What Is ‘Buddy Punching’? Businesses Advised To Be On Alert For Employee Theft
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Title : What Is ‘Buddy Punching’? Businesses Advised To Be On Alert For Employee Theft
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OCEAN CITY — Some resort businesses are on alert for a relatively new scam called “buddy punching,” and while the name suggests horseplay in the workplace or hazing, it’s a serious theft scheme that could and does costs thousands of dollars.
In simplest terms, buddy punching refers to the practice of an employee utilizing a clock-in, clock out system, typically the point-of-sale computer systems, to punch in their friends, co-workers or roommates when they are not working those hours or even that day.
Most cases involve just a couple hours here or there over the course of a week or payroll period, but if multiple employees are involved, it can quickly add up to thousands of dollars in lost wages. Over the course of a summer season, it could and does add up to tens of thousands of dollars in lost profits.
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In simplest terms, buddy punching refers to the practice of an employee utilizing a clock-in, clock out system, typically the point-of-sale computer systems, to punch in their friends, co-workers or roommates when they are not working those hours or even that day.
Most cases involve just a couple hours here or there over the course of a week or payroll period, but if multiple employees are involved, it can quickly add up to thousands of dollars in lost wages. Over the course of a summer season, it could and does add up to tens of thousands of dollars in lost profits.
More
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You are now reading the article What Is ‘Buddy Punching’? Businesses Advised To Be On Alert For Employee Theft With link address https://newstoday-ok.blogspot.com/2018/05/what-is-buddy-punching-businesses.html