Business owners and managers often wonder how to make the best use of employees hours. Yet for many businesses, it remains difficult to achieve, as a lack of project planning, excessive downtime, or even time theft can become common.
But what is exactly time theft? If this phrase in unfamiliar to you, nevermind. In this post, you’ll find out what it is, and how to overcome it.
What Is Time Theft
Employee theft can take many forms, but people typically link it to stealing company property or money. However, it’s important to differentiate between employee wage theft vs. other types of theft.
Time theft is a huge problem that not all employers realize or take measures to prevent.
It constitutes employees receiving payment for logged hours during which they have not performed work. Basically, this is labeled as counterproductive work.
Imagine that you have an employee who is paid per month. And you expect from him some kind of work right? Now imagine that this employee spends his time not working, lurking on sites like Youtube, Twitter or something else. That means that you have someone who is paid to work but instead, most of his time he/she actually isn’t. And that’s an issue.
Time Theft Statistics
One thing that doesn’t lie are numbers. Many surveys were conducted on time theft and they all show demoralizing picture.
According to Nucleus Research, 74% of businesses suffer losses from some form of time theft by their employees.
What’s more, it is believed that an average person spends more than 4 hours per week on non-work related activities. And that’s just the tip of the iceberg. Imagine that you have 500 employees and each one of them spends 4 hours of their work week on unproductive stuff. Now imagine that happens every single week of the month for the next 12 months...you get the point. It’s a lot of time wasted.
So, the million dollar question is : “What can I do about this? Is there a way that I could minimize this time theft thing you are talking about”?
Employee Time Tracking Software
And you might be thinking : “If only there is some kind of software to keep track of computer use or a way to watch employees computer as a way to control them.”
And, there is. Nowadays, people can solve anything. Even time theft can be solved and you could do that with the help of employee time tracking software. What it does is very simple. It monitors the activities of employees and distinguishes their work between productive and unproductive. Also, as the name suggests, it tracks the time they spend on specific tasks or websites. At the end of the day, it gives you a cool report, where you can see exactly how much time they invested into actual work and how much on lurking around.
Now, you might be wondering what’s the best time tracking software to use? The truth is that you need to choose yourself. See what works out for you. The market is full with quality programs and you should find the one that is perfect for you. You want just a simple tool for keeping an eye on your workers? It’s out there. You want a billable time tracking software that will save you time at the end of each month? You bet it’s out there.
The thing with time tracking software is that it’s an investment for the future. And it’ll pay off for sure. By implementing one into your business, your employees productivity will rise substantially.
So, the chance that you may have some kind of time theft individual in your business is high. One leads to another, and sooner or later you might face a huge problem of unproductivity. That is something you shouldn’t strive to and you need to put an end to it. Time tracking software offers you just that, and you should think about investing in some kind of employee time reporting software.