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Time Fraud Issues of Buddy-Clocking in Retail

Employee Time TheftIn recent cases hitting the retail sector, buddy clocking has become more than just an issue, but a threat that is seriously crippling already slumped retail business’s labor costs.

The retail industry, which is characterized by multiple sites and large staff complements, have placed unique requirements on access control and time and attendance solutions, where the control of buddy-clocking and fraud have become critical for managing labor costs.

Retailers nationwide have discovered that is critical to control the movement of staff by controlling time and attendance to prevent fraud. This issue has grown significantly in recent years and is costing the retail industry millions of in inaccurate wage payments and theft due to buddy clocking.  Ultimately, most retailers’ reliance on card and PIN-based systems is indeed costing retailers in wage fraud through incorrect T&A clocking data.

An increasing number of retailers, wholesalers and manufactures are fast realizing the benefits of biometric time lock technology as opposed to traditional access control systems.

Among the number of biometric technologies available, fingerprint technology is at the forefront of superior time management options for retailers throughout the country. Whether you’re prescription drugs looking to get secure access into sites, provide fully integrated T&A solutions, or monitor and track staff—a fingerprint-based access control and T&A solution increases productivity and efficiency while virtually eliminating fraud.

Use Biometric Time Clocks To Gauge Your Employees

The technology can be used to significantly lower the losses caused by unauthorized access, T&A fraud, and buddy-clocking. Not to mention, these biometric time-clock systems have helped companies identify and retain productive employees as well as detect and react to problematic employees. If you’ve ever been concerned about an employ or, on the other hand, wanted to know who your most reliable, hardest-working employees are—biometric time clocks will answer all your questions so you can operate your business smoothly and more efficiently. Don’t waste time trying to build cases against bad employees. Weed them out before they start taking advantage of you and your business.

Bottom Line

Most retailers need to manage a large workforce at very high speeds. Using biometric time clocks not only provides a solution for maximum efficiency, it also eliminates the dependence on access cards, keys and PINs.  Whether you’ve had fraud problems in the past or are looking to safeguard your business (retail or otherwise) from fraud—biometric time clocks are the way to go!

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