Filed under: Uncategorized | Tags: accuracy, compliance, employee based, employee theft, falsified timesheets, stats, time and attendance, timeliness
A reposting of some the happenings in the realm of time tracking today:
BusinessWise briefs: Curbing employee theft
“Ninety-five percent of all businesses experience employee theft and management is seldom aware of the loss. . . examples include employees padding time sheets” Read more.
My $.02 : 95%? That may be high. Business owners are some of the sharpest tools in the shed. How would 95% of them miss employees stealing right out from under their noses?
Judge supports firing of Jim Thorpe officer
“A judge has upheld the firing of a Jim Thorpe police officer who officials said falsified time sheets giving him an extra 33.5 hours of pay.” Read more.
My $.02: 33.5 hours is almost an entire weeks worth of work, do you suppose this was a one time shot or something that’s been going on for some time and the officer finally got sloppy?
Balancing Cost and Service Quality
“For a profession that already labours under the strain of being targeted to achieve near-perfection, performing difficult balancing acts is nothing new in payroll. On the one hand, it strives to deliver 100% accuracy, 100% timeliness, 100% compliance and high-quality employee service. On the other, it attempts to do so within tough budget constraints . . .Potential investments to improve the quality of data input include: Automating time data collection – for example, by implementing Time and Attendance Systems for hourly-paid employees, or time tracking systems for hourly-charging employees” Read more.
My $.02: It is articles like these that make me wonder just how accurate, timely, compliant and employee service based the majority of payroll departments are. I across companies everyday that have been using paper time sheets and have been completely content with them. (Meanwhile paper time sheets are not 100% accurate, timely compliant OR employee service based) Where’s the disconnect?
