Are payroll costs running out of control at your small business? Most of the time, the reason behind sky rocketing payroll costs is the use of manual time tracking with paper time sheets. Is this the case with your payroll? Are your employees on the honor system when it comes to recording their work hours? If so, there is a high chance that your employees are engaging in time theft such as rounding their time off to the nearest five, 10 or 15-minute increment.
Time theft is one of the biggest causes of productivity losses in America today. Recent studies have shown that it is costing American businesses as much as $400 billion in lost productivity every year. It has also been estimated that a business can lose 20% of every dollar earned as a direct result of time theft.
So, what can you do to prevent time theft and stop bleeding revenues? You can start by ditching your pen and paper time sheet system and implement automated time clocks from uAttend.
How Does uAttend Guarantee Zero Time Theft?
uAttend’s employee time clocks come with highly useful features such as fingerprint and facial recognition capabilities. These systems allow your employees to record their time and attendance using physiological traits that are unique to each individual, thus providing the safest method of recording employee work hours. Your employees will no longer be able to share their punch cards, PINs, or badges with their colleagues for buddy punching, and can no longer steal time from you.
With 100 percent accurate employee identity verification and to-the-minute recording of employee time and attendance, uAttend time clocks enable small and medium-sized businesses to completely eliminate time theft from their premises. They also help businesses become more productive and efficient by streamlining everything from time tracking to payroll processing. Additional features such as desktop alerts allow you to be notified when employees are late or leaving early, as well as when they are absent. By holding employees accountable for their work hours, employers can improve job satisfaction, which ultimately improves job performance. Employees are much happier when they know they are all being held to the same level of accountability.
You can start experiencing the benefits of the uAttend™ workforce management solution from the very first day you implement a system. Our automated employee time clocks will not only help you overcome the obstacles of manual payroll processing, but provide you with detailed reports that can be exported to more than 50 payroll software systems. Don’t miss out on the benefits of an automated time tracking system – put a stop to unnecessary payroll costs TODAY!