Combating Workforce
Time Theft
2
Speakers
Michelle Lanter Smith
Chief Marketing Officer
John Gaudiuso
Sales Engineer
3
Agenda
• Common forms of time theft and best practices to prevent it
• Pros and cons of various biometric options
• Ways to identify potential time theft and operational problem sites
• A demonstration of EPAY time theft preventing tools
Who is EPAY Systems?
CHICAGO BASED
TECH COMPANY
PROVIDER OF COMPLETELY
UNIFIED, FULL SERVICE
HCM SOLUTIONS
SERVING HOURLY
WORKFORCE ENVIRONMENTS
INDUSTRY LEADER FREE PREMIUM
CUSTOMER SUPPORT
CUSTOMER RETENTION
FOUNDED 2001
UNIQUELY FLEXIBLE CLOUD BASED TIME &
LABOR MANAGEMENT TECHNOLOGY
24 HOURS/DAY
7 DAYS/WEEK,
365 DAYS/YEAR
75,000+ WORKSITES
99%
What is Time Theft
Top 3 forms of Time Theft:
1. Long breaks
2. Early/Late arrivals
3. Buddy punching
Time Theft: employees
getting paid for time
which they did not work.
$98B
Types of Time Theft
Buddy
punching
Early/Late
arrivals
Long
breaks
These 3 forms of time theft account for 98
billion in losses for U.S. employers.
Types of Time Theft
of your gross payroll
Buddy Punching alone
can account for
2.2%
The Big Cost of Time Theft
Time Theft was estimated to cost U.S. Companies
BILLION $in lost productivity
$400
4 lost hours per week = 16 lost hours per month =
2 lost work days per month!
2 lost work days per month = 24 lost work days
per year =
nearly 5 weeks of lost work time per year . . .
PER EMPLOYEE
Do the Math
10
Employee Time Theft Calculator
10
A Free Manual Timekeeping Solution Isn’t Free.
250
Total Minutes
per Day in Time
Theft
Total Hours per
Day in Time
Theft
Average Daily
Employee
Time Theft in
Dollars
Weekly
Human Time
Theft Payroll
Expense*
Annual
Human Time
Theft Payroll
Expense*
Average
Hourly Wage
of Hourly
Employee
$19 $237$79 $12,3504.17
*APA States employees without an automated time system steal 6 minutes per day. We’ve based our calculation at just 1 minute.
Create clear, specific time and attendance policies
Create procedures for enforcing your policies
Use time collection devices equipped with biometrics
Utilize good reporting and analytic tools
Battle Tactics
1
2
3
4
Communicate Oral and Written Time & Attendance Policies
Use employee manual to outline consequences of:
 Tardiness
 Cell phone use
 Unauthorized breaks
Have employees sign manual as acknowledgement of
understanding
Update policies as new challenges arise
Clear Communication is Key
Put firm procedures in place when time and
attendance policies are not followed
Consider implementing Employee Points system
Automatically tally points for absences, late arrivals, early
departures as compared to the schedule
Can accumulate points positively or negatively
Can customize based on your companies policies
Enforce Your Polices
Biometric Time Clocks
 Fingerprint recognition
 Facial recognition
Mobile Time Tracking App
 Facial recognition
 Geo-tracking
Workforce Analytics
 Get a quick way to identify punch exceptions across your sites including
potential forms of time theft
Utilize Time and Attendance Tools
A. Fingerprint biometrics
B. Eye or retina biometrics
C. Facial recognition biometrics
D. We currently don’t use any form of biometrics
15WWW.EPAYSYSTEMS.COM
What form of biometrics does your company currently use and
for what purpose?
Webinar Poll
16
Demonstration
Mobile Time Tracking Technology
Mobile Time Tracking Technology
Mobile Time Tracking Technology
20
Questions?
STANDARD REPORTS AND CUSTOM REPORTING TOOL
APPLICANT
TRACKING
BENEFITS
ADMINISTRATION
PAYROLL & TAX
MANAGEMENT
TIME & LABOR
MANAGEMENT
HUMAN
RESOURCES
MANAGEMENT
PERFORMANCE
MANAGEMENT
• Integration with
leading job boards
• Unlimited users with
full system access
• Screening q’s,
keywords, applicant
tagging
• Video interviewing
• Email and SMS
messaging and
templates
• Mobile
• Spanish applications
• Plan administration
• Open enrollment
• COBRA
management
• ACA compliance
reporting
• Carrier Connect
(data feeds)
• 401K file feed
• Complete payroll
and tax processing
• Accommodation of
multiple FEINs,
states and localities
• Garnishment
processing
• Year-end tax filing
• New hire reporting
• Free pay card
program
• Flexible pay rules
• Scheduling
• Accruals
• Budgets & job
costing
• Workforce analytics
• Wage & hour
compliance
• Mix & match time
collection options
• New hire onboarding
with electronic I-9
and e-verify
• Skills, education &
performance tracking
• Employee &
manager self-service
• Document & task
management
• OSHA, EEO &
Workers’ Comp
reporting
• Automated
performance and
self-reviews
• 360 degree surveys
• Compensation
dashboard
• Learning content
integration
• Goal management
• Statistics dashboard
• Journaling
Connect with Us
on Social Media
Visit Our
Website
www.EPAYsystems.com
Take a two-minute tour
Take the survey
Request a demo of EPAY Systems

Combat Workforce Time Theft - EPAY Systems

  • 1.
  • 2.
    2 Speakers Michelle Lanter Smith ChiefMarketing Officer John Gaudiuso Sales Engineer
  • 3.
    3 Agenda • Common formsof time theft and best practices to prevent it • Pros and cons of various biometric options • Ways to identify potential time theft and operational problem sites • A demonstration of EPAY time theft preventing tools
  • 4.
    Who is EPAYSystems? CHICAGO BASED TECH COMPANY PROVIDER OF COMPLETELY UNIFIED, FULL SERVICE HCM SOLUTIONS SERVING HOURLY WORKFORCE ENVIRONMENTS INDUSTRY LEADER FREE PREMIUM CUSTOMER SUPPORT CUSTOMER RETENTION FOUNDED 2001 UNIQUELY FLEXIBLE CLOUD BASED TIME & LABOR MANAGEMENT TECHNOLOGY 24 HOURS/DAY 7 DAYS/WEEK, 365 DAYS/YEAR 75,000+ WORKSITES 99%
  • 5.
    What is TimeTheft Top 3 forms of Time Theft: 1. Long breaks 2. Early/Late arrivals 3. Buddy punching Time Theft: employees getting paid for time which they did not work.
  • 6.
    $98B Types of TimeTheft Buddy punching Early/Late arrivals Long breaks These 3 forms of time theft account for 98 billion in losses for U.S. employers.
  • 7.
    Types of TimeTheft of your gross payroll Buddy Punching alone can account for 2.2%
  • 8.
    The Big Costof Time Theft Time Theft was estimated to cost U.S. Companies BILLION $in lost productivity $400
  • 9.
    4 lost hoursper week = 16 lost hours per month = 2 lost work days per month! 2 lost work days per month = 24 lost work days per year = nearly 5 weeks of lost work time per year . . . PER EMPLOYEE Do the Math
  • 10.
    10 Employee Time TheftCalculator 10 A Free Manual Timekeeping Solution Isn’t Free. 250 Total Minutes per Day in Time Theft Total Hours per Day in Time Theft Average Daily Employee Time Theft in Dollars Weekly Human Time Theft Payroll Expense* Annual Human Time Theft Payroll Expense* Average Hourly Wage of Hourly Employee $19 $237$79 $12,3504.17 *APA States employees without an automated time system steal 6 minutes per day. We’ve based our calculation at just 1 minute.
  • 11.
    Create clear, specifictime and attendance policies Create procedures for enforcing your policies Use time collection devices equipped with biometrics Utilize good reporting and analytic tools Battle Tactics 1 2 3 4
  • 12.
    Communicate Oral andWritten Time & Attendance Policies Use employee manual to outline consequences of:  Tardiness  Cell phone use  Unauthorized breaks Have employees sign manual as acknowledgement of understanding Update policies as new challenges arise Clear Communication is Key
  • 13.
    Put firm proceduresin place when time and attendance policies are not followed Consider implementing Employee Points system Automatically tally points for absences, late arrivals, early departures as compared to the schedule Can accumulate points positively or negatively Can customize based on your companies policies Enforce Your Polices
  • 14.
    Biometric Time Clocks Fingerprint recognition  Facial recognition Mobile Time Tracking App  Facial recognition  Geo-tracking Workforce Analytics  Get a quick way to identify punch exceptions across your sites including potential forms of time theft Utilize Time and Attendance Tools
  • 15.
    A. Fingerprint biometrics B.Eye or retina biometrics C. Facial recognition biometrics D. We currently don’t use any form of biometrics 15WWW.EPAYSYSTEMS.COM What form of biometrics does your company currently use and for what purpose? Webinar Poll
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
    STANDARD REPORTS ANDCUSTOM REPORTING TOOL APPLICANT TRACKING BENEFITS ADMINISTRATION PAYROLL & TAX MANAGEMENT TIME & LABOR MANAGEMENT HUMAN RESOURCES MANAGEMENT PERFORMANCE MANAGEMENT • Integration with leading job boards • Unlimited users with full system access • Screening q’s, keywords, applicant tagging • Video interviewing • Email and SMS messaging and templates • Mobile • Spanish applications • Plan administration • Open enrollment • COBRA management • ACA compliance reporting • Carrier Connect (data feeds) • 401K file feed • Complete payroll and tax processing • Accommodation of multiple FEINs, states and localities • Garnishment processing • Year-end tax filing • New hire reporting • Free pay card program • Flexible pay rules • Scheduling • Accruals • Budgets & job costing • Workforce analytics • Wage & hour compliance • Mix & match time collection options • New hire onboarding with electronic I-9 and e-verify • Skills, education & performance tracking • Employee & manager self-service • Document & task management • OSHA, EEO & Workers’ Comp reporting • Automated performance and self-reviews • 360 degree surveys • Compensation dashboard • Learning content integration • Goal management • Statistics dashboard • Journaling
  • 22.
    Connect with Us onSocial Media Visit Our Website www.EPAYsystems.com Take a two-minute tour Take the survey Request a demo of EPAY Systems