In the modern workplace, tardiness and attendance issues (let’s call it what it is – time theft!) pose challenges for employers. While it might seem like a minor issue, the ramifications of time theft and buddy punching can be far-reaching.
The American Payroll Association shares some pretty scary stats:
- 75% of companies lose money from buddy punching
- Buddy punching accounts for 2.2% of gross payrolls
- Employees reported stealing roughly 4.5 hours per week
Check out our eBook to learn more about how it impacts employee engagement and your bottom line and what you can do about it.