How much does it cost your company when employees arrive late for work, leave early or take extra long lunches or breaks? Perhaps more than you think.
The chart below illustrates how much it costs for just five minutes of "time theft" per day per employee (based on 250 workdays in a year):
Average Pay
Per Hour |
5 Employees |
10 Employees |
50 Employees |
100 Employees |
| $ 5.50 |
$ 573 |
$ 1,146 |
$ 5,729 |
$ 11,458 |
| $ 6.00 |
$ 625 |
$ 1,250 |
$6,250 |
$ 12,500 |
| $ 7.00 |
$ 729 |
$ 1,458 |
$ 7,292 |
$ 14,583 |
| $ 8.00 |
$ 833 |
$ 1,667 |
$ 8,333 |
$ 16,667 |
| $10.00 |
$ 1,042 |
$ 2,083 |
$ 10,417 |
$ 20,833 |
Even small amounts of "time theft" add up to significant lost profits and lost productivity. Take control of employee time and attendance with reliable employee time clocks or computer-based time clock systems from Dynamic Business Products.
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