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Steven Joblike started a poll in your post "How to be a good trader in 2023"

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Steven Joblike started a poll in your post "How to be a good trader in 2023"

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Steven Joblike started a poll in your post "How to be a good trader in 2023"

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Employee Time Theft: Prevention and Detection Strategies

Employee Time Theft: Prevention and Detection Strategies

Time theft costs businesses billions annually. Understanding and addressing it requires a balanced approach that protects the business while respecting employees.

Common Forms of Time Theft

  • Buddy Punching: Clocking in for absent colleagues
  • Extended Breaks: Taking longer breaks than allowed
  • Early Departures: Leaving before scheduled end time
  • Personal Activities: Excessive personal tasks during work hours

Prevention Strategies

Technology Solutions: Biometric time clocks, geofencing, and photo verification make buddy punching impossible.

Clear Policies: Written policies set expectations and consequences.

Culture Building: Employees who feel valued and fairly compensated are less likely to steal time.

Fair Detection

Use data patterns to identify issues, not to spy on employees. VEA Timeclock flags anomalies for manager review without creating a surveillance culture.

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