How Much Could You Save by Eliminating Time Theft?
Time theft is a critical issue that can cost businesses significant amounts of money and decrease overall productivity. It occurs when employees take advantage of their work hours by arriving late, leaving early, or getting their colleagues to clock them in, and even taking excessive or extended breaks. Every company suffers it to a greater or lesser degree!
How Much is Time Theft Costing Your Business?
Our time theft calculator helps you estimate the potential losses due to time theft by analysing the number of employees, their hourly wages, how many minutes per day you could be losing and then multiplying that across a number of weeks.
By using this tool, you can get a better understanding of how much money your business may be losing and take necessary actions to prevent time theft from happening in the future.
The Hidden Costs of Time Theft
We understand that your sector operates under tight schedules, and every minute counts. Hidden time theft has further implications for production planning and productivity. Missing deadlines and delivery schedules for customers due to habitual tardiness, extended break taking or buddy punching also impacts your trusted relationships with your customers and demotivate other members of your team.
While we can’t factor that into this calculator, with our tool, you can take proactive steps to understand and start to address missed working time. By reducing time theft, you improve productivity, and ultimately, increase your bottom line.
In addition to providing you with an estimate of your potential losses due to time theft, we’ve also included our whitepaper on 8 ways that biometric clocking in improves productivity and what you’re missing out on by using traditional punch clocks or manual clocking in methods.
Whether you’re a small business owner or a large corporation, our time theft calculator can help you identify areas for improvement and take necessary actions to reduce time theft.
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Almas Industries has been supporting businesses across Europe for decades, by improving security, safety and improving efficiency.
Our goal is to help you optimise your workforce and minimise time theft, enabling you to run your business more effectively. We know that by taking a proactive approach to time theft, you can increase employee engagement, reduce turnover, and ultimately, improve your bottom line.
Get in touch today for a free consultation to discuss how we can help your business. You can call us on 03335677799 (UK) or 016833368 (IRE) or drop us your details below and we will get in touch