Nucleus Research found that 74 percent of organizations experience payroll losses directly related to buddy punching (more).
How much is buddy punching costing you per year and what can you do about it?
If an employee is running late and someone else punches them in, you may lose a minute or an hour, but if someone doesn’t come to work at all, you could be paying for unworked days or weeks.
The good news is that controlling buddy punching is easier than ever. Its been over ten years since the first biometric devices were offerred with Workforce Mangement solutions. Since then, the reliability, accuracy and price of these devices has improved greatly and they are now a mainstream part of most Workforce Management solutions.