]
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The problem of employee time theft and how to rectify it is starting to gain traction with employers across the world. As we pointed out in a recent White paper about eliminating time theft and increasing profits with PC-based biometrics, employee theft directly causes 1/3 of all corporate bankruptcies in the U.S. and of the […]
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