is time & attendance overrated?
TRANSCRIPT
Is Time & Attendance Overrated?
P R E S E N T E D B Y S W I P E C L O C K
Who Looks Outside Dreams, Who Looks Inside, Awakes
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Reasons why Companies' Skip a
Timekeeping Solution:
1. Everyone is on Salary
2. Employees are Paid a Fixed Daily Rate
3. Everyone is paid Commission
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Did You Know?
The Department of Labor (DOL) under the Fair
Labor Standards Act (FLSA) assumes employee labor
violations if the employer doesn't maintain accurate
Time & Attendance Records.
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Most State Employment Laws also
presume employer guilt if the employer doesn't maintain adequate
records- Even if the employee is exempt or commission.
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It is in the employers best interest to maintain records
on all employees
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Time & Attendance Software
75%of businesses loose money to
"Buddy Punching"
The American Payroll Association
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4.5 hours
2.2%
Lost Per Week/ Per Employee
-As reported by Employees Surveyed
of Payroll Expenses go to manual manipulation
of time sheets
65%Payroll is largest Business Cost
35%All other Business Expenses
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10
20
30
40
50
Inna
cura
te T
ime
Perso
nal A
ctivi
t
Frequ
ent B
reak
s
Buddy
Pun
ching
0
43% of Employees Report Stealing time through Manual Time Sheets
Automated Timekeeping Tools Save Companies Thousands a year in
"faked" time cards
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Contact Us
www.SwipeClock.com
Or Click on this Page for more Information
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Created by Annemaria Duran
Statistics taken from the American Payroll
Association and Software Advice Survey's of
Employees who self reported Time keeping theft
and time sheet manipulation.
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