Your employees may be robbing your business blind. We’re not referring to stealing money or objects from your enterprise. The type of fraudulent behavior we are referring to is called time theft, and it costs U.S. businesses billions of dollars every year.
What is time theft? It occurs when employees claim to work a certain number of hours without actually putting in the total amount of work. Some common examples of time and attendance fraud occurs when employees take longer breaks than they are allotted or have other employees punch their time cards for them in lieu of actually being present at the job site (buddy punching).
Time theft could also occur on the road, when employees take excessive amounts of time traveling in between branch locations or client sites. One industry that is rife with time fraud, for instance, is home healthcare, where it’s difficult to determine via paper-based documentation whether employees are actually visiting patient homes for routine visits.
The truth is that your business can’t afford to pay employees for time that they are not working. Consequently, it’s time to migrate away from paper-based time cards and embrace a new way of measuring productivity—through voice biometric identity verification.
By incorporating voice biometric identity verification into your time management system, you can ensure that employees are in fact where they claim to be at the time they document their work. All your employees have to do is speak a simple phrase, and the application will be able to verify whether that user is who he or she claims to be.
The entire process only takes a few seconds, and it could save you valuable dollars in the long run while also establishing a culture of integrity in your organization.
Click here to learn how VoiceVault, a leading provider of voice biometric identity verification, is helping healthcare companies combat time and attendance fraud and abuse.