{"id":984,"date":"2011-07-05T15:05:31","date_gmt":"2011-07-05T19:05:31","guid":{"rendered":"https:\/\/www.m2sys.com\/blog\/?p=984"},"modified":"2022-11-16T03:04:59","modified_gmt":"2022-11-16T08:04:59","slug":"stop-employee-time-theft-and-embezzlement-with-automated-time-and-attendance","status":"publish","type":"post","link":"https:\/\/www.m2sys.com\/blog\/workforce-management\/stop-employee-time-theft-and-embezzlement-with-automated-time-and-attendance\/","title":{"rendered":"Stop Employee Time Theft And Embezzlement With Automated Time And Attendance"},"content":{"rendered":"

We caught wind of a news story today about a Stamford, CT woman who embezzled over $150,000 from her employer by falsifying payroll spreadsheets<\/strong> over the course of a four year period. \u00a0Apparently the woman was manually increasing the number of hours that she worked each week then manipulated composite reports so they would not show any increase in pay. \u00a0All told over the course of nearly four years, she overpaid herself $150,689 in salary and $11,528 in Social Security and Medicare benefits.<\/p>\n

After reading this article, we wondered if the employer might have been able to avoid this employee time theft<\/a><\/strong> if they would have discontinued using paper time sheets and instead switched to an automated labor tracking system that included a biometric time clock<\/a><\/strong> component. \u00a0We have written previously about 5 reasons paper time sheets suck and why you should stop using them<\/a><\/strong>,\u00a0clearly this\u00a0story is a an example on how employers can mitigate risk by switching to automated payroll systems that eliminate data manipulation leading to exorbitant payroll losses.<\/p>\n