Employee theft of company time is a common occurrence in the workplace that can lead to significant losses for organizations. It is estimated that employee time theft costs employers billions of dollars each year. Companies must take proactive steps to prevent this growing problem and ensure that employees are adhering to company policies.
Time theft is the practice of employees using company time for personal activities such as making personal phone calls, checking social media, running errands, or taking extended breaks. Although it may seem like a minor offense, time theft can have serious consequences for both the company and the employee. Time theft can lead to lower productivity, higher labor-related costs and potential legal issues.
Here are some examples of time theft:
Excessive breaks
Taking unauthorized personal time
Falsifying timecards
Extending manual processing time
Excessive use of the internet for personal use
Personal business during working hours
Manipulating the attendance system
Employers should set clear expectations on acceptable behaviors at work and make sure that employees are aware of the consequences of time theft. Establishing a policy that clearly outlines acceptable behavior and provides guidelines on how to address any violations will help set the tone for a workplace culture that values workplace integrity.
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