Time theft calculator
Use this calculator to estimate the cost of time theft in your organization and see how Fingercheck can help you save money.
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Time theft calculator FAQs
Disclaimer: This calculator is provided for informational purposes only and is intended as a general estimate. Actual costs of time theft may vary based on your business operations, time tracking accuracy, and other factors. This tool does not constitute legal, financial, or HR advice. For advice specific to your situation, please consult a qualified professional.
What is time theft, and why does it matter?
Time theft happens when employees are paid for hours they didn’t actually work—like punching in early, taking longer breaks, or having a coworker clock them in. Even a few minutes a day adds up to significant payroll costs over the year.
How do you calculate the annual cost of time theft?
The calculator multiplies the average stolen time per employee per week by the hourly wage, number of employees, and workweeks per year to estimate your total losses.
How much time theft is typical?
Studies show the average ranges from 30–60 minutes per employee per day, depending on your industry and whether you use manual time tracking.
How can automated time tracking reduce time theft?
Platforms like Fingercheck use biometric verification (such as facial ID), automated punches, and geo-fencing to help prevent time theft, buddy punching and unapproved overtime.
Does this calculator work for salaried employees?
t’s designed primarily for hourly employees. If you have salaried staff regularly working unapproved hours, you can still estimate by converting their annual pay to an hourly rate.