Filling them out wastes your employees’ time-and processing them and entering them into your payroll system wastes your time. For example, “buddy punching,” is a process where one employee takes the lead in clocking in for another employee when they’re late or absent-which can throw off your employee time and attendance data and make attendance tracking harder. When you rely on paper timesheets or traditional time cards, it makes it easier for employee hours to be misrepresented and time theft to happen-and for your business to lose money. According to research from the American Payroll Association, 75 percent of companies experience some kind of time fraud, costing businesses up to 7 percent of their total payroll each year.
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