Do you think an employee is stealing time from your company? There are many types of employee time theft. And, worker time fraud can be expensive for your business.
Let’s say you have an employee who steals 15 minutes of time per shift, and they work five times per week. The employee earns $10 per hour. Because of the employee’s time theft, you would pay out $12.50 per week for time the employee didn’t really work. That might not seem like much now, but those wages can add up.
Now, let’s say you have 10 identical employees who do that. You would lose $125 per week, totaling up to $6,500 per year. By preventing time theft, you can save your business money.