When a company in Toronto tracks their employee's time and attendance, they see a significant savings in operations costs, and an increase in punctual employees!
TimeTECH uses the latest technology to protect companies from Time Fraud. Time Fraud can be committed in a couple ways: buddy punching or rounding minutes.
Buddy punching is when an employee clocks in for their friend, resulting in the organization paying for an employee that isn't even there! This happens in most busy organizations, even in smaller companies!
Rounding minutes is also a popular form of Time Fraud in most organizations. If an employee comes in 5 minutes late every morning, takes an extra 5-10 minutes at lunch and leaves 5 minutes early, a lot of time is being paid out for a non-punctual employee. Studies have shown that an average company loses an average of 3-5 minutes per employee per day. When an employee manually signs a timesheet when they come in, they will most likely round their minutes to the time in which they were scheduled to work.
Many busy companies in Toronto are seeing a significant ROI after implementing time tracking software at their organization, some within a few months time!
Contact TimeTECH today to find out how TimeTECH can save your company operational costs with a custom automated time and attendance / workforce solution!
"We chose TimeTECH because they were able to customize our diverse payroll needs and the security factor to protect our huge login base. What took payroll 3 days to process, now takes only 10 minutes! We now have an accurate monitoring of employee working hours; creating an efficient payroll system." Tilton Industries Inc.
