New York, NY (PRWEB) October 08, 2013
Most employers are likely aware that employees can be dishonest. However, many employers don't know how far this dishonesty extends, or feel as though it might just be something that other companies experience.
According to recent statistics featured in Business News Daily, authorities identified 71,095 dishonest employees in 2012, and businesses recovered over $50 million from these inventory thefts. In recent statistics quoted by Voss Insurance Services,
-Staff members carry out 80% of crime in the workplace,
-One out of four people committing workplace fraud has been with the company for 10 years or more and
-One in four people working for any given company has witnessed or taken part in employee fraud.
Voss Insurance focuses mainly on crimes like embezzlement, phantom vendor creation, vendor kickbacks, padded expense accounts and inventory theft. However, though these crimes might be on the larger scale, this does shed some light on what others are capable of. It's nice to believe that all people have good in their hearts and would choose not to steal. However, when it comes to snagging office supplies, random bits of inventory, and lying on time cards, most people know someone who regularly engages in this type of behavior without a second thought. When it comes to larger scale thefts and embezzlement, if so many people are capable of carrying out these crimes, then it stands to reason that the smaller ones might be more rampant than most people might think; and yes, these things could be going on right under any office manager or business owner's nose.
Modern technology has brought forth many new weapons in every war on crime; and just recently MinuteHound introduced a way for business owners to cut employee theft when it comes to lying on time cards. From now on, it is impossible for any employee to lie about arriving to work, leaving work, or his or her shift's duration.
Not only is this system, the most effective system to hit the market to date, it is also extremely affordable. A business owner pays only around $100 for the time clock machine and then a monthly fee. The number of employees the business owner will be maintaining records for determines his or her fee.
The MinuteHound system costs much less than most time clock systems. In addition, most antiquated systems still allow employees to get away with things like buddy punching, unapproved overtime and time clock manipulation. In addition, the MinuteHound system eliminates time card errors. Once the employee clocks in to work, the systems sends the record directly to MinuteHound's servers and the information is stored there until the business owner, the office manager, HR or accounting is ready print out payroll reports.
MinuteHound Contact Information
Phone: (800) 351-7237