Discover how our 60-person-strong risk management team keeps an eye on law changes to inform our product development team.Read More >
Prevent Timesheet Fraud with Secure Time Data Entry and Collection
- nettime solutions staff
My time is my money. And when I fill out a timesheet, it’s a private matter –– shared with my supervisor for authorization and the payroll department for compensation. It is not for all eyes to see.
Yet, many businesses keep employees on a paper-based timesheet. In doing so, you are putting employee privacy at risk.
That’s because timesheets are a treasure trove of personal information. The number of hours worked are logged there, including approved overtime hours, and possibly salary indicators for different hourly wages (depending on the type of work performed).
No one wants this personal information viewed by an unauthorized person, or worse, fraudulently altered against the employee.
With business occurring at lightning-speed these days, paper timesheets do slip through the cracks. Supervisors know this and worry about the porous nature of paper timesheets.
In fact, managers and shift supervisors spend large swaths of their time –– not innovating, not increasing productivity –– but mundanely verifying the hours logged on a timesheet. That’s no way for a business to succeed in today’s competitive environment.
Secure timesheet data is a sensitive issue that touches everyone in the company. Everyone wants it, so how do employers provide it?
A cloud-based time and attendance system is a solution to secure time data entry and time data collection. An easy-to-use time clock can be customized with secure data entry options such as biometric fingerprint, magnetic stripe, bar code, and proximity badge.
Employee confidence is automatically increased. The real-time time and attendance system accurately records time right down to the second, and the extra layer of security verifies employee identity and keeps personal information secure in the process.
A cloud-based time and attendance system gives supervisors a verifiable means of secure data collection. This centralized information is easier to approve and pass on to the payroll department for processing. With the elimination of unnecessary steps, managers and supervisors can focus on value-added activities that can help drive increases to the bottom line.