Say goodbye to time theft
See how automated time and attendance tracking and integrated payroll can save you thousands.
The Hidden Costs of Time Fraud
Honest mistakes that happen to cost exactly 15 minutes every day
Time fraud isn't just about a few minutes here and there; it's widespread issues like buddy punching and unauthorized breaks that are silently eating away at your bottom line and dragging down your productivity.
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400 billion lost annually in productivity in the United States alone
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~75% of U.S. businesses impacted annually
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4.5 hours on average stolen weekly per employee (thats ~ 6 weeks a year!)
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Employee theft costs are rising at a rate of 15% per year
Time Tracking & Attendance
Simplify time fraud with an automated solution
Replace outdated, error-prone methods with a seamless, automated system designed to prevent all forms of time fraud in today's workforce.
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Time tracking accuracy
Capture every minute worked, eliminating manual errors and ensuring employees are paid correctly for their actual time.
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Employee-friendly app
Get accurate time tracking and attendance data by offering employees a simple, mobile solution for clocking in and out.
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Automated payroll integration
Seamlessly sync accurate time data with our integrated payroll. Eliminates manual entry that can hide time clock theft and other forms of time fraud, ensuring error-free paychecks.
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Real-time information
Have a clear picture of your labor costs, who's in, and how productive your team is—all in real-time. Make smarter business decisions and spot any potential time fraud before it becomes a problem.
Powerful, practical, and proud of our work
4.8 rating
G2 Award - Top 50 HR Products
Top 10 HR platform
Skip the manual data entry
Built-in features help guarantee accuracy, prevention, monitoring and compliance.
Your team can punch in and out right from their phones, which captures GPS location data to confirm they are at the designated worksite.
Set up specific work zones. Employees can only punch in or out when they're inside these defined areas, giving you extra confidence in location accuracy for your mobile teams.
No more exporting timesheets, manually entering hours, or worrying about calculation errors.
Understand where every labor dollar goes by accessing live dashboards showing who's clocked in, on break, or approaching overtime.
Haven Security Alliance, LLC Small Business (0-100 employees)
Payroll Admin. Emerest (11-50 employees)
Small Business (11-50 employees)
Focus on growing your business, not chasing timesheets
Automate time tracking, optimize your Workforce, and protect profits
Slash labor costs
Increase team productivity
Boost operational efficiency
Ensure compliance
Time theft FAQs
What is time fraud?
Time fraud refers to any instance where an employee is compensated for time they have not genuinely worked or during which they were not engaged in productive work activities. It encompasses a range of behaviors that lead to discrepancies between reported work hours and actual time spent on job-related duties.
How common is time fraud?
Time fraud is a widespread issue. Research indicates that approximately 75% of U.S. businesses are affected by it annually, and it can cost the U.S. economy hundreds of billions of dollars each year in lost productivity. Many hourly employees also admit to practices that constitute time fraud.
What are the most common types of time fraud?
Common types of time fraud include:
- Buddy Punching: One employee clocking in or out for another.
- Timesheet Falsification: Deliberately inflating work hours, such as rounding times or adding unworked minutes.
- Excessive Breaks / Unauthorized Breaks: Taking longer breaks than permitted or engaging in personal activities during paid work time.
Late Starts / Early Finishes: Recording full shifts despite not working the complete scheduled hours.
How does time fraud affect my business?
Time fraud has significant negative impacts, including:
- Financial Losses: Direct inflation of payroll costs and lost productivity.
- Operational Inefficiency: Missed deadlines, project delays, and reduced overall output.
- Decreased Employee Morale: Resentment among honest employees who may feel undervalued or overburdened.
- Compliance Risks: Potential violations of labor laws like the FLSA, leading to fines, back wages, and legal fees.
How can our business prevent time fraud?
Preventing time fraud involves a multi-layered approach:
- Clear Policies: Establish and communicate clear policies defining time fraud and outlining correct timekeeping procedures.
- Consistent Enforcement: Apply rules fairly and address violations promptly.
- Positive Work Culture: Foster an environment of trust, engagement, and accountability.
- Automated Time Tracking Systems: Implement technology like Fingercheck's time & attendance software, which offers features like biometric clocks to stop buddy punching, GPS tracking and geofencing to prevent mobile time clock theft, and real-time monitoring to manage excessive breaks and unauthorized breaks.
What are the legal implications of time fraud and inaccurate timekeeping?
Inaccurate timekeeping and unchecked time fraud can lead to serious legal consequences. The Fair Labor Standards Act (FLSA) and various state laws mandate accurate recordkeeping for non-exempt employees, including hours worked and overtime. Failure to comply can result in Department of Labor audits, significant fines, payment of back wages, and costly lawsuits.
How can Fingercheck's software help prevent time fraud?
Fingercheck’s software is designed to directly combat time fraud by:
- Providing pinpoint accuracy in capturing work hours, eliminating manual errors often exploited for time fraud.
- Offering prevention tools like biometric time clocks to stop buddy punching, and GPS/geofencing to prevent mobile time clock theft.
- Enabling monitoring and management of excessive breaks and unauthorized breaks.
- Ensuring compliance with automated calculations and detailed audit trails.
- Delivering actionable insights to identify potential time fraud patterns.