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Time theft, buddy punching, payroll calculation errors, and leave inflation are hidden costs that add up quickly. Input your number of employees and their average hourly wage to uncover how much these issues could be impacting your bottom line.

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Calculating Losses

0.5% of total annual payroll is a cost incurred because of miscalculations. Paper-based time cards, manual data entry and manual calculations are especially unreliable.

19% of employees admit that they have participated in buddy punching at least once each year. Research shows that most companies actually lose 1.5-3% of payroll to the practice of one employee clocking another employee in or out, aka “buddy punching.” This calculation is made using a conservative 1.0%.

Employees who clock in early or clock out late contribute to “payroll inflation.”

Without automation to accurately account for absences, employees are able to take unearned time off. This contributes to “leave inflation,” another type of time theft.

Unscheduled Absenteeism & Overtime

The US national average for unscheduled absences is 6%

The US national average for unscheduled absences is 6%. 10% of this absenteeism cost can be saved immediately through automation.

Unnecessary overtime can be reduced by 5% with better planning and tracking tools

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