Time Tracking Prevents Time Theft: Everything You Need to Know
Late login to work or extended breaks all contribute to losses in productivity. The valuable productive hours taken away from the company by employees intentionally or unintentionally are considered time theft. Additionally, with increasing remote work scenarios, the risk of time theft is considerably high as there is difficulty tracking employees.
Often organizations struggle to identify and respond to time theft. This article sheds light on everything you need to know about time theft and its responsive measures.
Most Common Time Theft Practices
Unprofessional Time Clocking
Employees are often found guilty of adding more hours to their worksheets, and they are getting paid for the time they never worked. With efficient time tracking software, fraudulent time entries can be avoided as they monitor the exact working hours.
Late Punch-In and Early Punch-Out.
Logging in late and leaving the office early before the shift ends leads to unwanted process gaps and reduces employee credibility. This also reduces productivity and leads to inappropriate time entries. Following the shift time strictly is the only way of preventing such issues.
Most organizations allocate an average of a one-hour break for their employees during the shift time. But spending more than the actually allotted time is time theft.
A very common time theft faced by many organizations is buddy punching. Employees working in the same organization often tend to clock in for their teammates because they are late for work. This results in the company losing valuable productivity hours and money.
Personal Works During Shift Time
The time spent on personal chores, mobile phone usage, and other forms of counter-productive activities during your shift is another way of stealing your company time. This form of time theft often occurs in remote work environments.
How is Time Tracking the solution?
The utilization of biometric fingerprint punching comes in handy to get rid of fraudulent habits like buddy punching. As biometric fingerprints are unique to every employee, only individuals can record their presence at work and no one else. As buddy punching contributes a lot to time theft, eliminating it could recover valuable productive time for the company.
Detailed Tracing of Projects
The best way to utilize the employees more productively is by assigning them a task and allocate time to complete it. Task-based time punches are extremely handy to demonstrate the employee's productivity and determine the time needed to complete the task. This helps the organization to plan the future project and put them in a position to manage multiple projects efficiently at the same time.
Time Tracking software tracks everyone and everything. It also enables the employees to view the reports in real-time, and this transparency in reporting makes them more responsible for their work. Time tracking infuses accountability into the workflow and benefits everyone in the team as team leaders and members can record time accurately.
Improvising Attendance and Allocations
With efficient time tracking software, you will be better able to respond to and resolve time conflicts on the go. With information about the arrival and departure of employees at your fingertips, you can mark their attendance without another separate system in place. This is possibly the best way for companies to track time theft in the form of late logins and early departures.
Any sorts of shift swapping or uninformed leaves are tracked and updated in real-time so that it could be easy for last-minute changes in the scheduling and task allocation.
Reach out to our experts for a full demo of the perfect time tracking software to help you eliminate any sorts of time theft in your organisation.