{"id":2439,"date":"2020-09-11T03:01:32","date_gmt":"2020-09-11T03:01:32","guid":{"rendered":"https:\/\/mobilepunch.com\/?p=2439"},"modified":"2020-09-11T15:43:55","modified_gmt":"2020-09-11T15:43:55","slug":"what-is-time-theft-at-work","status":"publish","type":"post","link":"https:\/\/mobilepunch.com\/en\/what-is-time-theft-at-work\/","title":{"rendered":"What is time theft at work?"},"content":{"rendered":"

If your company’s <\/span>time tracking system<\/span><\/a> is out of date and you still use paper and a clock to determine the hours worked, some employees may be stealing time. A colleague filling out a friend’s timesheet is not uncommon… there are many ways to steal time at work.<\/span><\/p>\n

Unfortunately, time theft costs businesses a lot of money and affects productivity. In fact, according to some studies, time theft at work can represent up to around 7% of a company\u2019s total payroll. This is a considerable percentage, especially when you consider that small businesses can spend up to 50% of their gross income on payroll costs. For example, if your business generates $ 200,000 this year and $ 100,000 goes towards salary costs, time theft could cost your business $ 7,000. This reality becomes all the more important as your turnover increases.<\/span><\/p>\n

Aside from losing money, you also have to consider the effect on productivity when employees don\u2019t respect their scheduled hours. For example, if your team stops working 15 minutes early each day for two weeks, you lose 2.5 hours of productivity per worker. If you multiply that lost time by months and factor in very long breaks, you could be paying employees for weeks of work (not worked).<\/span><\/p>\n

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What is time theft?<\/span><\/h2>\n

Time theft<\/b> is any instance where a worker accepts payment for time not worked. This is a significant problem in virtually every industry. Your employees can steal time without knowing it, either by forgetting the specific hours worked or by adding 15 minutes to their timesheet here and there. However, they can also voluntarily steal time.<\/span><\/p>\n

Here are different types of time theft:<\/span><\/p>\n