Don’t be deceived by the oh-so-innocent look on their face. Some of your employees may be guilty of having participated in what is commonly known as “Buddy Punching.”
What is buddy punching?
Buddy punching features an employee "punching" the time card on behalf of his buddy, another employee who is late arriving, early leaving or absent from work that day. This practice enables employee absence without consequence.
How does this affect your company?
- Productivity goes down
- Return on investment (ROI) is reduced
- Bottom line profits decrease
- Workforce Management becomes complicated
- Decrease in employee motivation
According to a study by Nucleus Research, a global provider of research and advisory services, 74 % of organizations experience payroll losses directly related to buddy punching. This amounts to billions of dollars in losses per year!
Is there a solution?
Fortunately, yes!
Nucleus Research found that organizations can save an average of 2.2% of gross payroll by eliminating buddy punching through the use of biometric time clocks. These terminals identify the employee by scanning their finger or hand as they are clocking in, thus making it impossible to get away with buddy punching. Organizations can contact workforce management software companies about investing in time clocks and other tools to optimize their business performance.
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