What does employee time theft cost your business? One recent study estimates that it costs more than $400 billion—for U.S. employers alone. Worse yet, what if your managers are inflating payroll dollars intentionally (i.e., helping employees steal time) or unintentionally (i.e., running lackadaisical clock in/clock out protocols)?
Whether biometrics don’t seem to be gelling with your workforce or you suspect time sheets are being manipulated to your company’s disadvantage, this session will explore tools that will reduce your time theft drastically.
EPAY Systems recently announced cutting-edge facial recognition technology for our time clocks and mobile app products. This incredibly fast and accurate technology, along with our advanced fingerprint biometrics and workforce analytics tools, will practically end time theft at the point of clock-in/clock-out. With EPAY’s workforce analytics and custom reporting, you’ll have access to dashboards that offer easy to understand charts and tables to help you identify time theft incidents at the source.
3. Agenda
What We’ll Cover in Today’s Discussion
• Common forms of time theft and best practices to prevent it
• Pros and cons of various biometric options
• An introduction to EPAY's new facial recognition time clock
and mobile app
• Ways to identify potential time theft and operational problem
sites
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4. EPAY Systems Overview
CHICAGO BASED
TECH COMPANY
FOUNDED 2001
SERVING HOURLY
WORKFORCE
ENVIRONMENTS
PROVIDER OF INTEGRATED HUMAN
CAPITAL MANAGEMENT
TECHNOLOGY 75,000+ WORKSITES
FREE PREMIUM CUSTOMER
SUPPORT
24 HOURS/DAY
7 DAYS/WEEK
365 DAYS/YEAR
INDUSTRY LEADER
THE MOST FLEXIBLE CLOUD
BASED TIME & LABOR
MANAGEMENT TECHNOLOGY
99%
CUSTOMER
RETENTION
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5. EPAY Human Capital Management
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BENEFITS
ADMINISTRATION
PAYROLL & TAX
MANAGEMENT
TIME & LABOR
MANAGEMENT
HR
MANAGEMENT
APPLICANT
TRACKING
PERFORMANCE
MANAGEMENT
6. The Big Cost of Time Theft
Time Theft and
Loafing Cost to
U.S. Companies
$400 Billion in
Lost Productivity
$
7. Forms of Time Theft
Long
Breaks
Early/Late
Arrivals
Buddy
Punching
$98B
8. The average employee steals 4 hours and
5 minutes of work time every week.
4 lost hours per week =
16 lost hours per month =
2 lost work days per month!
2 lost work days per month =
24 lost work days per year =
nearly 5 weeks of lost work time
per year . . . PER EMPLOYEE
Do the Math
9. What Does This Look Like for You?
5 x your weekly payroll = lost to time
theft every year
A. < $50,000 per year
B. $50,000 - $250,000 per year
C. $251,000 - $1,000,000 per year
D. $1,100,000 - $5,000,000 per year
E. > $5,000,000 per year
10. Best Practices
Create clear, specific time and
attendance policies
Create procedures for enforcing your
policies
Use time collection devices equipped
with biometrics
Utilize good reporting and analytic tools
How to Crack Down on Time Theft
11. Clear Communication is Key
Use employee manual to outline
consequences of:
▪ Tardiness
▪ Cell phone use
▪ Unauthorized breaks
Have employees sign manual as
acknowledgement of understanding
Update policies as new challenges arise
Communicate Oral and Written Time & Attendance Policies
12. Enforce Your Policies
Put firm procedures in place when time and
attendance policies are not followed
Consider implementing Employee Points system
▪Automatically tally points for absences, late
arrivals, early departures as compared to the
schedule
▪Can accumulate points positively or negatively
▪Can customize based on your companies policies
13. Use Workforce Management Technology
Biometric Time Clocks
▪Fingerprint recognition
▪Facial recognition
Mobile Time Tracking App
▪Facial recognition
▪Geo-tracking
Workforce Analytics
▪Get a quick way to identify punch exceptions
across your sites including potential forms of
time theft
14. Polling Question
A. Fingerprint biometrics
B. Eye or retina biometrics
C. Facial recognition biometrics
D. We currently don’t use any form of biometrics
What form of biometrics does your company currently use
and for what purpose?
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15. Mix & Match
Time
Collection
Options
Or for Just a Few
Employees (IVR)
BIOMETRIC TIME
CLOCKS
MOBILE TIME TRACKING
APP WITH GPS
TELEPHONE (INTEGRATED
VOICE RESPONSE)
ONLINE TIME
TRACKING
Time & Labor Payroll
EPAY HCM
3rd Party
ERP,
Financial,
Accounting
Systems
Integration
15
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Pros & Cons of Fingerprint
Recognition
Pros Cons
• Cracks down on buddy
punching
• Works for the majority of
the workforce
• Fingerprints act as a
unique identifier
• Registration takes a long
time
• Only one person can clock
in at a time
• 7% of the population
doesn’t have a fingerprint
• Obstructed fingers will
create an error
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The Answer? Facial Recognition
Technology
• Speedy registration
• Fast clock in and out
process
• Clock more than one
person in at a time
• Cover 100% of the
workforce
22. Mobile Punch Features
GPS location verification and geo-fencing
Time/task allocation
Employee timesheet sign off
Fields for mileage, tips, supplies tracking
Bar code and QR code scanner
Offline punch mode and group punch option
Facial recognition
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Two-way messaging
Real time
integration with
EPAY TIME
AND LABOR
Also available
in SPANISH
24. Time and Labor Management
System: Feature Overview
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Mix and match data
collection options
Flexible pay rule set
up for real time
labor tracking
Scheduling
Employee
performance
tracking
Track and
Manage Staff
Control Labor
Costs
Get Insight and
Compliance
Out of the box and ad-
hoc reports
Compliance reports
and alerts
ACA reporting
Workforce analytics
and actionable
intelligence
Budgets and job
costing
Overtime monitoring
Real time alerts and
messaging
Employee self-
service (no more
printed paystubs)
25. Workforce Analytics…At Your
Fingertips
Greater Visibility at Senior Management Level:
See trends across worksites from your HR/financial data and CRM/ERP systems—
no need for an additional business intelligence tool.
Improved Compliance with Labor Laws:
Pinpoint areas of potential compliance risk and identify work sites that would
benefit from additional training.
More Accurate Timekeeping:
Quickly identify “punch exceptions” which could be indicating time
theft at your worksites and drill down into specific details.
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No Additional Software Required!
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See site(s) performance against
KPIs.
Receive alerts to potential
compliance, performance and
budget issues.
Mitigate issues proactively and
put improvement plans in
place.
Workforce Performance Indicator Dashboard
Time Changed Punches
Time Correction Lag in Days
Punch Exceptions
Overtime Hours
Timesheet Rate Modifications
Manual Punches
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Workforce Performance Indicator Scorecard
Rate
Changes
Missed
Punches
Time
correction
lags
Grade the Performance of Your Sites
• Compare performance across all work sites
• Pinpoint areas of potential risk/performance problems
• Identify common factors among high and low performing
Sites/Employees/Managers
• Put action plans in place
Weighted
Sites Score
Site A
Site B
Site C
Site D
5
3
2.5
1
}
Scorecard
29. Summary of Features
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Reports that discover, visualize, and analyze operational KPIs
Assign filters, conditions, and sequences and allow clients to isolate and
analyze subsets of their analytics data.
• Drill down to view data by week; day
• View data across one site or multiple site
Identify operational KPIs – develop performance scorecards at the
organization, site, manager, and personnel levels.
• Give only certain users access
• Ability to push out to middle managers
30. 16.1 Months*
*Average ERP implementation
6 Months or Less
Average EPAY implementation
for under 25,000 employees
✓ Flexible Training
✓ Automated Integration
EPAY vs. Other Leading Providers
Bluespeed Makes Implementation and
Deployment a Breeze
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31. •Automated
Integration
with Payroll,
ERP, HRIS
Systems
•24/7/365
•On-Demand
Training
•Private Cloud
•Dedicated
Servers
▪ Up to 68%
Lower Cost
Per User
▪ Up to 97%
Lower
Implement-
ation Cost
▪ No Upfront,
Maintenance
or Upgrade
Costs
▪ Automated
Integration
with Payroll,
ERP, HRIS
Systems
▪ 24/7/365
▪ On-Demand
Training
▪ Online Case
Submission
▪ Dedicated
Client
Relationship
Manager
▪ Capture Split
Shifts, Pay
Differentials,
State Regs,
Union Rules &
More
▪ Private Cloud
▪ Dedicated
Servers
▪ 99.95% Server
Uptime
▪ Encryption
▪ Monitoring
More
Affordable
Free
Premium Support
Pay
Rule Flexibility
Top Tier Security
& Infrastructure
EPAY vs. Other Leading Providers
Fast
Implementation
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32. Schedule a Personal
Demonstration of EPAY Time
and Labor Management
Contact:
sales@epaysystems.com
See More EPAY Time and Labor
Features in Action
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33. 33
Connect with
Us on Social
Media
Send me the eBook
Take the survey
Request today’s slides
Visit Our
Website
www.EPAYsystems.com
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34. Thank you for joining us today!
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